How Can I Find Foreign - Based Franchisors Not Yet Operating in my Country?
Posted on November 16, 2010 by My Franchise Law
For many potential franchisees, an appealing option is to find a brand new international franchise that has not yet caught on in their home country. Getting on board early on can prove to be a lucrative choice if the brand becomes popular and builds a loyal customer base. But how can you find out about what kinds of franchises are available which have not yet infiltrated your area? By conducting some research on the International Franchise Association’s easy-to-navigate website, you can find out all of the details about potential opportunities just waiting to be explored.
How it works: The International Franchise Association is a not-for-profit member-based organization of franchisors, franchisees, and suppliers to the franchising industry. It represents more than 1,300 franchisors, 10,000 franchisees, and 500 supply firms, and offers resource materials for each sector of the franchising industry.
If you are looking to find new international franchising opportunities, you simply select the “Find a Franchise” tab, and enter in your search criteria in the drop-down form. Within the form, there are areas to enter key search terms, categories, required startup cash, and investment and financing availability to help you narrow down your choices to your specific area of interest.
You can then select the locations you want to focus on (either domestic or international), and the international option allows you to choose the continent and region you wish to review. Once you have selected a business that piques your interest, you are then directed to a page with relevant information on how many existing units of the company are currently in operation, and how many of these units are based outside of the U.S.
In addition, the site offers company profiles of their international partners, along with international franchise laws, links to international franchise associations worldwide, and research and statistics on the growth of the international franchising industry.