Franchise Opportunities in Bangladesh
Popular franchise directions in Bangladesh
Attractiveness of Bangladesh for the development of franchise business
Bangladesh is a densely-populated country located in South Asia, there are 164,7 million people living mostly in rural area (more than 63%).
The economy of the country was previously heavily dependant on agriculture. Nowadays, Bangladesh offers great opportunities in the energy, transportation, environmental and manufacturing sectors for domestic as well as foreign companies.
The largest cities of the country Dhaka (14.4 mln), Chittagong (4 mln), Khulna (1.3 mln), Rajshahi (0.76 mln), Comilla (0.39 mln) provide plentiful consumer demand which means diverse opportunities for franchise businesses.
Besides, there are several benefits which make Bangladesh attractive for running own franchise business such as low-cost labour force and no regulations barring franchise operations. Therefore, franchising is flourishing in the country. The most rapidly developing franchise companies can be found in Automotive, Beauty and Health, Education, Fashion, Food and Beverages, Hotel, Travel & Tourism and Fitness, etc.
Bangladesh is a developing country with a growing middle class. Thus, the latest products from branded companies have not been popular among Bangladeshis so far.
So, such companies like Sbarro Inc., Global Academy, Gym 99, Johnny Rockets, Kentucky Fried Chicken, Pizza Hut, Burger King, and others which offer affordable goods and services successfully operate their franchises in Bangladesh.
There are high investment business opportunities, as well as cheap franchises in Bangladesh presented for review, the choice is yours.
Indicators of Bangladeshi Business Market
Currency: Taka (BDT, ৳)
Education Index (2015): 0,457
Official languages: Bengali
Per capita GDP (PPP): $4,561
Quality-of-life index (0-10): 5,07
Population: 162,95 mln
Total GDP (PPP): $751,949 billion
Ease of Doing Business Ranking, Rank: 176
Human Development Index (HDI): 0,608