What You Must Have To Franchise

A great concept is one that will sell!
Does your business have some or all of these attributes?
Put your company to the test:To franchise you must have:

Profitable

Unique

Needed

Wide Market Appeal

Barrier to Entry

Good systems are the building blocks of a great concept.
They need to be well thought out, written in the form of manuals, and easily trainable to your franchisees.To franchise you must have:

Proven

Efficient

In written form

Trainable

In order for your franchise to sell, you need to have a proven track record - at least one successful unit running, but the more, the better.To franchise you must have:

Location

Personality of Owner

Dedication of Owner

You'll need funds to pay for expert advice from at least several people - a franchise consultant and a franchise attorney. Be sure to hire the consultant first. As your consultant I will help you to define your specific business systems and needs and then write the specs for the FDD, which the attorney can then follow. It saves you time and money.To franchise you must have:A minimum of $70,000 (plus income from the prototype(s))
Or
A Strong Cash Flow plus $50,000 You won't have these people on board when you start setting up your franchise, but you will need to plan to add staff as you grow.To franchise you must have:

CEO

Accounting Resources

Operations

Field Support
Training

Attorney
Franchise Development
Franchise Sales

Should I Franchise?

You are prepared for a long term business

You set up the business properly

You care about the success of your franchisees

You have a product or service that will survive change

You use innovative sales and marketing techniques

Let's talk about your companycc@frandevelop.com

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