Turkish Franchising Association (UFRAD). Turkey Franchise Association – UFRAD is the first and single representative of franchising sector in the country. Start to read the Tips to Do Business in Turkey guide for professionals. And get information about Jobs in Turkey and employment news. First established in 1991, UFRAD’s main purpose is to build trust to the franchising system while improving and enlarging the sector. Today UFRAD has approximately 100 firms under its roof. UFRAD works to educate investors about the franchising system that was born in the United States by providing knowledge and information about legal, cultural, and financial matters to help companies to constitute collaborations either in Turkish market or international platforms. Turkish Franchising Association UFRAD continues to bring brands together and has reached trading volume of 35 million USD as of today. Because of its contributions to the franchising field, UFRAD has been confirmed as a member by World Franchising Council (WFC) and European Franchising Federation (EFF). It’s also chosen to be active at the board of directors of EFF. Please also come to visit our popular Franchise Opportunities in Turkey Blog Site with Videos, where you can Find, Offer or Search for more Franchise Information and Business Opportunities in Turkey.
Turkey Franchise and Business Trends
Turkey is an exciting country for international franchise growth and is considered one of the fastest growing and most attractive emerging markets in the world with an economy. There are 800 franchise brands that generate an annual turnover of $25 billion, 200 of which are foreign and 600 of them are of Turkish. Growing franchise sectors include: Restaurants, language training, children services, maintenance, healthcare and real estate. According to the Turkish Franchise Association, the word ‘franchising’ was introduced in 1986, when McDonald’s opened the first American fast food restaurant in Istanbul and sold its first franchise there in 1989.
Turkey Franchise Opportunities and Business Ideas
Turkish people prefer homemade foods. Until they get married, young men tend to stay at home, where their mothers continue to cook for them. The country would welcome more “name brand” retail franchisors. So far, the only service franchises to take hold are Jani King and Service Master. Turkish consumers are less enthusiastic about U.S. service brands. “Our young people who go to school in the States come back wanting burgers, not car repair shops. Lawn care is not one of our priorities and people who want maids already have them. As for senior care, we all live with our parents and would never turn them over to strangers.