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Franchises in Malaysia
Starting a business from a scratch nowadays is never easy. A lot of time and resources are needed to research the industry and the market before we even start the business. Because of this, many people will then opt for buying a franchise. This begs the question,
Which industry should I opt for when I am buying a franchise?
The most sought after franchise will always be Food & Beverage, because it seems promising enough. It is promising because of the idea of that food will never run out of demand, everyone in the market needs food everyday.
So logically speaking, demand in the food industry will never run out, or does it?
Being the most sought after industry, the Food & Beverage industry is now overcrowded to say the least. With so many food chains on the street, competitions are at an all time high.
The demand of market never runs out, but the supply significantly outweighs the demand in the Food & Beverage sector.
Source: Franchise Business Review, based on CNBC international franchisee survey results
The table above shows the international average income from the franchise industry. We can see that Food & Beverage has the highest number of franchisee, which means competition is very high and that education sector ranks the second in average income.
Most people generally would not know much about the Education industry due to the fact that it got overshadowed by Retail and Food & Beverage. But currently, the education sector is one of the fastest growing sector in Malaysia.
There Are Plenty Of Market In The Education Industry
Tables above shows the amount of students in Malaysia
As you can see that there are about 5 million students in Malaysia.
Having said all of that, what kind of business has the most potential for growth and expansion in the education sector?