Franchise market grows 18.3% in the third quarter

2023-12-11 12:36:13

According to the Brazilian Franchising Association (ABF), the franchise market in Brazil recorded growth of 11.4% in the third quarter of 2023, compared to the same period last year. The sector’s revenue in this period was R$62.676 billion, an increase of R$6.4 billion.

Growth was driven by several factors, such as the recovery of the Brazilian economy, consumer confidence and the search for lower-risk businesses. The franchise sector has also adapted well to the changes imposed by the pandemic, with the use of new technologies and the development of more flexible business models.

Also according to the Brazilian Franchising Association (ABF), the Brazil is the fourth largest franchise market in the world, with more than 1.6 million direct jobs created. The sector represents 3.8% of Brazilian GDP.

The services sector, one of the most dynamic in the Brazilian franchise market, recorded growth of 11.8% in the 3rd quarter of 2023surpassing segments such as education, fashion and tourism.

Amid this growth scenario, technology companies, such as NextGo Card, have found new paths for expansion. Founded in 2020 by brothers Jonatas Moreira and Israel Miranda, in Belo Horizonte-MG, the company already has 8,237 franchisees, with revenue in 02 years of more than R$30.5 million in its franchises.

Through its platform, Next Go Card franchisees create in digital format everything that a printing company produces in printed format, serving an increasingly digitalized market and contributing to a more sustainable planet.

Franchisees do not need experience in the printing industry, as they receive complete training from the company. “The digitalization of the economy is generating growing demand for technology, marketing and customer service services. This growth in the services sector is an opportunity for entrepreneurs looking for a business with lower risks and a good financial return”, says Jonatas Moreira, CEO of NextGo Card

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