Although franchising had a late start in Europe compared to the Americas, Asia and the Mid-East, it is now a common and well-received business practice.

This winning scenario can help domestic franchisees and international growth-oriented franchisors to work together.

Going global will be difficult, but the rewards can be substantial. Everyone’s talking about expanding internationally. It’s all over the news and friends in the industry are proudly announcing their own successes. “Going global” seems like the thing to do! But are you really ready?

For the franchise concepts that do their homework, the world can be a small place and the global opportunity can be life changing.

As a direct result of Commercial Service’s efforts, Coldwell Banker has increased its knowledge and exposure worldwide. It has successfully tapped into the organization’s network of exceptional specialists to expand.

Despite the obstacles created by frequent protests and an unstable political situation, both the President and CEO of the Venezuelan Chamber of Franchises, or Profranquicias, continue to champion the interests of franchise businesses in the South American nation.

A NextGen in Franchising Global Competition social franchise winner offers advice to international concepts looking toward expansion into the United States.

Used properly, a letter of intent can save time, money and help advance proposed transactions in foreign countries.

As refranchising gains popularity internationally, it’s important that these transactions clearly identify challenges and complexities to ensure smooth transactions and provide solid foundations for long-lasting relationships.