If you want to start a franchise overseas, there are certain questions you must ask potential franchisors to assess their suitability. Let me share what I consider the essential information you need. First, you need to establish the legal situation around franchising in your chosen country. Some countries require franchisors to provide a disclosure document to prospective franchisees—among them are Mexico, Brazil, Australia, and France.
If you are interested in buying into a franchise business but have no idea where to begin, you might start with a franchising broker, who can help match you with a suitable business. MatchPoint is a franchise broker an international network of franchise consultants operating in the U.S., Canada, Latin America, Europe, Asia, and the Middle East.
I ’ve noticed there is a trend that the more a population is used to going to the beach, the better in shape they want to be. Think Rio or Sydney’s Bondi Beach. On my last trip to Australia, I was completely blown away by the market penetration of fitness and health clubs. I counted up to three fitness clubs in the same block. Even the iconic family of brands owned by Sir Richard Branson had a share of the pie there, under the name of Virgin Active.
When we hear “tutoring job,” we often picture an underpaid, but hardworking person trying to make some side income while finishing their studies. Guess what? We’re wrong. In the U.S., tutoring is a $7-billion-ayear industry, according to the education research company EduVentures. That is more than what all the casinos on the Las Vegas Strip generate on an annual basis. The Daily Telegraph newspaper in the UK recently published an article about “super tutors”, earning up to £1,000 (about $1,600) per hour.
Have you been to a shopping mall recently? Well, one thing you are sure to find there is a frozen yogurt kiosk or self-serve location. And, as I travel around Latin America looking at franchise businesses, I can tell you that the same is happening here. From Santiago de Chile to Mexico City, this quick-service segment is exploding. The reason? It’s the healthy option dessert and consumers are becoming increasingly health-conscious.
Latin America is seeing huge growth in the number of senior citizens. Birth rates are falling across the region. According to a study published by the United Nations’ Economic Commission for Latin America, the population of those 65 years and older will increase three times faster than the total population between 2000 and 2025 and six times faster from 2025 to 2050.
You probably remember a time when the U.S. wasn’t heaving with coffee shops. Back in the early 1980s, Starbucks was just another place to get a coffee in Seattle. Then they tapped into the trend of European-style cafes. Within 10 years Starbucks had more than 400 stores in the U.S. Today they have almost 18,000 stores worldwide.