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Myfranchise

🤝We want to build a healthy franchise market!

MyFranchise is a platform that solves the issue of asymmetric information between franchisors and prospective entrepreneurs, and also connects business partners well-suited to each other.

In 2018, South Korea's business closure rate of the self-employed was 89.2%, and in the case of franchises, the rate was over 50%. Despite the difficult circumstances, the number of people starting franchise businesses is increasing.

Why is the franchise market so difficult even when the prospective entrepreneurs are actively searching for franchise opportunities and the franchisors are struggling to look for potential entrepreneurs?

In South Korea, there are over 6,000 franchise brands. It is a vast number to search for every one of them. Even when you find the right information it may be difficult to understand.

MyFranchise started by collecting scattered information for prospective entrepreneurs and neatly organizing them for easier reference and comparison between brands.

For franchisors that are having difficulty finding potential entrepreneurs and managing franchises, we are also considering their position so they can easily advertise and manage their brands.

Now, we are just at our first steps, but we hope to grow as a service essential to prospective entrepreneurs and franchisors.

MyFranchise will be making fresh changes to the franchise industry, so please look forward to it!

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