Franchise Owner salary in Iceland

Average Yearly Salary of Franchise Owner in Iceland is approximately 11,589,926 ISK (80,683 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Franchise Owner do?

A franchise owner is an individual who owns and operates a franchise business. They are responsible for managing all aspects of the franchise, including staffing, marketing, finances, and customer service. They work closely with the franchisor to ensure that the business is running smoothly and in accordance with the franchise's established standards and guidelines. The franchise owner must have strong leadership and management skills, as well as a deep understanding of the industry in which the franchise operates. They must also possess excellent communication and problem-solving abilities to address any issues that may arise. Ultimately, the franchise owner's goal is to maximize profitability and ensure the success of the franchise business.

Skills: Franchise owner, Business owner, Entrepreneur, Small business, Management, Leadership
Job industry: Retail

How much does Franchise Owner make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Franchise Owner a well paid job?

Yes, our data shows that Franchise Owner is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Franchise Owner?

High salary for Franchise Owner would be somewhere between 12,748,919 ISK and 16,805,393 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Franchise Owner in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 11,589,926 ISK
Estimated Monthly Salary: 965,827 ISK
Estimated Weekly Salary: 222,883 ISK per week
Estimated Hourly Salary: 5,572 ISK per hour
By working as Franchise Owner a person can save up to 3,995 USD per month or 47,937 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Franchise Owner

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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