Indonesia franchise matching event scheduled for next month
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.