Putting "international" in the International
Franchise Expo: the International Franchise Expo remains the best event
of its type.
by Goldstein, Joel
Franchising World • March, 2008 • FRANCHISING AROUND THE GLOBE: EXPANDING
INTERNATIONALLY
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When the 17th Annual International Franchise Expo begins its
three-day run at the Washington Convention Center in Washington, D.C. on
April 11, more than 60 international delegations will be represented.
Numbers like this explain why the trade show has become the premier
franchise expo in the world and the place to be for international
franchise prospects searching for concepts to take home and franchisors
looking to send their concepts overseas.
Last year's show attracted more than 13,200 visitors and
nearly 1,200 of those were international participants. This year's
numbers are likely to reach more than 14,000 attendees with a
significantly increased presence of foreign franchisee prospects.
One reason the expo attracts such a large international audience is
because of its partnership with the U. S. Department of Commerce's
International Buyer Program.
"We are one of a select group of U.S.-based events that the
Department of Commerce endorses for its International Buyer
Program," said MFV Expositions Pres. Tom Portesy. "We host
delegations from around the world at the IFE. Catering to international
buyers and supporting international relationships is a major reason the
IFE has been so successful for both franchisee prospects and
franchisors."
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As part of the International Buyer Program, the U.S. Commercial
Service works to help international buyers find quality products and
services during the trade show. International buyers who are visiting as
a representative of a qualified company receive free admission to show
exhibits, discounts on symposia rates, free matchmaking for concepts,
assistance arranging and scheduling appointments with U.S. exhibitors
and companies, access to the International Business Center and more.
With more than 350 exhibitors expected to participate in the
International Franchise Expo next month, there will be no lack of
options for international prospects searching for concepts. Ron Berger,
chairman and CEO of Figaro's Italian Pizza, Inc., makes clear a few
factors that he believes explain why the IFE draws such a strong
international audience.
"The IFE's association with the International Franchise
Association and the location of the expo in Washington, D.C. contribute
to the event's success," said Berger. "Also, the expo has
been in operation for a number of years. Those facts combine to make IFE
the preeminent show for international franchising."
Berger added that Figaro's, a national chain that has been in
the pizza business for more than 27 years, is targeting worldwide
expansion.
"IFE is the principle venue we rely on to attract the
international audience we seek," added Berger. "We are
marketing worldwide and recently opened our first Figaro's in Abu
Dhabi, UAE. We are scheduled to open in Dubai later in 2008 and are
currently in discussions regarding developing our system in many parts
of the world, including Asia, Africa and Europe."
Michael Landry, director of franchise sales for Planet Beach,
continues to be impressed with the significant number of international
visitors attending the event. Planet Beach has more than 360 locations
worldwide offering members massage treatments, facials and UV therapy.
"Franchise companies are looking to connect with international
franchise candidates, and there are limited opportunities here in the
United States for such interactions," said Landry. "The IFE is
the one big chance annually to make those vital international
connections necessary for expansion overseas."
Through expos such as IFE, Planet Beach is planning to expand in
Canada, Australia and beyond.
"Planet Beach is aggressively looking to expand its existing
operations in Canada and Australia," added Landry. "We expect
expansion to have taken place by February into England and Ireland.
Although all countries will be considered, we have our sights currently
set specifically on Mexico, Dubai, France, Russia and Japan."
The trade show has also become a fixture on the franchise marketing
plan for Cartridge World, an ink-refilling retailer in the
printer-cartridge business.
"We attend the International Franchise Expo show every
year," said Andrea Gray, executive assistant to Burt Yarkin,
Cartridge World CEO. "We can always count on strong end
results."
Cartridge World was founded in Australia and is now franchising in
Europe and the United States.
"We are targeting all-over growth with our attendance during
the IFE this year," added Gray. "There is no particular market
or country we would exclude. We are in record growth mode and expanding
all over. The great thing about the International Franchise Expo is you
have thousands of people in one place during one weekend. We look for a
franchisee that has possibly had their own business, someone that's
a forward thinker and very determined. IFE brings in the right
people."
High-Quality Buyers
Other franchisors say the chance to meet face-to-face with endless
prospects is why the IFE is so popular. No other franchise expo offers
the same capacity for opportunities as this trade show. which
consistently attracts a high quality of foreign buyers, investors and
distributors.
"The International Franchise Expo continues to attract the
right people," said Gray. "It's all about getting your
name out there. A lot of people who get into franchising are simliar
types who want to be their own boss, but also want some support from a
franchisor."
"With such an expanding global market taking shape, it makes
sense to expand internationally," said Landry, adding that the IFE
allows him to showcase and explain one-on-one what makes his concept
perfect for foreign markets. "We are the only automated day spa
concept available currently in the franchising world. Many U.S.-based
franchisors, like Planet Beach, have perfected business models with
high-profit potentials for franchise owners and masters."
Targeted seminars
To further support foreign relations with international buyers, the
IFE has scheduled a range of symposia geared specifically to that
audience. Courses include:
* Who Else Wants to be a Successful Franchisee? This course helps
prospective franchisees better evaluate and understand the many
different opportunities available to them.
* Selecting, Negotiating and Operating a Master Franchise. If a
franchise wants to acquire or grant franchise rights for a country or a
region, it needs to understand master franchising. This course explains
how to select and negotiate a master franchise partner and agreement,
emphasizing transactions in which the franchisee and franchisor are from
different countries.
* Global Franchise Expansion. This program is directed both to
U.S.-based franchisors planning to expand abroad and to franchise
companies based outside the United States. Some of the most promising
markets for franchising are outside the country. The topics will address
the most common business and legal problems affecting international
franchising.
* Strategies for Penetrating the U.S. Market for Overseas
Franchisors. To properly and successfully enter a vast and complicated
market like the United States, companies need to develop a business
plan. The focus will be on practical and useful information with an
emphasis on war stories and case studies.
Quality Prospects
Research reinforces the fact that exhibitors attending
IFA-sponsored shows like the IFE have access to some of the most
qualified prospects in the world.
FRANdata Corp. says that before attending a franchise expo, nearly
one-third of attendees has visited actual locations of the franchise in
which they are interested. And one-in-four prospects have spoken already
with a franchise executive.
All of these reasons and 14,000 more are why the International
Franchise Expo remains the best to meet the world's leading
franchise concepts and the franchisees that make them great.
"People are looking for alternative investments, and franchise
concepts are great investments," said Landry. "With the dollar
being slightly weaker to many currencies, now is a great time to get
involved with a U.S.-based franchisor. We also feel as though we can
improve our business operations by getting ideas from our international
business partners."
UPCOMING EXPOS
Nov. 7-9, 2008
WEST COAST FRANCHISE EXPO
Los Angeles Convention Center
Jan. 9-11, 2009
FRANCHISE EXPO SOUTH
Miami Beach Convention Center
Joel Goldstein is the director of marketing for MFV Expositions. He
can be reached at jgoldstein@mfvexpo.com. More information on the
International Franchise Expo is also available at www.mfvexpo.com or
201-881-1640.
COPYRIGHT 2008 International Franchise
Association Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
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NOTE: All illustrations and photos have been removed from this article.