Bahamas - Franchising Bahamas - Franchising
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Franchises in the food industry include:, Pizza Hut, Burger King, McDonalds, Wendy’s, Subway, Sbarro, Cinnabon, Mr. Pretzel, Jamba Juice, Tortuga Rum Cake, Domino’s Pizza, Quiznos, Dunkin’ Donuts, Dairy Queen, Carl’s Jr., Pollo Tropical, KFC, Luciano’s of Chicago, Carmines, Marco’s Pizza, Starbucks, and several others.
Other franchise businesses: Other businesses operating under franchise agreements include automotive aftermarket services, clothing, movie theaters, aviation fixed base operations, electronics, cosmetics, business services, dry cleaning, specialized tutoring, car rental, mailing, and fast printing services. Additionally several major U.S. hotel chains or management companies are active in, or Discusses opportunities for U.S. franchisers and legal requirements in the market.
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Franchises are popular: There are many U.S. franchises in The Bahamas. Most franchises are successful because they appeal both to the local community and to the millions of annual visitors from the United States. Large franchises benefit from brand name recognition from the high penetration of U.S. cable television in The Bahamas and from Bahamians familiarity with U.S. products from their frequent travel to the United States. Consumption patterns in The Bahamas are similar to that of the U.S.
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Legal requirements: Bahamian government policy discourages foreign ownership of franchises; however, various contractual arrangements are possible. Generally franchises are sold to local operators or joint venture partners.
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No impediment to repatriate profits: There is no impediment to the repatriation of profits, payment of franchises fees, and royalties to the United States.
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Restaurant franchises are particularly successful: Some of the successful franchises returning to, the Bahamas including Marriott International and Hilton.