franchises in Nigeriafranchises in Nigeria

Franchise opportunities in Nigeria

Popular franchise directions in Nigeria

List of franchises for sale available in Nigeria

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Gemotest  franchise
Gemotest - laboratory franchise Investment from $ 12,000
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Southern Fried Chicken franchise
Southern Fried Chicken - restaurant franchise Investment from $ 322,850
Funtopia franchise
Funtopia - family entertainment centers franchise Investment from $ 629,674
Tapout Fitness franchise
Tapout Fitness - martial arts franchise Investment from $ 130,000
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Questoria franchise
Questoria - organize birthdays franchise Investment from $ 3,140
BNI franchise
BNI - Business Network International Franchise Investment from $ 65,000
9ROUND franchise
9ROUND - kickbox fitness centers franchise Investment on demand
Nutty Scientists franchise
Nutty Scientists - spectacular interactive activities franchise Investment from $ 45,000
Jour franchise
Jour - healthy restaurant chain franchise Investment from $ 336,942
al Mamà Bistrot franchise
al Mamà Bistrot - restaurant franchise Investment from $ 135,000
Dietplus franchise
Dietplus - healthcare coaching franchise Investment from $ 56,000
Danube Home franchise
Danube Home - furniture & home accessory franchise Investment from $ 400,000
Krispy Kreme franchise
Krispy Kreme - doughnuts and coffee store franchise Investment from $ 275,000
KIO DA franchise
KIO DA - retail shops chain franchise Investment from $ 139,000
Los Pollos franchise
Los Pollos - chicken barbecue franchise Investment from $ 175,980
TUCANO COFFEE franchise
TUCANO COFFEE - coffee shop franchise Investment from $ 84,600
Russian Ballet franchise
Russian Ballet - choreographic schools franchise Investment from $ 7,500
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Cleanbros franchise
Cleanbros - cleaning сompany franchise Investment from $ 16,200
Jack Hiker franchise
Jack Hiker - backpacks franchise Investment from $ 1,470
Mosigra franchise
Mosigra - board game store franchise Investment from $ 16,700
PrintBar franchise
PrintBar - clothing production with custom design master franchise Investment from $ 168,000
Sun Studio franchise
Sun Studio - UV-printing center franchise Investment from $ 50,000
MINIBOSS franchise
MINIBOSS - business school franchise Investment from $ 2,820
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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