Petrotica expands in Costa Rica

Gas station chain Petrotica plans to open 6 additional locations in one year.

Monday, September 14, 2009

Petrotica recently inaugurated its first two gas stations, located in "San Sebastián" and "Paseo de los Estudiantes". Its first 8 stations will be owned by the company, while the future ones could be operated as franchises.

"We want to differentiate in the market through better service and a good image", explained Stellio Bertosi, "partner of new gas station chain Petrotica, which expects to become the first franchise of its kind in the medium term".

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Markets for Exporting Franchises

October 2013

Only a few Latin American countries have a mature franchise market, creating an opportunity for other franchisors.

Experts agree on this, believing that Latin America represents a perfect market for expansion. Every year the industry generates about $80 million and consists of more than 5000 brands, reporting growth exceeding 10%.

Food Franchise Frenzy

January 2013

In Panama, the population’s increased purchasing power and the economic dynamism are driving new investments by major fast food chains.

The companies Franquicias Panameñas, S.A., KFC and Pizza Hut are to invest $7.5 million in the construction of new stores and the refurbishment of several existing ones.

Costa Rican Franchises Grow

March 2012

31 companies in Costa Rica work under this business model, some with foreign expansion.

Most domestic franchises belong to the food and services sector.

Among these are Musmanni (pioneer in the field of franchising, in 1985), Merecumbé(1998), Get Nuts (2002), Maridos de Alquiler (2005), Pane E Vino (2008), Inka Grill (2008) and Atlético Gimnasio y Spa (2008), reported Nacion.com.

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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