Indonesia to host franchise event next month
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Prospective franchisees and investors will have the opportunity to meet with international franchisors at a VF Franchise Consulting event in Jakarta from July 18–19.
VF’s CEO Sean T Ngo said foreign brands are eying the Indonesia franchise market because of its size and potential.
“Not only is food & beverage fast-growing, it is also a market that is very high potential for education and services franchises,” he said.
The invitation-only event, co-hosted by local partner IFBM, includes personal meetings with senior franchise executives of seven participating brands, which include F&B franchises Little Caesars, Texas Roadhouse, Brotzeit and Pronto; Hong Kong-based educational businesses The Edge Learning Centre and First Code Academy; and hygiene/disinfection firm Sureclean.
According to Ngo, there are already more than 1200 active Indonesia franchise companies operating, including both local and international groups. He noted that Indonesia continues to have one of the fastest-growing franchise industries in Southeast Asia.
Questions & Answers
Q.What types of franchises are foreign brands particularly interested in for the Indonesian market?
What types of franchises are foreign brands particularly interested in for the Indonesian market?
Foreign brands are showing strong interest in the Indonesian market, not only for the fast-growing food and beverage sector but also for the high potential seen in education and services franchises, according to VF’s CEO.
Q.Which international brands are expected to participate in the upcoming franchise event in Jakarta?
Which international brands are expected to participate in the upcoming franchise event in Jakarta?
Seven brands are scheduled to participate, including food and beverage franchises like Little Caesars and Texas Roadhouse. Educational businesses such as The Edge Learning Centre and First Code Academy, plus hygiene firm Sureclean, will also be present.
Q.Is the franchise market in Indonesia currently well-established or still developing?
Is the franchise market in Indonesia currently well-established or still developing?
The Indonesian franchise market is already quite well-established, with over 1200 active franchise companies operating. This includes a mix of both local and international groups, highlighting its significant growth.
Q.Who is co-hosting the invitation-only franchise event next month in Jakarta?
Who is co-hosting the invitation-only franchise event next month in Jakarta?
VF Franchise Consulting is co-hosting the event with IFBM, a local partner. This collaboration aims to provide prospective franchisees and investors with opportunities to meet international franchisors and senior executives.
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