How to open a franchise in Spain

The franchises are business models with many advantages but sometimes with a fairly large level of investment. It is important to study the subject very well to embark on a productive and profitable franchise. For all this, it will be good for us to know how to open a franchise in Spain, and what are the steps that we must follow exactly so that our business model can succeed. In .com we explain it to you.

one

The first thing we must do before anything is to inform us. Review the pros and cons of this franchise well. Know if we are facing a profitable franchise or not. For this, it is better to be advised by people who are more accustomed to these issues, be they lawyers or even economists.

two

We must make a business plan . Evaluating the cost-benefits of this franchise. It is a really extensive and comprehensive analysis of all the activity that the business will perform once it is active. Thus, in addition to economic aspects, we must also delve into objectives, human and technical resources, marketing plan, advertising impact, etc.

3

The business plan will give us the keys to know how much money we will need to start this adventure. It should be noted that although banks are still reluctant to give credit at present, if we are covered by a sufficiently strong franchise, things will change for the better.

4

To open a Franchise in Spain, you have to face two initial payments. Two concepts that respond to the entry fee and the royalty.

The entry fee is a non-refundable down payment and its amount will depend on the type of franchise, among others. However, it is usually between 6, 000 and 25, 000 euros. Likewise, the royalty is the monthly payment that we will have to pay to the franchise for the services that they offer us from the central, as well as for the use of the brand.

5

First of all, we must sign a pre-contract with the franchise . A pre-agreement through which the franchisor offers the franchisee the reservation of a certain area of ​​the city, until he finds the premises where he will finally settle. This way we make sure that no other person interested in that franchise arrives and opens in the area in which we are interested.

6

We must find the right place and also lower the rent, because the truth is that being a franchise and pay a royalty, this point is quite essential for the issue of benefits. However, we will have the help and advice of the franchise.

7

Once we have the premises, to open a franchise in Spain we must constitute the company . For this we will carry out all the necessary procedures, deciding aspects such as the legal form of the company.

8

Once the company has been established, the next step is to sign the definitive franchise contract . This contract will regulate the relationship between the franchisor and the franchisee. From that moment the franchisor must undergo several training courses. In addition, this is the moment in which the aforementioned entry fee will be delivered, thus receiving the franchise manuals.

9

Although we could work legally, it is clear that before starting our adventure we must hire the rest of the staff and train them . This will be the last step before starting the activity.