Exploring International Franchise Opportunities in Europe

Choosing the Right Franchise for International Expansion

1. Suppose you are an international entrepreneur and want to open your own franchise somewhere in Europe. You decide to conduct research to identify the most appropriate franchise and to learn how to become a franchisee. Entrepreneur.com publishes an annual list of the top 200 franchisors seeking international franchisees. Visit entrepreneur.com for the list or search for "franchising" at globalEDGE. Choose the franchise that interests you most (for example, Subway, ServiceMaster, Century 21), and visit its corporate Web site. Based on information from the Web site as well as globalEDGE and Hoovers.com, address the following questions:

Key Questions to Consider:

a. How many franchised operations does this firm have outside its home country?
b. What are the major countries in which the firm has franchises? Are there any patterns in terms of the countries where this firm is established?
c. According to the application information provided at the corporate site, what qualifications is the firm seeking in new franchisees?
d. What types of training and support does the firm provide for its franchisees?

Answers:

a. The number of franchised operations outside the home country can vary depending on the specific franchise chosen. To determine the number of franchised operations, you would need to visit the corporate website of the chosen franchise and look for information on their international presence or contact their franchise development department.
b. The major countries in which the firm has franchises can also vary depending on the chosen franchise. It is important to visit the corporate website and look for information on their international locations or contact their franchise development department. There may be patterns in terms of the countries where the firm is established, such as targeting countries with a strong consumer demand, a developed market, or a strategic location for expansion.
c. The qualifications the firm seeks in new franchisees can be found on their corporate website under the franchise application information section. Common qualifications may include:
- Sufficient financial resources to cover the initial investment and ongoing expenses.
- Experience in the industry or relevant business experience.
- Good communication and management skills.
- Willingness to adhere to the franchisor's operating system and standards.
d. The types of training and support provided by the firm for its franchisees can be found on their corporate website under the franchisee support or training section. This can include:
- Initial training programs on how to operate the franchise successfully.
- Ongoing training and support to keep franchisees updated on new products, technologies, or strategies.
- Operational support, including assistance with marketing, advertising, and business operations.
- Access to a network of other franchisees for knowledge sharing and support.
- Regular meetings, conferences, or conventions to connect franchisees and provide additional training opportunities.

1. What are some common qualifications that franchisors seek in new franchisees? Franchisors often seek new franchisees who have sufficient financial resources, relevant industry experience, good communication and management skills, and a willingness to adhere to the franchisor's operating system and standards.
← Key considerations in conducting a threat assessment for organizations Calculating maximum income for yard ornament artists →

More Posts: