Covid-19 was crucial in highlighting the value of franchisees in the commercial sector. The franchise industry is regaining momentum while the global business sector is still finding its feet.
Significant changes will be made to how people, organizations, and economies operate in India as a result of the pandemic. An emergency like this has never occurred in India’s franchising industry. Due to the closure of the salon, kindergarten through grade 12 schools, eating establishments, retail stores, and others, the immediate effects are evident.
However, as a result of the economic downturn, new businesses and possibilities have emerged, raising hopes for a rebound. Businesses that provide door-to-door banking, telemedicine, online expert consultation, online retail, online training, and other services have largely noticed a beneficial impact.
Indore-based Business Bazaar is one of India’s top providers of franchise solutions. Founded in 2021, this franchising firm is extending its digital frontiers. It has successfully introduced 16 outlets in different cities to back this statement. Business Bazaar opened doors to one Waffle hut (Café Concept) outlet in Gwalior and two in Bhopal.
Jalandhar, Indore-Ujjain Highway, and Rau Road each have one outlet of Adams Ale (Dine-in /Bar Concept). For Nawab–e–Paan (Paan Concept), Business Bazaar focused on opening one outlet in Lajpat Nagar, South Delhi. They have also opened one Mast Banarsi Pan (Paan Concept) outlet in Gurugram, and Chawla’s (Fine-Dine Restaurant concept) has been launched in Arunachal Pradesh. Urban Singh (Dine -In) outlet is now opening in Patna.
“There is no right time to venture into the franchise business. We have clients who can grow further, and that is how we planned this expansion for them. All of them had their base set in some cities, but with the proper research, we knew where to extend their footprints,” Mr. Pankaj Solanki, Founder, Business Bazaar.