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11 franchise applications submitted to Dagestan Development Corporation

28 August 2017 22:51 Posted in:  BUSINESS
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Makhachkala, August 28, 2017. Last week, Dagestan Development Corporation announced the provision of financial support to the entrepreneurs who had ready submitted applications for franchise of the world famous companies in various directions, the press service of the DDC reports.

According to the source, to date, the Corporation has received 11 applications from the local entrepreneurs, one of which is under consideration of the special Investment Commission.

According to the corporation president Elbrus Gasanov, the proposals are very different. The main requirement is that the franchise must be a popular brand, known to the overwhelming majority of the population and mainly in the sphere of services, food, and clothing trade.

"The corporation is ready to finance up to 85 percent of cost of the business, provided that the franchisor has the initial capital and the real property to launch business" - Gasanov noted.
Recall, only one large franchise in the sphere of fast food – the KFC operates in Dagestan. "The franchise business of recognizable brands with their established and successful work mechanism, such as McDonald's or Zara, will allow us to spread their experience in all sectors and will also provide jobs and satisfy the demands of the population" the press serviceman concluded.


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