Buying A Franchise in Czech Republic
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Franchising in the Czech Republic
Franchising is the licensing out of a business name, product, technique, philosophy, trademark, etc, for a percentage of the income. Instead of setting up new outlets as part of your expansion, you license your existing business blueprint out to franchisees who then set up and manage it for you.
The benefits of franchising your business in The Czech Republic include: more freedom, as the franchisee takes on major responsibilities; minimal expense; lower cost and higher profits; potential for fast growth; brand building.
Disadvantages of franchising a business in The Czech Republic: although few, rely predominantly on your franchisees. They include: poor quality franchisees; franchisees not declaring all income; poor performance.
It is quite straightforward to start up a franchise in the Czech Republic and they follow EU regulations. In the Czech Republic there is the Czech Franchise Association (CAF) who are members of the European Franchise Federation.