Sri Lanka Franchise Business Opportunities. Sri Lanka’s first international franchise and trade show took place in 2013. The show will proved to be an interesting platform for Indian and International Franchise Brands looking to gain their foothold in South Asia without the risk and significant capital investment associated with direct establishment. Please also come to visit our popular Franchise Opportunities in Sri Lanka Blog Site with Videos, where you can Find, Offer or Search for more Franchise Information and Business Opportunities in Sri Lanka.
Sri Lanka Franchising Opportunity Today
Sri Lanka is an untapped market that matches perfectly with Indian franchisors’ cross border aspirations and locals of Sri Lanka who wants to start their own business. The key factors like geographical proximity, robust economy, liberal trade environment, transparent laws and higher growth prospects in the immediate future make the island country an ideal business destination. The world’s largest submarine sandwich chain, Subway officially opened its first store in Sri Lanka in 2014 and announced they would provide the opportunity for local entrepreneurs to open outlets under the franchise to rapidly grow its chain of stores throughout the country. The franchise-owner and the Chairman Subway Development (Private) Limited, Nathan Wills called on interested parties to register themselves with Subway.
Sri Lanka Franchising Business
Sri Lanka Franchising Scenario. The country’s franchising industry is in very early stages but the local business community is realising the benefits of franchise businesses. In absence of sector specific regulations, the local franchising business is governed by commercial laws like Exchange Control Act, the Intellectual Property edicts and possibly the Unfair Contract Terms Act. Several global food and beverage franchise brands like McDonald’s, KFC, Baskin Robins, Pizza Hut and Barista have presence in the country. The other sectors that hold promise include travel and leisure, education, beauty and fitness and apparels. In the past few years, a number of Indian players have entered the Lankan market while many are planning to launch franchised operations soon.