12 Best Franchise in Mumbai for 2026: High ROI List

Do you have a desire to open your own business? You are in an excellent location in case you live in Mumbai. Mumbai is a place of vitality, individuals, and opportunities to be successful. For many entrepreneurs, starting with a franchise in Mumbai offers a smarter and more reliable path to growth. However, it is extremely hard to build a business out of nothing. You need to choose a name, get customers, and do it all by yourself.

Franchise is an already developed business that one can purchase. You pay a fee to utilize a brand that is already familiar and trusted by people. The company, which is referred to as the franchisor, provides you with business plans, products, and training. It is you, the franchisee, who makes the shop successful.  

And this concept is increasing rapidly in India!  

• The size of the franchise market in India is immense and will reach over 15,000 crore by 2025.  
• It expanded to 12,500 crores in 2024, compared to 4500 crores in 2018.  
• The largest segment, approximately 35 per cent of all franchises, consists of food and drink.  

Franchising is one of the best cities in Mumbai. Let’s see why.  

The Franchise Landscape in Mumbai: What Makes it Attractive 

• Mumbai metro people (estimate of 2025): approximately 22.09 million.  
• Nominal GDP of Mumbai metro (202425 projection): approximately US$278bn (Mumbai is the financial centre of India).  
• Maharashtra GSDP (nominal, 202425 advance estimates): 45, 31, 518 crore.  

India franchise market (projected 2025): industry reports indicate that the industry is growing at a very high rate – some estimate that the organized franchise market is likely to become more than 15,000 crore by 2025, and the growth is even higher in the long run. Indian e-retail GMV (2025): approximately US 60 billion (online and offline will transform the way franchises operate).  

• Size & spending power: Mumbai sells: large population and large city GDP are an indication of high retail, food and drinks, services and lifestyle franchise demand.  
• Consumer mix Diversity: Mumbai has affluent zones (BKC, South Mumbai, Powai) and has numerous mass-market zones – good with multi-tier franchise plans (premium plus value).  
• Location dynamics Real estate: The cost of land is high and developers are constructing higher buildings (increased height limit and mega-projects in 2025), which are shifting retail to mall anchors, high street compact stores and cloud-kitchens.  
• Infrastructure & logistics: huge strength: Hassle-free supply-chain to franchisees (good connections airports, ports, suburban rail, metro expansion, major roads) and assist multi-unit operators in dealing with logistics. Massive projects scheduled in 2025 will further enhance
• Digital adoption and omnichannel behaviour: The e-commerce and e-retail in India continue to expand (e-retail GMV =US 60B in 2025). Online ordering and quick pickup are expected by the consumers – franchises that offer both delivery and in-store pickup have a competitive advantage.  

Which Franchise is Best in Mumbai? (Acc. to 2025 Metrics)  

1) QSR & Cloud- kitchen (Most suitable with many investors)  

Why Mumbai? It is due to the large number of people, numerous deliveries and a large number of office and college workers during the day. This keeps QSRs successful. 

2025 market signals  

By 2025, India e-retail GMV is approximately US 60 billion indicating that a significant number of people place orders online and have food delivered. The delivery of goods by fast means and instant grocery develop rapidly, particularly in big cities.  

Average 2025 unit economics of a city such as Mumbai.  

• Investment (cloud -kitchen): 10-30 lakh in the shop, equipment and starting working capital.  
• Investment (QSR store): 20-60 lakh, according to the location and fit-out.  
• Net margins 12-22%: before marketing and delivery expenses, cloud kitchens tend to have a higher percentage; QSR margins are fluctuating.  
• Normal payback: 9-18 months of an operating cloud kitchen or a high turnover QSR. This may be slower in rural or flagship units.  
• Risks and notes: there is much competition, high delivery commissions, and high rent in the popular areas. Asset-light models (delivery and small kitchen) retain a lower rent.  

Who is it to choose: This is to be chosen by people who are able to operate a business with tight control, deliveries and POS using technology, and people who handle a lot of work on a daily basis.

2) Fast-trade / Convenience store and Micro-grocery.  

Why Mumbai? Populated neighbourhoods and an on-demand culture make expeditious business appealing. According to Reuters and Bain, the proportion of e-grocery orders to quick-commerce in 2024-25 is large and will continue to increase.  

2025 signals & economics  

• The market: Quick -commerce took approximately two-thirds of the 2024 e-grocery requests in India and is moving into other categories.  
• It will take: ₹5-30 lakh in a small shopfront, micro-warehouse, or franchise kiosk depending on the brand.  

Margins: Low per transaction, but large in quantity; the profit is determined by the effectiveness of the logistics and the number of orders per area.  

Risks & notes: Logistics margin; you must be in hot delivery and cost control. The increase in margins can be achieved by brands that sell their own, privately-labeled products (EY and market trends indicate that private-label is taken up).  

3) Beauty and Personal Care Chains (salons, skin clinics)  

Why Mumbai? It is an expenditure on beauty and many women are working and there is an emerging men grooming market. Premium demand is more likely to be observed in omnichannel beauty brands and new luxury retailers.  

2025 economics (typical ranges)  

• Investment (salon/beauty studio franchise): ₹8 50 lakh based on the brand and fittings.  
• Margins: Service businesses can easily achieve 1530 percent EBITDA when they are already mature since customers revisit frequently.  
• Payback: 12-24 months depending on location of studios.  
• Risks: It is expensive to keep staff members motivated and trained and high-end locations are expensive.  
• Best Fit: Operators with the ability to maintain quality of service provision and customer loyalty.

4) Gyms / Boutique gyms / Yoga chains.  

Why Mumbai? The youth and urban residents are increasing their spending on fitness and wellness. Recurring cash is presented in franchise formats that involve subscriptions.  

2025 economics  

• Investment: 12-80 lakh and above to a small boutique or a complete gym.  
• Margin: With full utilization of the rooms, recurring models of membership can achieve 1525 percent EBITDA.  
• Payback: 12-30 months depending on size and equipment prices.  
• Best Fit: Operators that are able to build a community and retain members.

5) Education and Test-prep / Early childhood learning.  

Why Mumbai? Numerous youths and parents who desire to spend on lessons and skills. These are low capex but high demand particularly in congested neighborhoods. 

2025 economics  

• Investment: 5-30 lakh on franchise centers, based on size, and curriculum.  
• Margins: Margins usually increase to 2035 per cent on stabilizing enrolment.  
• Payback: 9 -18 months popular brands.  
• Risks: There are regulatory/affiliating problems with some courses; brand reputation is highly valued.  
• Best For: Investors with minimized cash flow and low stock investment risk.

Top Franchise Sectors for Mumbai

And now, before we present a list, we will take a glimpse at the most suitable types of franchises in Mumbai.  

1. Food & Beverage

It is the best type of franchise in Mumbai. People love eating out. It includes:  

• Fast food such as momos and burgers.  
• Vada pav and idli, street food. 
• Desserts such as waffles and ice cream. 
• Cafés, tea and coffee shops 
• Customers come all day long  

2. Courier & Logistics

Mumbai is a commercial center and millions of packages pass through it on a daily basis.  

• People and firms will have to transfer documents and goods.  
• Online shopping has increased and this has increased the demand for delivery services.
• Established brands such as DTDC are in demand.  

3. Small retail & kiosks

These are small stores which retail in particular products.  

• They benefit from low rent.  
• You can find them at malls, metro stations or streets.  
• Examples include ice-cream salons such as Amul or mini-supermarkets such as BigDeal.  

4. Service‑based franchises

These enterprises do work on behalf of customers.  

•  Mumbai dwellers are hectic and will afford time-savings.  
• Examples include good ones such as laundry services such as TumbleDry and pharmacies such as Apollo.  
• Customers are always needed, as they are needed.

Top 12 Franchise in Mumbai (2026 Edition)

The following is the list of 12 great franchise opportunities that you can consider.  

1. Wow! Momo  

Wow! Momo is among the most successful businesses of India. They made a large brand out of a small eatery, the momo. They sell momo sizzlers, momo-burgers, and steamed, fried. Mumbai people are fond of momos and this brand is the most widespread. They are located in kiosks in malls and mini shops. The brand assists you in setting up, training, and marketing, thus it is simple to start. You get integrated into a familiar brand.  

• Franchise Fee: ~ ₹25,000  
• Royalty Fee: ~ 5% of gross sales  
• Capital Investment: 20 Lakhs -35 Lakhs.  
• Profit Margin: Depends on the location (high footfall = high profit)  
• Franchise Apply Link: https://www.wowmomo.com/ (Search their “Franchise” or “Contact Us” tab)  

2. Goli Vada Pav  

Goli Vada Pav was launched in Mumbai. They have transformed the street food that is extremely popular, vada pav, and made it cleaner, hygienic, and modern. All the vadas are prepared in a central kitchen and hence the taste is similar in all outlets. As a fast-growing franchise in Mumbai, you do not have to be a master chef; all you have to do is fry and serve. It is a highly simple and effective business. Vada pav can be marketed throughout the day and hence you can have customers from the morning to the night.

•  Franchise Fee: ₹2 Lakhs – ₹3 Lakhs  
•  Royalty Fee: = -13% (this is a sales commission)  
•  Investment Requirement: 12 Lakhs -15 Lakhs.  
•  Profit Margin: ~ 20% – 25%  
• Use of Visa: The franchisee is required to use Visa as a payment method.  

3. Jumboking  

Another Mumbai brand is the Jumboking. Their specialty is large, neat and delicious burgers and vada pavs. They have the name of an Indian Burger brand. They have shops which are bright yellow and red and which are located close to most of the major railway stations in Mumbai. They are cleverly targeting places with large audiences. They train and support completely and have a good supply chain. A Jumboking franchise could be really busy in case of a good location.  

•  Franchise Fee: ~ ₹4 Lakhs  
• Royalty Fee:/ 10% (6% royalty + 4% marketing)  
•  Investment Required: 35 Lakhs- 60 Lakhs.  
•  Profit Margin: ~ 8% – 15% (net profit)  
• As we are an Indian company, we have a franchise application link, which is:  

4. Tea Time  

One of the fastest-growing tea brands in India is Tea Time. Their concept is easy, to sell good quality tea and snacks cheaply. This renders it an excellent low-investment franchise. You only need a small shop. They are selling numerous varieties of tea, cool drinks and milkshakes. It is an easy business and it would suit colleges, offices or neighborhood.  

•  Franchise Fee: ~ ₹1.3 Lakhs  
•  Royalties: approximately 3% (this is limited to 9,000 per month)  
•  Investment Needed: ~ ₹5 Lakhs  
•  Profit Margin: Earns 50,000 -1.2 Lakh per month.  
•  Franchise Apply Link: teatimegroup.com/contact/  

5. DTDC Courier & Cargo  

DTDC is a reputed company in the courier industry. It is a non-food franchise, a service-oriented one. Individuals and business organizations require sending parcels and documents. DTDC has a variety of franchise options, and you can begin with a small franchise option called a Flex Partner, which is of minimal investment. As a trusted franchise in Mumbai, you become the DTDC local in your area. It is a good company with stable revenues.

•  Franchise Fee: 25,000 -50,000 (in the small Flex Partner model)  
•  Royalty Fee: They adopt a revenue -sharing model (not a royalty)  
•  Cost of Investment required: 1 Lakh to 1.7 Lakhs (in the small model)  
•  Profit Margin: ~ 20% – 35%  
•  Franchise Apply Link: https://www.dtdc.com/partner/  

6. Naadbramha Idli  

This is a single-dish brand from Pune called Idli. They do it exceptionally well and are well known for their soft, fluffy idlis and delicious sambar. They use a unique “chef-less” model where a central kitchen provides the idli batter and sambar base—so all you need to do is steam and serve. This ensures reduced costs, zero food waste, and consistent, excellent taste every time. It’s a high-demand, easy breakfast and snack product, making it an attractive opportunity for those looking to start a franchise in Mumbai.

•  Franchise Fee: ~ ₹3 Lakhs  
•  Royalty Fee: Zero Royalty (None)  
•  Investment Needed: ~ ₹15 Lakhs  
•  Profit Margin: ~ 20% – 25%  
•  Franchise Apply Link: naadbramha.com/franchisee-enquiry-IDli.  

7. The Belgian Waffle Co.  

This is a brand that began in Mumbai and has become ubiquitous. They popularized waffles as a cheap dessert. Their hot and fresh waffles with toppings such as chocolate and ice-cream are a favorite among people. They are typically operated out of small kiosks at malls or high-traffic streets, so your rent is lower. As a popular franchise in Mumbai, the special waffle mix is provided by the company, therefore it is not difficult to prepare: add water, pour into the machine, and add toppings. It is a good, enjoyable, and lucrative business.

•  Franchise Fee: 3.5 Lakhs- 5 Lakhs (depending on kiosk or cafe)  
•  Royalty Fee: ~ 8.5%  
•  Investments required: 12 Lakhs 18 Lakhs.  
•  Profit Margin: ~ 20%
•  Franchise Apply Link: http://websites.inresto.com/thebelgianwaffle/franchise.html

8. BigDeal Supermart

This franchise is a mini-supermarket or grocery store. Groceries are required by people in a busy city such as Mumbai at all times. BigDeal Supermart assists you to start a clean and modern store in your locality. They offer billing programs, assist in inventorying goods and marketing the store. The most advantageous aspect is that there is no royalty fee, you get all the profit. It provides your community with a service that is required and creates an unwavering customer base.

•  Franchise Fee: ~ ₹2.1 Lakhs  
•  Royalty Fee: Zero Royalty (None)  
•  Investment Required: 10 Lakhs -20 Lakhs.  
•  Profit Margin: Up to 20%  
•  Franchise Apply Link: bigdealsupermart.com/start-your-franchise.  

9. Amul Ice Cream Parlour  

Amul is a brand that is quite reputable in India. Everyone likes it. Amul Ice Cream Parlour is one of the easiest and least risky franchise businesses to start up. The investment is small. The company provides you with branding and equipment.

And the best thing about it is that Amul does not collect any franchise fee or royalty. You just pay a security deposit that is refunded. You will be able to sell the entire range of Amul franchise products, ice cream scoops, milkshakes and pizzas.  

•  Franchise Fee: Nil (They deposit a security deposit of approximately 50,000 which is refundable)  
•  Royalty Fee: Zero Royalty (None)  
•  Investment Required: 5 Lakhs to 10 Lakhs.  
•  Profit Margin: ~ 25% – 30% on ice creams  
•  Franchise Apply Link: amul.com/m/amul-scooping-parlours.  

10. Apollo Pharmacy  

Another service-based franchise is Apollo Pharmacy. Health is always a priority, and Apollo is the largest and most reputable brand of pharmacy in Asia. Starting an Apollo Pharmacy is to offer a much-needed service. The Apollo name instills confidence in customers.

It is a serious enterprise requiring a bigger investment and a qualified pharmacist, but it is very stable. As with any Franchise in India, there will be good times and bad times for customers. The brand also provides strong support and advanced technology, making it a dependable business option.

•  Franchise Fee: ₹5 Lakhs – ₹10 Lakhs  
•  Royalty Fee: ~ 5% – 7%  
•  Investment Required: 30-60 Lakhs.  
•  Profit Margin: ~ 10% – 20% (net profit)  
•  Franchise Apply Link:https://www.apollopharmacy.in/contact-us (Get in touch with them on franchise issues)  

11. MBA Chaiwala  

The fame of MBA Chaiwala was due to the story of its founder. It developed since it provides a wonderful cafe experience. It is not a tea stand, it is a brand name, chai-preneur. They offer numerous varieties of tea, coffee and snacks in a cool and modern cafe environment. Young people and college students are very fond of it. They have a variety of models, a small kiosk up to a bigger dine-in cafe. The brand has a high presence on social media that has assisted in attracting customers.  

•  Franchise Fee: ~ ₹3 Lakhs – ₹5 Lakhs  
•  Royalty Fee: ~ 4%  
•  Investment Required: 8 Lakhs 25 Lakhs ( depending on the model)  
•  Profit Margin: ~ 20% – 25%  
•  Franchise apply link: thechaiwalah.in/  

12. TumbleDry  

Another good service franchise is TumbleDry. Small apartments are inhabited by many people in Mumbai. They lack space to have the washing machines or they are too occupied not to do the laundry. TumbleDry is a business dry-cleaning and laundry enterprise. As a growing franchise in Mumbai, they employ foreign machines and are reputed for quality service. The profit margin of this business is very high. Once the store is set up with the machines, the primary expenses include water, electricity, and soap. It is a need-based business that is expanding rapidly in large cities.

•  Franchise Fee: ₹2.5 Lakhs – ₹6 Lakhs  
•  Royalty Fee: ~ 5% – 10%  
•  Investment Requirement: 17 Lakhs -25 Lakhs.  
•  Profit Margin: It can be up to 50 per cent.  
•  Franchise Apply Link: https://tumbledry.in/contact-us-franchisee/  

The Checklist on How to Select the Right Franchise in Mumbai.  

Feeling excited? Great! But do not rush. The decision to select a franchise is a large one. The following is a basic checklist.  

Learning Step 1: Check Yourself First (Self-Check)  

• How much money can you invest? Be honest. Do not forget you will have to pay rent and salaries initially.  
• What are you good at? Are you good with people? A franchise in the food may be a good fit. Are you organized? A pharmacy or courier franchise would be preferable.  
• What do you love? You will work here daily. Loyalty to the product such as tea, waffles or laundry is beneficial.  

Step 2: Market Investigation (Look Around)  

•  Find a good location. Find a busy street, a mall, a location close to a college or a large office building.  
•  Check the competition. Do you have another large waffle store next to the location you would like? Perhaps you would want to select another one there.  
•  Ask: “Is there a need?” Is this a crowded area and there is no good laundry? TumbleDry could be a hit. Is it a college neighborhood that lacks a cool hang out place? MBA Chaiwala could work.  

Step 3: Learn the Brand (Do Your Homework)  

•  How old is the brand? How many outlets do they have?  
•  Do people like it? Check reviews of Google other stores.  
•  What support do they give? Do they help with training? Do they help with marketing? Good brands will support you.  

Step 4: Consult with Other Franchise Holders.  

This is the most significant step.  

•  located other individuals who own the same franchise. Contact them or go to their store.  
•  Be open and ask them to tell the truth: “Is the company helpful?”, “Are the profit figures real?”, “Was it difficult to start?”, “Would you do it again?

Step 5: Read the Agreement (The Legal Part)

You are going to be given a big and heavy legal document which is referred to as the Franchise Agreement.  

•  Don’t sign it right away. Read every page carefully.  
• Bring a lawyer or a financial expert and go through it with him or her.  

 Pay attention to:  

•  What is the total fee?  
•  What is the royalty fee?  
•  The duration of the agreement (5 years? 10 years?)  
•  What are the rules? (Are you limited to purchasing supplies with the franchisor?  
•  What is the means of terminating or quitting the agreement?  

Conclusion  

Mumbai is a city of dreams. Franchise is a good opportunity to make that dream come true to a new entrepreneur. It provides you with a sure way to prosper. You make your own boss, however, you are not alone. A trusted brand backs you. Food lover, like Wow! Momo, essential needs such as Amul ice cream, or smart services such as TumbleDry, there is an opportunity in your case.  

The trick is to research, select a brand that suits you, and work hard. Good luck!  

FAQs  

Which is the lowest priced franchise in this list?  

According to the amount of investment, Tea Time (approximately 5 lakh) and Amul (5-10 lakh) are the cheapest. The small model of DTDC is also cheap (less than 2 lakh).  

What is a “royalty fee”?  

This is a payment made to the franchisor on a monthly basis. It is normally an amount of your sales as a percentage such as 5 percent of your sales. There are other brands such as Amul and BigDeal Supermart that do not pay any royalty.  

Should I find my own shop location?  

Yes, you see in the majority of cases you have to search a shop. However, you are required to demonstrate the location to the franchisor, who should not reject it but should accept it.  

Is a bank loan available to purchase a franchise?  

Yes. Banks would like to lend to popular franchises since they consider it a safer business. Present your franchise deal to the bank so as to secure a business loan.