Are you looking to start a new business in Chandigarh and searching for the best opportunities? Whether you’re an experienced entrepreneur or beginner to the business world. In our business name list We have included opportunities suitable for all. From traditional ventures to modern startups in Chandigarh, we cover a diverse range of options to help you succeed in Chandigarh’s dynamic market.
Flower Shop Business, Fast Food Corner, Beauty Parlour, Coffee Shop and many more are profitable businesses in Chandigarh. Investment to start a new business in Chandigarh budgets ranging from 50000, 1 to 2 lakhs, under 5 lakhs, to up to 10 lakhs.
Is Chandigarh a Good Place to Start a Business?
Yes, Chandigarh can be a good place to start a business for several reasons:-
- Chandigarh city is the capital of the territory and of the states of Haryana and Punjab., is known for its rich cultural heritage, scenic lakes, and vibrant culinary scene, blending historical charm with modern development.
- The business ecosystem in Chandigarh is burgeoning, fueled by a diverse mix of industries including manufacturing, IT, education, and healthcare, amidst a backdrop of supportive government policies and infrastructure development.
- Chandigarh people, as consumers, exhibit a discerning taste for quality and value, reflecting a blend of traditional preferences and modern aspirations.
Have a look on Future Business Ideas In India.
Best Small Scale Business Ideas in Chandigarh 2024
Top 10 innovative and unique small business ideas in Chandigarh with high profit in low investment.
1. Flower Shop Business
Flowers play a vital role in our everyday life, being used in religious rituals, marriage, or any other ceremonies. Starting a flower show business is one of the best business ideas in Chandigarh, it is one of the profitable business ideas.
| Investment | ₹80000- ₹100000 |
| Resources | Licence, flower from reliable distributors, storage space, office space/store, reliable staff, packaging materials, etc |
| Market Demand | Licence, flower from reliable distributors, storage space, office space/store, reliable staff, packaging materials, etc |
| Profit Margin | 30%-50% |
2. Fast Food Corner
Chandigarh is known for its food, people love street food, and you can find lots of tasty snacks and food in the street at affordable prices. Starting a fast food corner in Chandigarh is one of the best business ideas.
| Investment | ₹4 lakh – ₹5 lakh |
| Resources | FSSAI Licence, Store/Location, Raw Materials, Kitchen Appliances, Cutting Machines, Equipment and Machinery, Reliable Staff, Chairs, tables, furniture etc. |
| Market Demand | As per estimates, the Indian food service market will exhibit a CAGR of 11.19% by 2028. |
| Profit Margin | 30% – 40% |
3. Fruit Juice Kiosk
In most parts of Chandigarh, the temperature remains warm. with longer summers and shorter winters because of climate change. When it’s hot, fresh juice helps you refresh. Starting a fruit juice corner is one of the best business ideas in Chandigarh.
| Investment | ₹5 Lakhs – ₹10 Lakhs |
Resources | Licence, space/store, fresh fruits, glasses and containers, juice makers, chairs and tables, efficient staff, etc. |
| Market Demand | The Indian fruit juice market will grow at CAGR of 2.92% from 2023-2027. |
| Profit Margin | 60%-70% |
4. Beauty Parlour
Starting a parlour business is one of the best business ideas in Chandigarh city. To start this business there is no need for a big investment, you can start this business from your own home. If you have enough space at home and a good sense of makeup you can easily attract customers. By starting this business You can easily make a good profit.
| Investment | ₹50000 to ₹60000 |
Resources | Shops and Establishments Act registration, Trading licence, Rent out location, Buy the equipments and products, Hiring Staff. |
| Market Demand | The personal grooming sector in India will acquire a value of ₹ 20 lakh crores in 2023. Furthermore,it will grow at a CAGR 3.8% from 2023-2027. |
| Profit Margin | 25% – 35% |
5. Yoga and Fitness Centre
Opening a Yoga and Fitness Centre can be one of the great business ideas in Chandigarh. If you enjoy doing yoga and are passionate about teaching it to other people, starting your yoga centre is one of the best business plan in Chandigarh. Right now, The yoga and fitness industry is doing well, so it is a lucrative option.
| Investment | ₹4 Lakh – ₹6 Lakh |
Resources | Decide Studio/Centre and best location, obtain relevant licenses and implementing marketing strategy. |
| Market Demand | The health and fitness studio market holds a value of ₹572600 crore (approx.) globally. Over the next 5 years, it is expected to have a CAGR of 11.86%. |
| Profit Margin | Minimum of 20-30% per annum on total revenue. |
6. Homestays/Paying Guests/Hostels
Chandigarh has become one of the popular tourist destinations, every year large number of tourists come to Chandigarh from different parts of the world. Apart from this, there are lots of Indians who also move from one city to another city for education and jobs. Therefore, starting a hostel and home rental business is one of the high returns for small businesses.
| Investment | Approx 15 Lakh |
Resources | Well-furnished rooms, licence, electricity and water supply, caretakers, furniture, geysers, air conditioners, etc. |
| Market Demand | The travel and tourism sector in India will progress at CAGR of 13.47% from 2023-2027 and presently has a market value worth ₹1.5 lakh crores (approx). |
| Profit Margin | 15%-20% |
7. Restaurant Business
In Chandigarh Starting a restaurant business is one of the profitable business ideas. But starting a restaurant business is not easy, especially if you are a newcomer. Before starting a restaurant business, analyse your budget and risk. You can contact us for business consultation.
| Investment | Up to ₹20 Lakh (Depending on the size of the restaurant) |
| Resources | FSSAI licence, location/space, machines and equipment, trained staff, furniture, decor items, raw materials, kitchen equipment and utensils, active and responsive social media handle |
| Market Demand | The food service market in India is expected to grow at rate of 9% and acquire an attractive market value worth ₹5.9 lakh crore in 2023. |
| Profit Margin | 40% – 60% (Depending on the quality of food and services and season) |
8. Coffee Shop
In recent years the coffee business in Chandigarh has experienced a significant transformation, reflecting changing consumer tastes and the emergence of a vibrant café culture. This transformation has primarily been changed by Chandigarh’s youthful population, rapid urbanization, and the expanding middle class, with disposable income. So starting a coffee shop business is one of the best business ideas.
| Investment | ₹10 Lakhs – ₹20 Lakhs. |
| Resources | Licence, space/location, raw materials, chairs and tables, trained staff, coffee grinder, coffee machine, etc. |
| Market Demand | The current report says, it is one of the fastest growing sectors valued at ₹4540 crores. Additionally, from 2019-2024, this sector will further exhibit a CAGR of 12%. |
| Profit Margin | 93.5% gross profit/cup of coffee. |
9. Handicraft
Today’s online shopping has become incredibly convenient, starting a handicraft business with minimal money. By learning online platforms you can change your hobby into a business. Lots of People want unique and personalised products, that’s why the demand for handmade products is always very high. So, starting a handicraft business in Chandigarh is one of the best business plan.
| Investment | ₹1.5 Lakh to ₹6 Lakh |
| Resources | Textiles or leather, wood, metal, clay, horn, glass, stone, paper or canvas, vibrant colours, etc. |
| Market Demand | The Indian handicraft market will grow at CAGR of 7.7% from 2023 to 2028. |
| Profit Margin | ₹35000 to ₹50000 monthly |
10. Bakery Business
Baking and selling sweets looks like a charming business idea in Chandigarh, but starting a bakery business is not if you have proper skills and knowledge. If you want to start a bakery business, make sure your product tastes loved by the crowd. Before starting a baking business it is important to do proper market research.
| Investment | ₹20000 – ₹50000 |
| Resources | A workspace, freezer, grinders and processors, oven, display boxes, packaging supplies, skilled labour, social media presence, etc. |
| Market Demand | Indian bakery business will gain CAGR of 7.28% between 2021 and 2027, reaching a value of ₹13000 crore. |
| Profit Margin | 50,000 to 1.5 lakh |
Conclusion
Chandigarh is one of the modern and developed cities in India, it is one of the fastest-growing urban centres, so there are lots of opportunities for people. If you are thinking of starting your business in Chandigarh there are lots of business ideas in Chandigarh that you can explore. Whether it’s a new business idea or a local business idea, the city provides equal opportunities for both. Whether you are interested in small business ideas in Chandigarh or new business ideas in Chandigarh their growing economy welcomes everyone. To achieve business success it is very important to do proper market research to find the best business idea in Chandigarh. Whether you want to start a technology-related business or any other service, understanding the local market is very important to identify the best business to start in Chandigarh. It will help you to build a successful business in Chandigarh.
FAQs – Business Idea in Chandigarh:
How can I find the best business idea in Chandigarh?
To find the best business idea in Chandigarh, you have to do proper market research and understand the local market.
Can I start a small business in Chandigarh under 50,000?
Yes, there are lots of business ideas that you can start with under 50,000 such as restaurants, Fast food corner, Fruit Juice Kiosk, and others.
Starting a business in Chandigarh is a good idea?
Chandigarh is the capital of two states Punjab and Haryana as well as it is Territory and governed by the central government. Chandigarh has a high-quality infrastructure so it one of the best places to start your business.
