Thursday 24 June 2021

Loca Fast Food Company Joins Franchising Trend

262184_snax3

(qCOSTARICA) Local fast food chain, Snax, is now offering local franchise opportunities for US$10,000.

Oscar Lopez, owner of the chain, said its objective is to reach 18 franchised outlets in the next two years, for a total of 26 local, taking into account the eight own with which it already has.

- Advertisement -

Lopez added that market research reveals the chain can easily grow to 40 locations in the Gran Área Metropolitana (Greater Metropolitan Area) of San Jose.

The franchise offers investors to buy into a system of “take out” and soda style restaurant, that requires a total of investment of between US$40,000 and US$60,000 dollars.

“I consider it essential that we stop thinking that the franchise is a model for international brands, as that is expensive. Snax innovates to bring a franchise within the reach people who have a small investment and yearn to become entrepreneurs,” said Jorge Oreamuno franchise consultant for the chain.

Snax President Oscar Lopez said, “instead of focusing on managing locations, we want to give people the opportunity of running their own business.”

- Advertisement -

Lopez added that the company has arranged financing with local banks, to provide investors the ability to purchase the necessary  equipment to operate the business.

Based on the experience of the current outlets in operation, the company estimates that the recovery of the investment will be less than three years.

Snax joins a trend of local businesses turning to franchising for their expansion.

From 2010 to 2014, the number of franchises in Costa Rica rose by 166%, according to data from the National Centre for Franchising (Centro Nacional de Franquicias – CENAF).

Currently, two other food companies are in the process of franchising their business model, the Yogurtini ice cream parlour and Fonda Azteca restaurant.

Source: Elfinancierocr.com

- Advertisement -

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Rodolfo Méndez rules out new contracts for MECO and H Solís

QCOSTARICA - No more soup for you! If the Minister of...

Today 50 years ago: Costa Rica and Panama entered into conflict over air routes

TODAY COSTA RICA - Original text published in La Nacion on...

MOST READ

Internet speed decreases during peaks in service

QCOSTARICA - Ever wonder why your surfing on the Internet slows down, to even a crawl, mainly in the evenings? This is due to...

How to Continue Learning German If You Live in Berlin

Berlin is the place to be: the best parks, cinemas, concerts, and cultural life attract many students every year. COVID-19 has changed the situation...

Today’s Vehicle Restriction June 20: only “EVENS” can circulate

Today, Sunday, June 20, only vehicles with "EVEN" ending plates CAN circulate The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Will that be Cash or Sinpe Móvil?

QCOSTARICA - Sinpe Móvil is easy to use. From your phone, you can send money to friends, family and pay for things. Or receive...

Carlos Alvarado: “Don Rodolfo has my confidence”

QCOSTARICA - President Carlos Alvarado said he has all the confidence in his Minister of Public Works and Transport (MOPT, Rodolfo Méndez Mata, and...

Today’s Vehicle Restriction June 21: plates ending in 1 & 2 CANNOT circulate

Today, Monday, June 21, we are back to the two plates that cannot circulate, in today's case plates ending in 1 & 2 CANNOT...

The Best Sports To Play On A Beach

Costa Rica has some of the best beaches in the world. The coastline is blessed with golden sand, beautiful palm trees, and perfect blue...

Rodolfo Méndez rules out new contracts for MECO and H Solís

QCOSTARICA - No more soup for you! If the Minister of Public Works and Transport (MOPT), Rodolfo Méndez, has his way, the H. Solís...

Today’s Covid News: Less than 800 new cases for the first time in two months

QCOSTARICA - For the first time in two months, less than 800 new cases of covid-19 in a single day were registered on June...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.