Myanmar has been closed for nearly 60 years and opened to the world only in 2010 with its first successful democratic election. While closed, Myanmar didn’t get exposed to international brands like most every country. It has a blank slate to start from and if now open for business. Myanmar is primed for growth especially in the area of franchises.
Some very notable Franchises have entered Myanmar in the last couple years. Most are managed by large conglomerates like Pizza Hut from regional giant Jardine Restaurant Group or local heavyweights like Yoma Strategic Holdings who have opened KFC and expanding it rapidly. Besides the few U.S. brands there exist, there are a lot of Asia Brands that are jumping into Myanmar including prominent brands from Korea in Lotteria, Singapore in Yakun, Bread Talk, and Pasta Mania, and Malaysian favorite Marry Brown. “Why is this article suddenly making me hungry?”, you are saying to yourself. Yes, other franchises besides food have opened in Myanmar but very few. There are a lot of opportunities in Myanmar for smaller companies or individuals to establish franchises that have a lower barrier to get into, than the ones listed above.
Here are some franchise ideas that would take off quickly in the fast-growing Myanmar economy:
Coffee Take Away
Automotive Service Center
Small Package Delivery
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