Myanmar’s franchise sector started in 2013 and now the country has nearly 65 foreign franchise companies working mostly in the largest cities. They are mostly from the USA, Singapore, Thailand, Malaysia, Indonesia, Philippines, Korea, and Japan. However, there are also home-based franchises available on the market which are highly popular among investors from all over the world.
Anyone who’s put some thought into buying a franchise business will quickly realize that there are countless franchise options available to choose from – from household names to brand new businesses to everything in between. If you’re not sure which franchise business to pick, it’s important to look at as many as possible so that you can make an informed decision.
Some of the foreign brands that are already in Myanmar are:
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If your dream involves owning your own business, buying into a franchise can be a convenient way to get started. As the franchise owner will already have a proven brand, products, price, and associated marketing materials ready for use, this allows you to sidestep many of the common pitfalls associated with starting a business from scratch. A good franchisor will even guide you on how to run the business on a day to day basis, which is great for those who lack business experience.
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