invest in franchises in Argentina, it is an option that opens business opportunities in 2016. According to a study by the Franchising Center, this sector will grow by 15% by the end of 2016, which indicates a favorable market for new investments.
Argentina is the third largest franchise market in Latin America. It currently has 740 companies in this modality, 94% of national origin, according to Roberto Marcelo Ruso, director of Argentine catalog of brands and franchises.
Ruso says there’s no reason to hope for a great 2016 year Argentine franchising market.
Why invest in franchises in Argentina
Although the very expansion of franchise model can already help to explain the expected growth, Ruso points to two other factors:
Change of government: the recent change of authorities is expected to mean an economic opening that makes the market more dynamic and predictable.
legislation by franchise: With the law that has been in force since August 2014 and is based on the new Uniform Civil and Commercial Code, the industry will no longer suffer from a lack of regulation.
“Many entrepreneurs who were not encouraged to take the risk of a franchise now feel empowered to do so with the guarantees of a franchise regulated areawith established norms,” emphasizes Ruso.
On the other hand, the law also defines that those who do not comply basic requirements You have to abandon the business model. The aim is to offer a more serious and professional offer.
Be careful when investing in franchises
But you don’t just have to consider the possibility of profits when investing in franchises in Argentina. Should be look for basic information about its operations and what knowledge and skills are required to open a franchised entity.
The director of Argentine catalog of brands and franchises offers the following recommendations for those just starting out:
- Choose sector options to invest
- Define your investment capital
- Check if you can work on weekends and public holidays
- Imagine what it would be like to work in your chosen franchise
In that first moment, okay search for information B. in trade magazines and websites, yellow pages, franchise associations, trade fairs and seminars, and also directly consult the brands that offer this business model.
Once you have decided on one or more franchiseperform a more detailed analysis. Conducting interviews and collecting data can take time, but remember that it’s important not to base a decision solely on momentum.