Salvadoran Firms Follow Franchise Model

Franchise projects are considered an alternative for expanding operations, strengthening brands and generating more jobs.

Wednesday, March 4, 2009

The Director of the Finance Ministry's (MINEC) Production Development Fund (FOEX), Vladimir Velasquez, informed Elsalvador.com: "The franchise appeal of investment and profits is already knocking on the doors of Salvadoran small and medium sized businesses which have taken the lead on this issue. The fund provides $25 thousand to companies interested in turning their business into a franchise, provided that their sales do not exceed $7 million."

More on this topic

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.

Franchises in Panama

February 2012

The history of franchises in Panama began 55 years ago, and today, after all that time and millions invested, opening franchises continues to provide good business opportunities.

Tastee Freez was the first franchise opened in the country 55 years ago, followed by Dairy Queen, two years later, writes Melissa Novoa journalist for Martesfinanciero.com .

Franchises in Guatemala

March 2011

Currently, 265 franchises operate nationwide of which 22% are in the Guatemalan capital.

According to information from the Guatemalan Association of Franchises (AGF), the 265 franchisees operate approximately 10.000 business units generating about 100 thousand jobs.

"According to information from consulting firm Francorp, the franchise offering is extensive, finding business opportunities ranging from U.S.

Franchises: To Regulate or Not to Regulate

March 2009

With the franchise model growing on the isthmus, how important is to have a clear regional legal framework?

There are entrepreneurs calling for the creation of laws to regulate and protect activities in this business model and for them to be uniform at a regional level. Government representatives affirm that a law is not necessary and that everything is in the signed contract. What is the golden middle?

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