Franchise opportunities in Singapore
Attractiveness of Singapore for the development of franchise business
A city-state Singapore is located in Southeastern Asia. The city with well-developed free-market economy is the focus for Southeastern Asian sea routes and has the busiest port in the world. Singapore is considered to be number one country in the world for ‘Trading across Borders’ due to open market, open port, and favourable conditions for foreign investors. All the mentioned above provide the opportunities for successful development of franchise businesses in the city.
There are also some drawbacks, for example, Singaporeans are among the highest paid employees in the world (the average monthly net salary is S$3,557) and the franchise fees are rather high, about S$50,000.
Franchising in Singapore contributes more than S$8 billion to the economy. 500 different types of franchises deal with food, healthcare, education, training, business services and retail.
The market is saturated with international franchises. United States is the leader of the market but many other successful franchise companies from Malaysia, China and European countries operate in Singapore.
Browse franchise List in SingaporeIndicators of Business Market in Singapore
-
Capital: Singapore
-
Currency: Singapore dollar
-
Education Index (2013): 0.768
-
Official languages: English, Malay, Mandarin, Tamil
-
Per capita GDP (PPP): $90,724
-
Quality-of-life index (0-10): 8.00
-
Population: 5.607 mln
-
Total GDP (PPP): $508.449 billion
-
Ease of Doing Business Ranking, Rank: 2
-
Gini: 46.4
-
Human Development Index (HDI): 0.925
List of franchises for sale in Singapore
500 000 $ Submit request
45 000 $ Submit request
3 140 $ Submit request
Popular franchise directions in Singapore
-
Franchise
Cafe -
Food
Franchise -
Consulting
Franchise -
Franchise
Education -
Entertainment
Franchise -
Сleaning
Franchise -
Travel
Franchise
