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Real estate broker begins franchise program
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Posted on: 14/07/2008 Real estate company Foros said it has signed up two franchisees, in Plovdiv and in Stara Zagora, for five year periods. The company is also in talks to set up Foros franchises in another 25 local towns, including Blagoevgrad, Silistra, Vidin, Gabrovo, Haskovo, Kavarna, Sandanski, Elena and Sliven. The Foros franchise project was officially announced this April, but programme director Milena Mihailova said it has been in the works since last December. The programme targets urban areas where Foros has a market presence. Foros currently does business in Sofia, Varna, Rousse, Plovdiv, Veliko Turnovo, Bourgas, Dobrich, Balchik and the resorts of Slunchev Bryag (Sunny Beach) and Bansko. If the franchise program does well, Foros intends to expand internationally, seizing opportunities in neighboring Macedonia, Romania and Serbia. Foros is the fifth company with a franchise program in Bulgaria; one of the others is Address, a Bulgarian real estate company with a similar program, and the others are foreign companies - Re/Max, ERA Real Estate and Century 21.
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