Buying A Franchise in Belgium
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Hello everyone,My name is Hermann Rodrigue KOUADIO, I am African, of Ivorian nationality. My interest on this site is to sell large quantities of agricultural products including cocoa beans, roucou seeds, and cashew nuts. And to allow German companies to build a supply chain with producers.I have a quantity of 10,000 tons of cocoa beans for sale for the next harvest in September-December. I am
Total Posts: 1 Last post by Hermann
I have been asked through a colleague to run a bar for a private event at a chateau in France. It is a pay per drink bar, and I am trying to make sense of the legal requirements - any advice please
Total Posts: 1 Last post by PaulC
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.