Franchisors are becoming more flexible with the opportunities they are offering in the face of an economy struggling with large unemployment and reduced lending facilities.
"Franchisors are offering a range of different franchise packages to cater for the large number of entrepreneurs who want to start a franchise business, but suffer from the banks refusing to lend," said Belen Gimeno, Franchise Direct’s Spanish representative.As well as their ‘Original’ franchise opportunites, many franchisors are offering small and medium sized packages to cater for everyone.
It’s never been such a good time to start a franchise business with franchisors offering great value opportunities.
At the Salon Internacional Franquicia (International Franchise Exhibition) in Valencia, Spain last week Franchise Direct's Belen talked to a wide range of both small and large franchisors including Tailor &Co, Gelatiamo, Orocash, Piel de Toro.
“With unemployment in Spain at nearly 20%, starting a franchise is a real solution to getting people back into the work force. Franchising can be part of the solution to help people who have lost their jobs get their lives back on track, and become a business success” said Belen.
With the banks providing less funding for start-ups, franchisors are also considering wider markets, which is showing in the success of Franchise Direct’s Mexican website which has just launched.
Franchisors realise the site, which features a wide range of Spanish, Mexican and International franchise opportunities will be an invaluable tool to those seeking to be financially independent and successful in business.
The exhibition, which featured nearly 200 franchisors, consultants and industry experts, was busy, despite difficult economic times. The Spanish government has also increased the funding and support programmes available to those who want to be their own boss, in reaction to the reduced finance available through the banks.
With less funding available to start-ups, potential franchisees are spending more time carefully researching which franchise opportunity is most suitable to their own needs and desires.
Visiting an exhibition often makes people more interested in starting their own franchise units, and Franchise Direct provides comprehensive details for franchises available throughout Spanish speaking countries, North America and Europe, with nine international websites.
Other franchisors who shared their views at the exhibition included:
- Administración de Fincas LDC
- Almeida Viajes
- Marco Aldany
- Piel de Toro
- Tailor & Co
- Men Ceremonia y Moda Hombre