People are warming up to the idea of purchasing groceries online and it is gaining momentum fastly in 2023. According to statistics, the Indian online grocery market was worth US$ 5.1 billion in 2021 and is expected to reach US$ 28.3 billion by 2027.
Thus, the online grocery store market has tremendous growth potential. And if you are looking to gain experience and learn the knacks of running an online grocery store, then doing a franchise business is the best option for you. A franchise business will not only give you huge profits but it will also provide you with valuable business experience that you can make use of in the future.
Now, let us look at some more information about online grocery store franchises and how you can also start one today.
Is Online Grocery Shopping Profitable?
In short, of course, it is!
The pandemic period saw an increase in customers in online grocery shops to 52% which is still continuing to rise. Therefore, it is obvious to expect the customer base to only increase from this point forward.
Moreover, online grocery stores are a profitable sector in India as they care for the basic and important needs of individuals. But, to be consistently profitable, the first thing that online grocery stores have to build is trust.
Trust comes with quality products and efficient services. If the online stores provide
- Quality products
- Doorstep delivery
- Affordable prices
- Cashless payments
- Quick delivery
Then there is no doubt that your online grocery store will grow to be more popular. A great service with a good shopping experience is what creates a loyal customer base for online stores.
How do I start an Online Grocery Business?
Starting and building an online grocery business from scratch and creating a brand out of it will take years of hard work, a lot of investment, and time. You also need to compete with established players in the market with a handful of resources and experiences. have. So it is not recommended if you are a beginner in the field.
Choosing an online grocery store franchise is a sensible decision that you can make if you are looking to gain experience. Franchise business offers you solid financial support, valuable insights from experienced leaders, and an already established brand. With no risk involved, you will learn how a profitable business works from the inside out.
So how do you start an online grocery store franchise? That is where we come in. Bharath franchise has numerous brands that one can choose from. We set you up and scale up with a suitable franchise business according to your preference.
Which Grocery Franchise is Best?
As you now know that Bharath franchise connect you with the best franchise businesses in Tamil Nadu, India, we recommend Indbazaar for your online grocery store business.
Indbazaar is a rapidly growing online grocery store with over 3000+ customers from Chennai, Villupura,m and Puducherry. Indbazaar not only sells groceries it also sells more than 4500 products in the space of cosmetics, beverages, health and personal care products, groceries etc.
Here are the requirements to take up this franchise:
- 1500 to 3000 Square feet area for 6 to 10 Outlets
- Investment Range of Rs. 45 to Rs.70 Lakh
- Franchise Fee 4,50,000 to Rs .9,00,000
- Royalty Fee – 40,000.
And the ROI is expected to take 12 – 15 months.
Hence, this is your chance to become part of a lucrative online grocery store franchise. Contact us today and let’s plan your bright business future!