Most franchise locations in the world: Where to set up franchises to make the most profit

business

Credit: peepo

Franchising is a type of business strategy any entrepreneur can leverage, making it one of the best ways for them to make money while expanding their horizons. However, expanding and growing your business in this way requires intense attention and planning.

For beginners who are thinking of jumping into this endeavor, there are things you need to know before moving forward. Planning for the strategic location, franchise program, operational costs, and more are some of the tasks you need to consider. You can do a cost analysis at franchiseknowhow.com to help you get started.

Finding a strategic location where you can set up franchises is a rigorous task. Here are some of the best locations in which to set up profitable franchises:

  1. Amsterdam, Netherlands

Amsterdam, Netherlands is an attractive place to expand your business through franchising. It is  a recommended place to start a business because of its population size and strategic connection with the rest of Europe.

Here are some samples of businesses to franchise in The Netherlands, particularly Amsterdam:

  • Fast food chains – McDonald’s, Burger King, Taco Bell, and Wendy’s
  • Hotel and restaurants – Marriott International, InterContinental Hotels and Resorts, and Hilton Hotels and Resorts
  • Retail sectors – 7-Eleven, Carrefour, Groupe Casino, and Groupe Auchan
  1. Stockholm, Sweden

Sweden offers vast opportunities for international and foreign franchisors, particularly in retail, consulting, and the restaurant sector. Stockholm is the largest city in Scandinavia, and the opportunities that the city offers for franchise businesses are endless.

According to the Sweden Franchise Association, the interest of Sweden in franchising is increasing. This is a crucial point to note when planning to start a business, especially franchising. Here are some of the gathered data from their survey:

  • In a 2016 census, approximately 800 franchise chains are being managed by more or less 33,000 franchisees.
  • In 2017, the number continually increased, employing more than 144,000 people in Sweden.
  • Franchising is mostly popular in retail industries, hotel and restaurant, and the service sector.
  • Among the well-known American franchise companies operating in Sweden are McDonald’s, Burger King, Pizza Hut, 7-Eleven, Starbucks, and more.
  1. Hong Kong

With the benefit of the free and service-oriented economy, the interest in opening a franchise business in Hong Kong keeps rising. Typical types of franchise business that have been successful in Hong Kong are fast-food chains, catering, retail, and service companies.

  1. Dublin, Ireland

The franchising situation in Ireland is a generally-accepted sector as per Franchise Direct, making its growth soar high. New franchisees keep on establishing their businesses through new non-Irish franchises entering the market.

Franchise businesses such as McDonald’s, Eddie Rockets, Nando’s, Pizza Hut, Zipyard are just a few examples. Dublin as a city in Ireland is a great place to expand your business as it provides a business-friendly environment.

  1. Toronto, Canada

Canada has always been supportive of any business opportunities, one of which is franchising. The Canadian Franchise Association continues to educate and help citizens who wanted to learn more and invest in franchising. Canada has many world-renowned and emerging international brands, such as Tim Horton’s, Subway, McDonald’s, KFC, Dairy Queen, and so much more.

Toronto is a global city with vast opportunity in franchising in the field of restaurants, exotic food trucks, specialty boutiques, and more.

  1. Singapore, Singapore

In many ways, the Lion city offers outstanding opportunities for any franchise brand. Geographically speaking, Singapore has the most strategic location to set up your franchise business, and the ease of entry is as well an advantage for a vying franchise companies because registration is not needed to operate, according to a franchise report from Franchising.com.

Because of the easy entries, franchisors such as Jollibee, Potato Corner, Goldilocks, Max’s Restaurant, Bench, and more are popular in Singapore.

  1. Aberdeen, United Kingdom

The UK is a franchise-friendly country with a vast population, and legal friendly environment that is a plus for franchise development. Aberdeen is the third-largest city in Scotland, according to WorldAtlas, which can be a strategic location to set up your business and link with the international networks.

Famous brands in the UK includes McDonald’s, Subway, Kumon, KFC, Europcar, Pizza Hut, Burger King, Jani-King, and many more.

The Bottom Line

In setting up a franchise business, it is essential first to determine the location where it should be situated. In looking for a strategic place to physically position your company, one must consider the barriers as well as the market attractiveness. Unfortunately, the demand for each country may vary because of the factors that affect people’s choices. Thus, depending on the product or service you offer, the location of your business must as well match with it.

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25.


The book, with additional reporting by Zach Pereles, Scott Ratcliffe and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018, and how coach Tony Bennett and his team used that loss as the source of strength, through to the ACC regular-season championship, the run to the Final Four, and the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.
 
augusta free press

Related Content

Shop Google


Comments

%d bloggers like this: