Over 200 Franchises Operate in Panama

75% of the Panamanian commercial sector operates under the franchise model.

Monday, August 10, 2009

As for the hotel sector, data from the Panamanian-American Chamber of Commerce and Industries states that 90% of them are operated as franchises.

Businessman Roberto Alfaro told newspaper Prensa.com: "The advantage of owning a franchise is that you can start right away, as everything is already done. When a business of this kind is started, the owner of the franchise provides procedure, quality and health manuals, among other, making operation easier".

More on this topic

Costa Rica: Franchise Center Opens

April 2013

The National Franchise Centre will promote new businesses and advise international franchises on how to set up in Costa Rica.

According to Karol Fallas, coordinator of the franchise process at the Chamber of Commerce, the National Center's goal is give continuity to the Franchising project currently being developed with funding from the Inter-American Development Bank (IDB), and which ends this year.

Franchises in Costa Rica Up 14.6%

March 2011

According to a 2010 study by the Chamber of Commerce, 22 new franchises were identified in relation to 2009.

There are 172 franchises currently operating in the country of which 14% are in San Jose. Of the 147 international franchises, 59% are of U.S. origin.

"According to the study, there are 1.432 establishments operating in the country, of which 571 (38%) are national franchises and 861 (62%) are international," informed Elfinancierocr.com.

More Costa Rican Franchises

February 2010

Data from the Chamber of Commerce shows that franchises of Costa Rican origin increased 40.9% in the past four years.

According to the same study, out of the 150 franchises operating in the country, 14% are of Costa Rican origin.

"... 44% of the Costa Rican franchises belong to the food sector.

Costa Rica: Franchising, a Booming Business

May 2011

The growth and positioning of franchises in Costa Rica is encouraging more entrepreneurs to opt for this alternative.

The franchise model under which a company sells another company the use of its trademark and business concept, and which must be operated according to certain characteristics identified by the trademark owner, has gained strength in the country in recent years.

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