Franchises Grow 15% a Year In Central America

Costa Rica and Guatemala are leading a market in which 300 brands based on this business model already operate, 125 of which are native to the region.

Friday, May 16, 2014

Of the 300 franchises existing in the region, 125 were created by Central American companies that have adopted this business model, becoming the fourth largest market for international franchise in Latin America.

"This situation poses a growing business opportunity which ... José Fernández, Director of the consulting company Francorp for Central America... estimated will generate 400 Central American franchises over the next five years ... with 200,000 direct jobs and 100,000 indirect jobs at least."

"In order to be part of that growth, regional employers should seek advice, find niche markets and target new professionals who specialize in the subject."

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The government and Francorp Central America have launched the second part of a program of intensive courses in franchises.

A press release from the Ministry of Economy of Guatemala reads:

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