Buying A Franchise in Belgium
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Hello all, i am a master student studied entrepreneurship in Sweden. i am always interested in starting my business in somewhere in the world. Recently i am doing a thesis about how the entrepreneur startup overseas by network, would anyone share their experience with me? Thank you in advance and look forward to your reply. Pr
Total Posts: 3 Last post by sahezez
Hi:I'm interested in starting a small business in Seoul, South Korea that would sell one signature food item ~ one that the South Koreans will go crazy for. I'm interested in getting information regarding start up costs, how to obtain a business license, as I am an American citizen, how to rent a small restaurant space and whether or not it would be more beneficial to go in with a Korean busi
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Franchising In Belgium
Franchising is the licensing out of a business name, product, technique, philosophy, trademark, etc, for a percentage of the income. Instead of setting up new outlets as part of your expansion, you license your existing business blueprint out to franchisees who then set up and manage it for you.
The benefits of franchising your business in Belgium include: more freedom, as the franchisee takes on major responsibilities; minimal expense; lower cost and higher profits; potential for fast growth; brand building.
Disadvantages of franchising a business in Belgium: although few, rely predominantly on your franchisees. They include: poor quality franchisees; franchisees not declaring all income; poor performance.
As Belgium is part of the EU it follows the same regulations as other EU countries. It is reasonably easy to set up a franchise here and you may find potential help and advice from the Belgium Federation of Franchising.
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