Franchise opportunities in Nigeria

Popular franchise directions in Nigeria

List of franchises for sale available in Nigeria

Motorsport franchise
Motorsport - Franchise of racing club Investment from $97,200
Tenacious Techies franchise
Tenacious Techies - full service digital marketing agency franchise Investment from $2,000
PunctureSafe franchise
PunctureSafe - total tyre protection franchise Investment from $1,875
Mikel Coffee Company franchise
Mikel Coffee Company - Cafe Franchise Investment on demand
Verbatoria franchise
Verbatoria - Talents-By-Brainwaves Edutech Service For Children Franchise Investment from $4,990
9ROUND franchise
9ROUND - kickbox fitness centers franchise Investment on demand
Krispy Kreme franchise
Krispy Kreme - doughnuts and coffee store franchise Investment from $275,000
Choupette franchise
Choupette - kids clothing shop franchise Investment from $46,000
Bye Bye Nitz franchise
Bye Bye Nitz - lice treatment center franchise Investment on demand
Orangetheory Fitness franchise
Orangetheory Fitness - fitness centre franchise Investment from $488,405
Smoothie King franchise
Smoothie King - smoothie and juice bar franchise Investment from $269,550
Veronica's franchise
Veronica's - Agency Franchise Investment from $45,000
COLIZEUM franchise
COLIZEUM - Cyber Sport Arenas Franchise Investment from $58,900
The Deep VR franchise
The Deep VR - Virtual Reality Entertainment Centre Franchise Investment from $30,000
GREEN BAR franchise
GREEN BAR - Autonomous City Farms Franchise Investment from $8,168
Coffee Nefer franchise
Coffee Nefer - Coffee House Franchise Investment from $12,200
PANTIKA franchise
PANTIKA - Beauty and Health Laboratory Franchise Investment from $1,062
Baby Brain franchise
Baby Brain - Center for Additional Education Franchise Investment from $11,000
EcoMotive Hygiene franchise
EcoMotive Hygiene - Automotive Products Franchise Investment from $15,000
Cutmann Kids franchise
Cutmann Kids - the First Children's Barbershop Franchise Investment from $17,000
R:ED LAB franchise
R:ED LAB - Training Center Franchise Investment from $27,370
Mail Boxes Etc franchise
Mail Boxes Etc - Service Centers Franchise Investment from $83,000
Saber franchise
Saber - the First Men's Hairdressing Salon for Boys Franchise Investment from $17,550
Friendly English  franchise
Friendly English - English Language Studio Franchise Investment from $4,700

Attractiveness of Nigeria for the development of franchise business

The Federal Republic of Nigeria is rich on petroleum and petroleum products, cocoa, and rubber. Although the economy of the country is so far developing, the poor economic situation in Nigeria has been recently improved due to some useful reforms implemented by the government.

The most successful franchise businesses in Nigeria are transportation, movie, logistics, coffee, petrol stations, medical health care, educational services, restaurant and beauty. All in all the franchise market in the country brings annual revenue of one hundred billion dollars.

There are many foreign, mostly US, South African and European franchises, though the demand for international brands is still growing. To facilitate the development and promotion of franchise businesses in Nigeria a special organization called National Office for Technology Acquisition and Promotion was established. The purpose of it is to provide trainings for franchise stakeholders.

High population in the country creates two advantages for establishing a franchise, large consumer market and much workforce. Therefore, the most favorable cities for the business are Lagos (9 mln), Kano (3.63 mln), Ibadan (3.57 mln), Kaduna (1.58 mln), Port Harcourt (1.15 mln), Benin City (1.12 mln), Maiduguri (1.11 mln), Zaria (975,153), Aba (897,560), and Abuja (776,298). Taking into consideration that the biggest cities also host currently growing middle and upper consumer class, and the income of Nigerians is tending to increase, there are good opportunities for luxury foreign brands to enter the market.

The average franchise costs depend on the type and size of the business but on the average they are between $50,000 and $200,000 to establish.

There are high investment business opportunities, as well as cheap franchises in Nigeria presented for review, the choice is yours.

Indicators of Nigeria Business Market

  • Capital: Abuja

  • Currency: Naira

  • Education Index (2013): 0.425

  • Official languages: English

  • Per capita GDP (PPP): $6,351

  • Quality-of-life index (0-10): 4.74

  • Population: 185.990 mln

  • Total GDP (PPP): $1.166 trillion

  • Ease of Doing Business Ranking, Rank: 145

  • Gini: 43.0

  • Human Development Index (HDI): 0.514