Hong Kong
Buy A Franchise in Hong Kong
Recent forum posts
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Expanding cleaning company to US
Hi, I would be interested in knowing whether it would be a good move to expand my cleaning company to the US. How would you go about doing this?
Total Posts: 4 Last post by leeeo
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Mt Africa l Jairos Adventure
Mt Africa is a beautiful and powerful symbol of the wild continent of Africa. It often refers to famous mountains like Mount Kilimanjaro, the highest peak in Africa. This mountain attracts many travellers who enjoy adventure and nature. Climbing Mt Africa offers stunning views, fresh air, and a chance to see unique wildlife. Many visitors also learn about local cultures and traditions during t
Total Posts: 1 Last post by leeeo
Franchising in Hong Kong
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 Hong Kong 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 Hong Kong: although few, rely predominantly on your franchisees.
They include: poor quality franchisees; franchisees not declaring all income; poor performance.
Close to the target markets of Asia and the Chinese Mainland, Hong Kong offers a window into franchising opportunities and brands in the region. McDonalds and Tie Rack have established a presence in Hong Kong and it is a popular way for businesses to expand into the market. The HKCG (The Hong Kong General
Chamber of Commerce) has a specific website for franchising, offering assistance and information regarding franchising events, operators and regulations.
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