Franchising
in Central America
Wednesday, May 16, 2012
An agreement between the Guatemalan Chamber of Commerce and the Guatemalan Association of Franchising aims to promote the model in order to achieve growth by opening up new markets.
Aida Rios, president of the Guatemalan Association of Franchises (AGF in Spanish), said the support of the GCC will allow companies interested in franchising to compete in other countries, improve financing options and project their image at events.
Wednesday, May 16, 2012
The franchise company QSR International is to open 15 new stores during 2012, and invest in the remodeling and reopening of three others.
QSR International, which owns the fast-food franchise KFC and Quizno's Sub in the region, will open 8 new KFC restaurants and 7 new Quizno's outlets in Costa Rica.
Tuesday, May 8, 2012
After suffering a sharp drop in demand over the last two years, there has been an increase in enrollment in courses for learning English.
Enrollment in private schools teaching English and other languages fell heavily since 2009, but now the situation seems to be improving.
Karl Schmack, executive director of Centro Cultural Costarricense Norteamericano (CCCN, 10 sites around the country), recognizes that it was late last year and early this year that the enrollment rate recovered after having suffered a decline starting in 2009. Today, the CCCN hosts some 5,000 students per quarter, up from 10% to 15% compared to previous years.
Thursday, April 12, 2012
Those that are already here are expanding by opening more stores, while other franchises are coming to settle in a market with rapidly changing trends in consumer dining.
In 2012 seven new concepts will join the fast-food market .
Wednesday, March 28, 2012
The Guatemalan Association of Franchises expects the arrival of six new franchises in the country, representing investments of $10 million.
This year six new franchises could come to Guatemala, where there are nearly 300 such companies, said Aída de Mancilla, president of the Guatemalan Association of Franchises (AGF).
Thursday, March 22, 2012
With an investment of $2 million, Greenersys is operating a showroom in Costa Rica to market products like wind turbines, solar heaters, LED screens and electric vehicles.
The franchise Greneersys started operations in Costa Rica on Wednesday March 21st, when it opened its showroom in La Uruca, in which $2 million has been invested.
Thursday, March 15, 2012
31 companies in Costa Rica work under this business model, some with foreign expansion.
Most domestic franchises belong to the food and services sector.
Among these are Musmanni (pioneer in the field of franchising, in 1985), Merecumbé(1998), Get Nuts (2002), Maridos de Alquiler (2005), Pane E Vino (2008), Inka Grill (2008) and Atlético Gimnasio y Spa (2008), reported Nacion.com.
Tuesday, March 13, 2012
The international body has accepted as a member the Guatemalan Association of Franchises, whose executives are hoping this will help attract more investment.
Julius Caesar Loarca Zea, project manager at the Guatemalan Association of Franchises, said the entry into World Franchise Council (WFC) opens the doors for national franchises to Europe and Asia.
Monday, February 27, 2012
The crisis in industrialized economies is leading large international brands to look towards countries like Costa Rica, where consumption is growing and becoming sophisticated.
The developed world's economic crisis has forced multinational companies to set their sights on new markets which are emerging and dynamic, and have a sufficient number of consumers with high purchasing power to do business with their brands.
Bevintel de Centroamérica
Company Profile
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (502) 2369-7149 - (502) 5201-6557
Tuesday, February 21, 2012
In an already saturated hamburger market another competitor is looking to set up franchisees throughout Central America.
The Smashburger chain will be the new player in the competitive hamburger market in Costa Rica, where the company plans to open three restaurants this year.
Monday, February 20, 2012
The GAP clothing chain will open its first store in Panama in late February.
This opening in the new phase of Albrook Mall, marks the start of expansion into Central America and the Caribbean.
The company plans to open two more stores this year in Panama, one in Metromall and one in Multiplaza.
Friday, February 17, 2012
The history of franchises in Panama began 55 years ago, and today, after all that time and millions invested, opening franchises continues to provide good business opportunities.
Tastee Freez was the first franchise opened in the country 55 years ago, followed by Dairy Queen, two years later, writes Melissa Novoa journalist for Martesfinanciero.com .
Monday, February 6, 2012
Expansion plans by Gas Z and Tropigás include increasing the number of franchises that offer direct replacement of gas in residential homes.
After the merger, Gas and Tropigás Z, are thinking about expanding a franchise system to provide better service to customers in residential areas over a period of 5 years.
Friday, February 3, 2012
Franchise operations in the country are planning new openings for this year, 2012, driven by economic growth.
Such is the case of Wing Zone Panama which has three restaurants in the country, and plans this year to open five new branches, said Adalberto Ferrer managing partner of the chain.
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