Franchising in Ireland: Should Five Guys Go Irish? Essay

2076 Words 9 Pages
FRANCHISING IN IRELAND - SHOULD FIVE GUYS GO IRISH? Making a decision on products and countries seemed daunting at first. Brainstorming with associates and friends to find that perfect idea that held my interest seemed impossible. Several ideas were discussed and brainstormed, however, when thinking about restaurants and franchises the first idea was born. Five Guys Hamburgers and Fries seems the perfect fit for Ireland and there began my journey. From about 1995 to 2007, Ireland developed a very rapid economic growth called the Celtic Tiger, going from one of the poorest countries to one of the wealthiest. The Irish had a low corporate tax rate, borrowed money from the European Union and invested these funds in education. These …show more content…
Irishmen blame the Anglo Irish Bank for the banking crises and the Irish government is paying $40 billion dollars using Irish taxpayer funds to bailout the bank. Many articles quoting Irish and European economists predict that Ireland will come out of the recession midyear of 2010. The Gross Domestic Product (GDP) in 2009 was $42,000 per capita. From 1995 to 2007 the GDP growth averaged 6%, 2009 the GDP had declined to -7.5% approximately. In 2000, in terms of GPD capita, Ireland was the sixth richest country in the world. Ireland is about the size of West Virginia and the 12th largest island in the world and has a government that is a republic, parliamentary democracy with an Executive, Legislative and Judicial Branch. Their legal system is based on English Common Law. The capitol of Ireland is Dublin, where 40% of the population lives within 100 kilometers and 66% of the population is between 15-64 years of age. Ireland has turned from a once important agricultural society to a services and industry society. Only about 6% of the labor force is now occupied in agriculture while services occupy 67% of the labor force. Between North American and northern Europe, Ireland is strategically located on major air and sea routes. The topography of Ireland is mostly rolling hills and the climate offer mild winters and cool summers. There are many modes of transportation to get to Ireland and travel in and

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