Legal tip 145. Franchising: a good option in Spain
Sunday, September 20, 2009 @ 9:25 PM
According to the business gazette "El Economista" , it is possible to start a business or becoming a self-employed person with only 6,000 euros. It seems that the franchising sector, despite the precarious economic situation, it remains as one of the most viable employment options in Spain.
In fact, according to this newspaper, despite the crisis, in 2008 these micro-companies billed by 0.5% over the previous year. Importantly, according to an annual report on the sector the total number of franchise chains operating in Spain grew by 7% last year reaching 968.
In many cases, the key is to find the right kind of franchise.
Catering trade: At present moment in Spain, there are about 7,200 Spanish franchises of catering trade. It is expected that during 2009 the sector has a moderate growth of around 1.5%, attracting a total investment of around 1,430 million euros.
Previous experience, quality at competitive prices and specialization are the main keys for a succesful choice.
The number of franchises in Spain is still much lower than in the UK or the US, so it is also a good possibility for franshisers.
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Garganta la Olla, Cáceres ( Extremadura), Spain by Xavier Fargas at Flickr.com