“Munch Bakery” launches the Franchise Program
A move to expand in partnership with entrepreneurs
JEDDAH, January 31, 2018: The leading Saudi brand in the bakery world, Munch Bakery, has launched the Franchise Program to open new stores in an expansion plan covering all regions of the Kingdom of Saudi Arabia and the Gulf countries, in partnership with Saudi and Gulf entrepreneurs.
The program is in line with the Franchise scheme launched by the Ministry of Trade and Investment within the framework of the Ministry's legislative plan, aimed at improving the commercial and investment environment and enhancing the Saudi economy to achieve the goals of "Vision 2030".
The program offers golden opportunities for entrepreneurs to contribute to the development of the leading brand with an investment starting at SR300,000 to SR 5 million depending on the different levels and models available, with capital recovery opportunities within a year and a half, with the highest profit rate in the region.
The Franchise Program includes training and consultancy in management and operations for a period of up to one month, with the delivery of fresh baked goods manufactured at the highest quality standards at Munch's central production facilities, which ensures consistency and superior quality. Entrepreneurs will be able to obtain this opportunity across the GCC .
Ibrahim Al Shemimry, Co-Founder, and Chairman said: "The Franchise Program is a golden opportunity for entrepreneurs wishing to invest in fast-growing brands to move towards success.
"Munch Bakery" is known for having a global business system, from high-quality baked goods to customer sales.
"We are working to establish production facilities in many countries starting from Asia," Al Shemimry said.
Munch is expected to present these promising programs at the Saudi Franchise Exhibition, sponsored by the General Authority for Small and Medium Enterprises, next week in Riyadh.
The Saudi commercial franchise market is valued at US $ 1 billion, equivalent to SR 3.75 billion, and is expected to grow at an annual rate of 10-12%.
During the ten years of the establishment of the company "Munch Bakery" in Jeddah, the company has thrived to provide the best baked goods including a unique, tasteful and flavorful array of cupcakes, cakes, cookies,special occasion cakes and much more, for everyone to enjoy, which contributes to the growth and expansion of 13 branches to be the largest local brand in the Saudi Baking World.
To learn more about the Franchise Program: franchise.munchbakery.com