Czechia is located in the heart of Europe. The country has 10,58 mln citizens plus 9,321,000 international tourist arrivals each year. Czechia has the lowest unemployment levels (2.8%) in the European Union and promising market economy which much depends on exports of automobiles.
The main cities are Prague (2.16 mln), Ostrava (1.16 mln), Brno (810,000) create the most favorable opportunities for different businesses and the demand for various franchise services.
Franchise market in Chezia is quite young. Each year it gives 10% growth. According to the Czech Franchise Association in 2016 there were 280 franchised companies.
Many domestic franchise concepts are expanding rapidly and they make up to 58 % of the whole market in the country. The rest 42 % are foreign franchise systems.
The most successful sectors from the very beginning of franchising have been service and retail ones. In particular, convenience stores and groceries such as Daily Fresh Stores, My Shop or Žabk are quickly expanding all over the market. The competition within many franchise businesses related to services and retail is really tough. However, unusual and interesting concepts are welcome.
For the last time such sectors as real estate, healthcare, beauty and wellness services are becoming really popular too.
There are high investment business opportunities, as well as cheap franchises in the Czech Republic presented for review, the choice is yours.
Currency: Czech koruna (CZK, Kč)
Education Index (2015): 0,878
Official languages: Czech
Per capita GDP (PPP): $39,337
Quality-of-life index (0-10): 6,96
Population: 10,61 mln
Total GDP (PPP): $417 billion
Ease of Doing Business Ranking, Rank: 35
Human Development Index (HDI): 0,888