Franchising

[thaipak]

Hi 

 

I am looking for some information in regards to frenchise business. Does anyone have a Dairy Queen or KARMART Frenchise. Any information is welcome. 

[save the frogs]

sorry, this may not be very helpful. 

no personal experience with a franchise.

just thinking out loud. 

 

rules and regulations may differ from a normal business.

not sure if it means you don't need 51% "thai partner" ??

 

https://www.konradlegal.com/2022/11/30/how-can-a-foreigner-start-franchise-business-in-thailand/

 

This type of business relationship also has interesting legal advantages:

• Foreigners will not have to deal with Thai restrictions on foreign entrants
• They are not subject to Thai legal restrictions on foreign parties: such as the Foreign Business Act, the Tourism Act, ...

 

[Celsius]

Better go with small franchise. 

 

I am at the Mall Bangkapi now and it is being renovated top to bottom. One wonders what happens with all the restaurants that have a lease there. Also obligatory  updates and renovations once in a while.

[SuperSaiyan]

Franchising is statistically always a loss if you have only one retail store.

[bbko]

5 hours ago, thaipak said:

I am looking for some information in regards to frenchise business. Does anyone have a Dairy Queen

Contact the folks at Minor Food;

https://www.minorfood.com/en

[ignore it]

Better and cheaper to just open up a hair salon or nail shop for her.

[thaipak]

On 10/7/2023 at 6:32 PM, save the frogs said:

sorry, this may not be very helpful. 

no personal experience with a franchise.

just thinking out loud. 

 

rules and regulations may differ from a normal business.

not sure if it means you don't need 51% "thai partner" ??

 

https://www.konradlegal.com/2022/11/30/how-can-a-foreigner-start-franchise-business-in-thailand/

 

This type of business relationship also has interesting legal advantages:

• Foreigners will not have to deal with Thai restrictions on foreign entrants
• They are not subject to Thai legal restrictions on foreign parties: such as the Foreign Business Act, the Tourism Act, ...

 

I have already have few companies since year 1999. Its just that frenchise idea just came to my mind as

my son  is opening an other company to sell limited edition sneakers.  

[thaipak]

Thanks everyone, got good information here. After searching online I found out the Minor food asking 6-7 Million baht for Swenson, and 1.5 million for Dairy Queen. The duration for the frenchise is 10 years. 

[save the frogs]

I would read the contracts carefully. I believe franchisers have clauses where they can terminate your franchise ...