Top franchise business in Guwahati and it’s merits
The franchise business is a business model wherein a well-established company allows third parties to operate their business as their own. There are well-defined terms and conditions that lay down the rules of operation. The parent company helps out in multiple ways to ensure that the franchise is a success. In return, the franchise owner pays a one-time fee and has a regular revenue-sharing arrangement with the franchisor. Franchise business model has become quite popular in the last few years. There has been a 30 % growth in the franchise business in the last 5 years. In fact, it is estimated that this sector will contribute approximately 4% to India’s GDP by the year 2022. Owning a franchise business has a lot of merits. • On average, the return on investment of a franchise business is usually higher and faster in comparison to a similar kind of start-up. • The parent company gives valuable insight and training while setting up the business. They also provide the branding materials like standees and fliers for promotions and advertising. • Brand recognition is definitely one of the biggest advantages of owning a franchise. Consumers are already aware of the brand and know what to expect. Most of these businesses have a loyal fan following making it easier for the franchise to break even and start yielding profits in a shorter time span. • The buying power of the parent company is an added benefit. They can procure a lot of goods and services at a lower cost which reduces the cost of operation to a great extent. In the last couple of years, we have seen many big names from retail as well as from the food and beverage industry come and do phenomenal business in the northeast. More and more brands are trying to get into this untapped market in the near future. Sidvin Realty in association with Franchise India has hundreds of big names that are looking for franchise partners in the northeast. So go ahead and choose a franchise that appeals to you and become your own boss and owner of a hugely successful business venture.
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Some facts of Guwahati’s retail market and its future
The retail market of Guwahati has grown exponentially over the last decade. The stagnancy of the market was broken by the entry of several big names that slowly made their presence felt. Today, the whole of Guwahati is dotted with big names like Westside, Marks and Spencer, Life Style, Hamley’s, etc. Big retail departmental stores like Reliance Retail, Pantaloons, Shoppers Stop are expanding their business and are coming up with more and more stores each year. Guwahati is the biggest city in the north-east and many people from all the neighbouring states come to Guwahati to do their shopping, especially during the festivals. Till a few years back, the consumer behaviour was strikingly different from what we see today. Back then, people were not brand conscious and preferred to do shopping from the local vendors in Fancy Bazaar and Ganeshguri. This was often due to the trust and the relationship that had with the shopkeepers. When Lee, opened their first outlet almost 2 decades things slowly started to change but the overall consumer behaviour remained pretty much the same. Today, the things are very different, the gennext have a higher disposable income and are extremely brand savvy. They shop more and spend more in clothes and consumer durables in comparison to the earlier generation. This is creating an opportunity for bigger and more exclusive brands to enter the market. Some of the big names that are in the pipeline to enter the market are the next couple of years are Zara, H&M, Zudio, Croma and many more. In the next few years, we are sure to see a bigger shift in consumer behaviour. This will have a positive influence in the economic growth of the region and will create employment opportunities in various capacities. We will also see a change in the infrastructure and the skyline of city. This is in fact is the best time to invest in different types of commercial and retail spaces. Get in touch with us to get access to the best commercial spaces in Guwahati and become a part of the great change.
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Why Guwahati will be a great place for investment in the future?
Guwahati is the biggest city in the state of Assam and is considered to be the gateway to the northeast. It is also the financial capital and the biggest metropolis in the northeast. Guwahati is an ancient city with a history dating back as far as the 2nd century. It is well known across the world for its famous tea auction center and the sacred Kamakya temple. The demographic and the infrastructure of the city have seen a huge change in the last couple of years. There has been rampant growth in the multi-storeyed shopping and housing complexes which is slowly converting the laid-back lahe-lahe city to a more fast-paced one that we see today. The government of India has identified Guwahati as a part of the smart city initiative and has a complete makeover plan for the city. With the smart city objective in the pipeline, there will be a demand for modern amenities like faster internet, better transportation services and roads, better hospitals, and better educational institutions. There will also be a huge demand for self-sustaining living spaces. As a part of the Advantage Assam initiative, the government of Assam has agreed to offer land and various types assistance to MNCs to help them set up offices and factories. This will definitely have a positive impact on the overall development of the city. This will create a demand for real estate in all forms, right from better housing to state-of-the-art warehouses. With all these big changes in the future, the city of Guwahati will bear a modern look and at par with other bigger cities in the country. This will also help create a secondary demand for places that can be converted into hotels and retail spaces. With such amazing opportunities coming up in the future Guwahati will be a great place for investment. We at Sidvin Realty will be your biggest support and ally to become a part of this lucrative opportunity.
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