Franchise opportunities in Jamaica

Attractiveness of Jamaica for the development of franchise business

Jamaica is an island country in the West Indies washed by the Caribbean Sea. The country`s main assets are bauxite, agriculture and also tourism. The exports of Jamaica include refined petroleum, aluminum ore, hard liquor, and cassava.

The economy of the country is slowly but steadily developing. In 2016 Jamaica’s GDP increased by 1.4% and the poverty reduced to 20%, the average monthly net salary was $524. The government has implemented several reforms to improve the investment climate within the country. Therefore, Jamaica is becoming seductive for both foreign and local investors.

Kingston gives the best opportunities for investments for some reasons; it is the most populated city with well-developed sea infrastructure and the most attractive place for tourists in the country.

2.8 mln tourists visit the country annually; most visitors arriving in Jamaica are from the USA, UK, Canada, and Germany.

One of the most successful economic industries of Jamaica is IT. The country has high achievements in mobile technologies development, which could be of interest for foreign investors.

Franchising is just beginning to gain traction in Jamaica, thus the market is available for new brands. From those franchise businesses operating in the country accounting, food, automobile sales and rental, and training services are worth mentioning. The average franchise fee is $35,000.

There are no specific laws, which control or constrain the growth of franchise business in the country. To get the rights to operate a franchise, the franchisee has to register a local company.

There are high investment business opportunities, as well as cheap franchises in Jamaica presented for review, the choice is yours.

Browse franchise List in Jamaica

Indicators of Jamaican Business Market

  • Capital: Kingston

  • Currency: Jamaican dollar

  • Education Index (2013): 0.668

  • Official languages: English

  • Per capita GDP (PPP): $8,991

  • Quality-of-life index (0-10): out of list

  • Population: 2.651 mln

  • Total GDP (PPP): $25.437 billion

  • Ease of Doing Business Ranking, Rank: 70

  • Gini: 45.5

  • Human Development Index (HDI): 0.719

Popular franchise directions in Jamaica

List of franchises for sale available in Jamaica

RAMEN IROHA franchise
RAMEN IROHA - Ramen shop franchise Investment from $ 45,000
Dietplus franchise
Dietplus - healthcare coaching franchise Investment from $ 56,000
9ROUND franchise
9ROUND - kickbox fitness centers franchise Investment on demand
Southern Fried Chicken franchise
Southern Fried Chicken - restaurant franchise Investment from $ 322,850
Tea Valley 茶食坊 franchise
Tea Valley 茶食坊 - restaurant franchise Investment on demand
Tapout Fitness franchise
Tapout Fitness - martial arts franchise Investment from $ 130,000
Ben's Soft Pretzels franchise
Ben's Soft Pretzels - bakery franchise Investment from $ 107,200
Canadian Services Centre franchise
Canadian Services Centre - visa support franchise Investment from $ 55,000
Smart Refinery Technologies Group franchise
Smart Refinery Technologies Group - oil refineries franchise Investment from $ 500,000
Carl's Jr. franchise
Carl's Jr. - restaurants franchise Investment from $ 1,375,000
BrightStar Care franchise
BrightStar Care - home health care franchise Investment from $ 94,618
Buddy's Home Furnishings franchise
Buddy's Home Furnishings - home furnishings franchise Investment from $ 385,166
Boulder Designs franchise
Boulder Designs - custom made landscape design franchise Investment from $ 86,495
Camp Bow Wow franchise
Camp Bow Wow - Dog Daycare & Boarding Franchise Investment from $ 783,500
Capriotti's Sandwich Shop franchise
Capriotti's Sandwich Shop - Restaurant Franchise Investment from $ 365,000
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