Hungary
Buy A Franchise in Hungary
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Franchising in Hungary
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 Hungary 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 Hungary: although few, rely predominantly on your franchisees. They include: poor quality franchisees; franchisees not declaring all income; poor performance.
Founded in 1991 Hungary has the Hungarian Franchise Association which is a member of the European Franchise Federation. This makes it reasonably easy to set up a franchise in Hungary.
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