Nepal is Going to Become the Next Franchise Hub for Indian Companies
Nepal is known for its large pool of capable workers and relatively low cost of labor. Nepal is ranked 2nd after Bhutan among south Asian countries in the “Ease of Doing Business Report 2016” by the World Bank Group. Foreign investors are allowed 100% ownership of a company in a majority of sectors.
Nepal is targeting to graduate from the least developed country (LDC) status to a developing country status by 2022 and aims to become a middle-income country by 2030.
This looks promising as it reflects the tremendous opportunity for the aspiring businessmen and entrepreneurs to help in the growth of the country.
Here is the list of potential franchise business one can start with:
Travel & Tourism Franchise Business
Nepal is known for its scenic beauty and is home to the Himalayas and many rivers that flow through it. It is also known for religious places, which lie in the heart of the country. These are the reasons, every month hordes of travelers visit the country. Also, because of these reasons a lot of travel & tourism companies are willing to start their franchise business in Nepal and are looking for potential franchisees.
One can leverage the opportunity by taking up a travel & tourism franchise business, which will include cab services, hotels & hospitality services, and offering travel package services among many.
Retail Franchise Business
Retail stores are considered as the binding factors of any locality; people come to the retail stores not just to buy their everyday requirements but also increase connectivity in the locality, which is why there is demand for retail units in almost every street of the locality.
Other than just the travelers, the local people also need their everyday items like grocery, household things and this is the reason why retail franchise business will sky-rocket in Nepal.
Restaurant Franchise Business
Food lovers and foodies can be found everywhere but when the people see and read in advertisements or about a particular food or restaurant brands doing good in the world except for their city or country, like Dominos or KFC or McDonald's etc., there are huge chances that the brand's franchise will do great in Nepal.
Other than just fast food franchises, even renowned dining restaurants will also do good since the taste and flavors of India and Nepal complement each other quite well.
If you want to showcase your brands to business seekers, click here https://www.franchisenepal.com/ to get registered and connected with the largest ever franchise investment expo & conclave in Nepal.