Religion has a very important place in India, and it duly affects a large part of our lives. The majority of India practices a polytheistic religion, and therefore it has a great deal of sacrosanct or religious places. These religious places often accumulate millions of followers of the deity enshrined there. Tirupati is one such widely followed religious place in Andhra, which attracts thousands of followers every day.
A business thrives and blooms on the mercy and availability of the market. These religious places have the acumen of gathering crowds in large numbers that have high purchasing power too. Thus, it becomes a win-win situation for a business or a franchise to start its services in Tirupati.
Sri Venkateswara Temple of Tirupati, situated at one of the peaks of Tirumala hills, attracts Hindu pilgrims’ scores. The entry of such a large populous in the city allows businesses to grow and bloom. The city offers business opportunities in every sector, such as tourism, food, lodging, desserts, fast foods, couriers, bakery, and many more. Since most of the city’s crowd is from outside, it is wise to open up a franchise outlet rather than starting one of your own, as familiarity with the business would help it attract visitors.
This blog post would aim to discuss a few of the successful franchise that one can own in Tirupati for better returns on their investment.
An ice-cream parlor in a city that hosts a large number of tourists or pilgrims on a daily basis can be a good business idea. The idea will be gold if the ice-cream parlor is of Giani’s legend in its own field. Giani’s is synonymous with high quality and pocket-friendly delectable ice-creams with some innovative flavors. People visit religious places with their families, and what better than a Giani’s ice cream to provide for those children to make them happy.
Along with the regular flavors, the brand offers some innovative delectable delicacies, and that is the USP of the brand. The brand is 70+ years old, with a reputation of the best in the field. The initial investment required to open an outlet of Giani’s is in the range of 11lakhs to 14lakhs, and the space required for the outlet should be 250 square feet.
All one looks for in a foreign place is something that they know from before. Subway, with its fast-food outlets that are spread throughout the country, provides just that. That assurance makes pilgrims likely visit the store to have some quick, delectable, and healthy snacks. Subway is the most franchised brand throughout the world, and this fact in itself speaks volumes of the success that the franchisor and franchisee achieve through an outlet of Subway, anywhere and everywhere.
Thus, to open up a franchise opportunity in Tirupati can be highly rewarding as it would provide healthy and fresh snacks to everybody visiting the city. For opening a Subway store, the initial investment must be in the range of 55 lakhs to 80 lakhs, and the space required should be around 600-1000 square feet.
Juice Salon –
Everybody searches for relaxation after a tiring day as the pilgrimage needs toil mentally and physically from the pilgrims. These hard conditions require some effortless self-care for the individuals, which the Juice salon provides with sincerity and responsibility. The leading salon franchise opportunity in the wellness care sector with a niche audience would attract the customers – locals and tourists. Moreover, Tirupati is well known for the elite audience and bhakts it has, who visit there regularly.
Seeing all these conditions surrounding the location, Tirupati makes this salon one of the best business opportunities in the city. Juice salons go out of their way to market and promote the franchise. Initial investments sought to open a store of Juice salon is around 50 lakhs to 1 crore. The space for the same would be more than 1200 square feet. All the franchise owners must possess is zeal for the self-care industry, and rest will fall into place through a collaborative effort from the owners of the brand and franchise owners.
Tirupati is a holy place, but the city is full of opportunities from all kinds of businesses, and there is a great chance of higher returns on each of them. Owning a franchise from any industrial segment and working hard enough to cater to the customers’ needs would certainly reap benefits and let the franchise touch the sky. Most successful franchisees would also have the same success run in Tirupati or even better run due to the large populous that regularly enters the city.
In these cases, religion presents an franchise opportunity for businesses that seek to serve as their foremost priority with the quality products or the services they tend to offer.