Last updated: April 2024
Interested in starting a business, but you couldn’t draft a business proposal that was even remotely possible?
You should consider starting a business that is already established, such as a franchise.
As a direct result of the pandemic, people were given the opportunity to take a step back, reflect, and readjust to the rapidly shifting conditions.
Because of the unexpected loss of their job, they found themselves with more time on their hands, and they decided to make the most of it.
With the money that they had put aside, a lot of people have started their own businesses.
If you want to build a name for yourself and start a business from scratch, it’s not a bad idea to consider doing so.
It is important to keep in mind, however, that setting up a business is an exercise in trial and error because you can never be sure whether or not customers will like the products you sell.
Continue reading to acquire knowledge regarding some of the best franchise businesses in Singapore.
Is Opening a Franchise a Good Idea in Singapore?
Franchising is a great option to get your business off the ground in Singapore.
Having a well-known brand name and the assistance of a well-established parent company can greatly increase your chances of success in franchising.
Is Franchising a Good Investment?
The question of whether franchises are a good investment may have crossed your mind if you’re a budding entrepreneur or perhaps a seasoned businessman looking to expand your portfolio.
Is it possible to make a career out of this? Definitely.
Purchasing a franchise as a means of launching a new business is a logical choice.
List of Franchise Businesses in Singapore to Be Your Own Boss
1. 7-Eleven
7-Eleven – Franchise Business Singapore
7-Eleven has provided aspiring business owners with a one-of-a-kind chance to invest in a well-known brand name in order to launch their own company ever since the company’s first franchised business opened for business in 1988.
With a 7-Eleven franchise, it’s easy to get started.
Those who are awarded a 7-Eleven franchise are provided with a free training program that lasts for three months and is designed to ensure that they are fully capable of managing the day-to-day operations of a 7-Eleven store.
Throughout their retail experience, franchisees can also reach out to the company’s Field Consultants for assistance.
Over fifty percent of 7-Eleven’s locations are run independently by individual franchisees, making the company multiple award-winning winners in the franchising industry.
7-Eleven is known for its successful business models and widely popular, high-quality products.
It’s no secret that 7-Eleven has embraced a culture of openness, innovation, and support for franchisees.
What Customers Say…
“7-Eleven has a clear direction that I believe in — there is a need to be different from our competitors, especially in terms of product differentiation. Singapore is the first to bring in products from Japan, which is very protective over its private brands. One of my stores has the highest sales of these products because we gave out samples — simple steps like these show that there is commitment to progress. 7-Eleven also has a way of getting people together. There is a lot of social interaction, a lot of meet ups and drinks, and they have always been very welcoming in that any time I have an issue, we can get together and talk about it.” – Mr. Richard Lim
| 7-Eleven Franchise Costs | Pricing |
|---|---|
| Initial Capital Investment | From $40,000 |
| Franchising Fees | $30,000 |
| Royalty Fees | Upon Request |
Services Available:
- Convenience Store
- Bill Payments
- Payment Modes
- Top up Services
- Cash Withdrawal
- Parcel Services
- ID Check
Head Office Address: No. 21 Tampines North Drive 2 #03-01, Singapore 528765
Contact: franchise@7-eleven.com.sg
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2. Mr. Bean
Mr. Bean – Franchise Business Singapore
Since its founding in 1995, Mr. Bean has grown to become the most successful soya bean f&b retailer in Singapore.
Over fifty of Mr. Bean’s stores can be found in Singapore and other Asian countries, where they offer a wide selection of soy-based beverages and snacks.
Treats like ice cream, cakes, and flavored soya drinks blended with ice can be enjoyed by people of all ages, including children and seniors.
Today, Mr. Bean is proud to operate under a robust business model that places a premium on meeting the requirements of its clientele.
At the same time, the company remains committed to investing in research in order to create new and healthy products that maintain the same level of nutritional integrity as its original offerings.
Mr. Bean has poised for rapid expansion in the region thanks to its management team, which is both visionary and dedicated.
In addition to Japan (Tokyo), Korea, and the Philippines, the company has plans to expand its presence in Asia.
Services Available:
- Food & Drinks
Contact: franchise@mrbean.com.sg
Read too: Where to Find Vending Machine Rentals in Singapore?
3. Wee Nam Kee Chicken Rice
Wee Nam Kee Chicken Rice – Franchise Business Singapore
Make money selling chicken rice every day because you’re in love with it so much! Now is your opportunity, so seize it.
The well-known Wee Nam Kee restaurant chain now provides a franchise opportunity that enables individuals to run a stall and a crew that sells its world-famous chicken rice.
This opens the floodgates for fans of chicken rice.
Wee Nam Kee, which first opened its doors in 1987, is particularly proud of the fact that it serves Hainanese Chicken Rice, which is widely considered to be one of Singapore’s most beloved and recognizable dishes.
It is because of Wee Nam Kee’s unwavering dedication to quality and culinary tradition that the Singapore government has commissioned the company to provide its world-famous chicken rice at numerous events held in other countries.
Wee Nam Kee has established franchise restaurants outside of Singapore since 2010 in the Philippines, Japan, and Indonesia.
| Franchise Costs | Pricing |
|---|---|
| Initial Capital Investment | $500,000 |
| Franchising Fees | Upon request |
| Royalty Fees | 5% to 10% |
Services Available:
- Food & Beverage
Address: United Square, Marina Square & 112 Katong; Makansutra Gluttons Bay @ the Esplanade
Contact: +65 6255 6396
4. Trung Nguyen Coffee
Trung Nguyen Coffee – Franchise Business Singapore
It appears that coffee shops in Singapore, despite Starbucks’ dominance, are a sound investment, as evidenced by the proliferation of new locations and brands.
For a product that is truly one of a kind, consider opening a Trung Nguyen Coffee franchise.
This will allow you to share the sophistication of Vietnamese drip coffee with jaded coffee lovers who are looking for a new kick in the pants.
Be aware, however, that the costs of starting a business can reach more than $200,000 U.S., so you might need to enlist the help of your entire coffee crew.
| Franchise Costs | Pricing |
|---|---|
| Initial Capital Investment | US$120,000 to US$200,000 |
| Franchising Fees | US$10,000 to US$20,000 |
| Royalty Fees | 3% to 6% |
Services Available:
- Coffee Shop
Address: 10 Anson Road International Plaza #01-31, Opp Watson, Level 1 left of the main entrance, Singapore 079903
Contact: +65 9785 0221
5. Founder Rou Gu Cha Cafeteria
Founder Rou Gu Cha Cafeteria – Franchise Business Singapore
Founder Rou Gu Cha Cafeteria “發起人肉骨茶”, one of Singapore’s most venerable eateries, has been serving up this special brand of comfort food for more than four decades, and it’s known for its crispy deep-fried fritters and hearty peppery soup.
It is believed that the original source of this dish is in Fujian, China where Chinese settlers brought it with them to sustain them through a long day of dock work.
You will be contributing to the preservation of a piece of Singapore’s hawker heritage if you decide to become a franchisee.
You will be saving this simple dish for further generations of people not only in Singapore but also in Hong Kong, Taiwan, and other parts of the world.
| Founder Rou Gu Cha Cafeteria Franchise Costs | Pricing |
|---|---|
| Initial Capital Investment | $200,000 |
| Franchising Fee | Upon Request |
| Royalty Fee | 6% |
Services Available:
- Food and Beverage
Contact: founderbkt@gmail.com
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6. Ya Kun Kaya Toast
Ya Kun Kaya Toast – Franchise Business Singapore
The Ya Kun Kaya Toast franchise is a franchise business brand that offers a one-of-a-kind concept for food and beverage service, and it comes with the exclusive rights to conduct business in a particular location or territory for a predetermined amount of time.
It is the goal of Ya Kun Kaya Toast to be a known brand in Singapore as well as Asia through the provision of delectable kaya toast and other traditional foods and beverages to everyone.
Since its humble beginnings as a small coffee shop in the 1940s, Ya Kun has become synonymous with serving exceptional kaya toast in addition to aromatic coffee and tea, all of which can be enjoyed in a welcoming atmosphere.
| Ya Kun Kaya Toast Franchise Costs | Pricing |
|---|---|
| Initial Capital Investment | Upon Request |
| Franchising Fees | Upon Request |
| Royalty Fees | N/A |
Services Available:
- Food & Drinks
7. Modern Montessori International
Modern Montessori International – Franchise Business Singapore
In spite of the fact that a great number of businesses have entered the early childhood educati