Everyone knows that Filipinos love to eat. There are all kinds of restaurants, cafes, buffets, desserts, fast-food, ice cream and yoghurt, and fine dining restaurants everywhere. Indeed, the country is a food paradise.
While the food and beverage (F&B) industry is thriving in the Philippines, other franchise segments continue to grow as incomes and standard of living increase. Two segments that benefit from consumers’ increasing wealth are the education and services industries.
According to online market researcher Report Linker, the global private tutoring market is expected to reach over $201 Billion by 2026. Asia is projected to have the fastest growth with a projected market size of over $56 Billion during this period.
Education franchises fill the funding gap between public and private while offering potentially attractive financial returns. A nation’s educated workforce (and sustainable competitive advantage) of tomorrow begins today with its children.
Did you know that Canada is recognized worldwide for its top quality of education? One example is the International Canadian Academy (ICA). ICA was founded by Mr. Andre Nudelman, chairman of ICA and Entrepreneur in Residence at Stanford Graduate School of Education. He is also the former co-owner and president of Maple Bear Schools Latin America, with headquarters in Canada.
ICA has developed systems, knowledge and methods to empower learners to think creatively and critically, be inquisitive, and foster digital, personal and social competencies so that they can thrive in all aspects of their life. Comprehensive education programmes cater to Kindergarten, Primary and Secondary education levels. ICA Master Franchisees also has access to the Digital Media Academy, which was founded in 1999 in Silicon Valley by Mr. Nudelman.
Another underrated franchise sector is services. In fact, in many countries, the service sector drives the economy. It is commonly understood that a knowledge economy is key to any country’s long-term growth and success.
Take RGIS (Retail Grocery Inventory Services) for example. This global franchise from the USA is in 37 countries and provides a solution that many businesses require but are not necessarily good at doing themselves.
RGIS performs more than 174,000 stock takes globally per year for companies of all types and sizes. With proven successes in all aspects of retail, healthcare, manufacturing, and warehouse inventory, it is no surprise that more organisations trust RGIS to provide the information and insight they need to fully understand their assets and make better business decisions.
What also makes franchises like RGIS so popular is the lower investment requirements to become a master franchisee. Depending on the country, the minimum investment can be as low as $100,000 (about P5.38 million) as opposed to a McDonald’s master franchise, where the minimum investment is more likely to be $10 million (P538 million).
Whether it is the International Canadian Academy or RGIS, these are two of the best franchises in their segments. Both franchises have proven to be resilient to economic downturns and black swan events and a great way for investors and entrepreneurs to diversify their business holdings.
VF Franchise Consulting and U-Franchise are bringing these franchise brands and more from the United States, Canada, and Asia for confidential, one-on-one meetings on June 22 & 23, 2022. For more information register on https://www.ufranchiseasia.com/meet-and-match-intl-franchise-matching or contact Rowee Altura at +63 917 622 4745 or email firstname.lastname@example.org or Mandy Nguyen at email@example.com.
Sean T. Ngo is the CEO and Co-Founder of one of Asia’s leading franchise consultancy and brokerage, VF Franchise Consulting (www.vffranchiseconsulting.com). He is Asian American and has been based in Ho Chi Minh City, Vietnam, for over 17 years. You can reach him at firstname.lastname@example.org or email@example.com