Exploring the Booming Franchise Business Landscape in Malaysia
Franchise business has become increasingly popular in Malaysia over the past few years due to the country's strong economic growth and favorable business environment. Franchising offers a low-risk business opportunity for entrepreneurs who want to own a business without having to start from scratch. In Malaysia, franchising has become an important contributor to the country's economy, accounting for a significant portion of the small and medium-sized enterprises (SME) sector. The franchise industry in Malaysia has been growing rapidly, with the number of franchise brands increasing significantly in recent years. There are now over 1,000 franchise brands operating in Malaysia, ranging from food and beverage to retail, education, healthcare, and service-related businesses. The Malaysian government has been supportive of the franchise industry by providing various incentives and grants to encourage entrepreneurs to start their own franchises. One of the key benefits of startin...