Develop a franchise business plan

There are 29, school-aged children, of which over 11, participate in the city's 16 structured athletic programs. There are 27 schools, with varying degrees of athletic programs, within three miles of the proposed location. That is the prime age of Florida's running community.

Develop a franchise business plan

Is this business franchisable?

Is franchising the right strategy? These questions can only be answered after evaluating your business and determining how franchising fits with your specific goals and objectives.

The iFranchise Group provides all of the franchise consulting services listed below, and can customize a program to meet your specific needs and budget.

Call us today at to see how we can help franchise your business. A franchisor needs certain new capabilities and will need to be sure that these capabilities are seamlessly integrated into existing organizational functionality.

To ensure successful franchisees and maintain quality control, the franchisor will need to develop a state-of-the-art operations manual for its franchisees. The franchisor should also develop training programs for use in conjunction with the operations manual.

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To be legally entitled to sell franchises, the franchisor will need guiance on developing a franchise agreement and a FDD Franchise Disclosure Documentand will need to file with appropriate state authorities on a national basis 23 states have such requirements.

The franchisor will also need to maintain ongoing compliance keeping registrations in force while actively selling and will need to be able to document compliance with state and federal law on an ongoing basis.

These legal requirements are relatively easily met through the use of an attorney with substantial franchise experience. Companies seriously considering franchising are well advised to seek the counsel of a knowledgeable franchise professional prior to initiating any franchise efforts.

develop a franchise business plan

Of course, the new company will also need to sell franchises. Once the prospect has been identified, the franchisor will also require marketing tools to assist it in the sale of franchises.

For aggressive sales campaigns, the iFranchise Group would recommend the development of a mini-brochure for use in direct mail campaigns and perhaps as a give-away at trade showsa full-size franchise sales brochure, and a franchise sales video. And of course, the franchisor will need to understand the nuances of the sales process and the legal constraints of franchise sales.

Altogether, a new franchisor can anticipate that the franchise program should take between six months and a year to fully implement. The cost of a well-designed program varies substantially, depending on the strategy chosen and the desired speed of expansion. View a full list of franchise consulting services we offer, or contact us to learn more.

I personally believe that the iFranchise Group has assembled the single most knowledgeable and experienced team in franchise consulting today.There are many reasons as to why you should create a business plan for a franchise. The main goal of a business plan is to help you get a small business loan approved.

The main goal of a business plan is to help you get a small business loan approved. He or she will help advise on the best form of ownership, assist in negotiations to buy an existing business and review documents if you are buying a franchise.

He or she will also advise on buy-sell agreements and draft appropriate documents. Business acquisitions, franchise purchases and newly developed products are just some of the events that might prompt an existing business to create a business plan. Developing a Business Plan for Your Franchise: When and How to Do it Creating a business plan is a critical step toward the launch of any new business, including a franchise.

It’s a step to take earlier in the process than you may think. Franchise Development Business Plan includes building the platform & identifying the USP, designing financial to the operational models which in-turn can get franchise partners for growth.

develop a franchise business plan

The UPS Store ® locations are independently owned and operated by franchisees of The UPS Store, Inc. in the USA and by its master licensee and its franchisees in Canada.

This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise.

Franchise Business Plan - 3 Reasons Why It Is So Important To Franchisees