Finland
Buying A Franchise in Finland
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Franchising In Finland
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 Finland 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 Finland: although few, rely predominantly on your franchisees. They include: poor quality franchisees; franchisees not declaring all income; poor performance.
The Finnish Franchising Association (FFA) was founded in 1988 to help promote and develop good franchising practise in Finland. They are also a member of the European Franchise Federation. It is quite straightforward to set up a franchise and advice and help can be given from the FFA.
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