The most dynamically developing business areas are information technology, telecommunications, textile, food, chemical, health and pharmaceuticals, international and financial services, software production, e-commerce.
The annual turnover of franchise businesses in the Republic of Ireland exceeds €2.4 billion.
The Irish franchise industry has created 4,086 operating franchise units and 42,927 full-time equivalent franchise jobs.
Dublin (527,612), Cork (125,657), Limerick (94,192), Galway (79,934), and Waterford (53,504) are the largest cities so in common they have the most attractive business opportunities for franchise companies.
The types of franchise businesses that exist in Ireland are varied with over half in the service sector and one-third in the retail sector. In terms of the business area in which franchise owners operate, the food and drink industry is the most popular.
When looking at the origin of franchise companies operating in Ireland, the UK has overtaken the US as the dominant player, accounting for over one-third of the market. An interesting finding is that new entrants from other countries such as Australia, Spain, and the Far East have established themselves in the Irish franchise market.
The average initial franchise fee for buying a franchise in Ireland is €24,638. The research also shows that the average working capital for setting up a franchise business in Ireland is €21,873 and the total set-up cost is an average €124,330.
There are high investment business opportunities, as well as cheap franchises in Ireland presented for review, the choice is yours.
Currency: Euro (€)
Education Index (2013): 0.887
Official languages: Irish, English
Per capita GDP (PPP): $72,632
Quality-of-life index (0-10): 7.74
Population: 4.773 mln
Total GDP (PPP): $345 billion
Ease of Doing Business Ranking, Rank: 17
Human Development Index (HDI): 0.923