Franchise Sector Grows

The number of entrepreneurs who like taking risks is gradually increasing in Turkey, where 800 brands have franchises, according to data from the Turkish Franchise Association. One in every two people wants to go it alone.

Franchise sector grows Despite the economic crisis the franchise sector has continued to grow in Turkey.

The sector, which has grown rapidly over the last eight years, has reached a global volume of $35 billion.

In Turkey, 800 brands issue franchise rights at present, according to data from the Turkish Franchise Association, or UFRAD. In 2000, there were 150 brands authorizing franchises. Among the rise are 600 Turkish brands.

Published: December 1st, 2008

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