Lithuania
Buying A Franchise in Lithuania
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Franchising in Lithuania
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 Lithuania 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 Lithuania: although few, rely predominantly on your franchisees. They include: poor quality franchisees; franchisees not declaring all income; poor performance.
It is advised to seek consultation of franchising specialists if you are considering start franchising in Lithuania.
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