The Republic of Chile is located in Southern America. The population of the country is 17.2 million with 89% living in urban areas. The main city, Santiago with 6.1 million citizens as well as the other large cities such as Puente Alto (573,935), Antofagasta (402,669), and Vina del Mar (324,836) provide the best opportunities for different franchise businesses.
Chile's stable market economy and free trade agreements make the country very attractive for foreign investments. Therefore, Chilean franchise market has been successfully growing since the late 80′s. Consequently 6 years ago there were 124 franchises working in Chile, 36% of those being from the U.S. Nowadays, the majority of franchises (82%) originate from five countries: Chile, the United States, Spain, Peru, and Argentina.
The best franchising opportunities can be found in such sectors as full-service restaurants, elderly services, branded clothing outlets, children services, hotel/motel, repair and cleaning services. Food industry is the most popular franchise sector in the country and makes up 39% of the entire market.
Among the challenges a franchisee can face starting own company are securing financing, finding affordable locations, and identifying employees.
There are high investment business opportunities, as well as cheap franchises in Chile presented for review, the choice is yours.
Currency: Peso (CLP, $)
Education Index (2015): 0,784
Official languages: Spanish
Per capita GDP (PPP): $25,891
Quality-of-life index (0-10): 7,1
Population: 17,57 mln
Total GDP (PPP): $481 billion
Ease of Doing Business Ranking, Rank: 56
Human Development Index (HDI): 0,843