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When deciding to franchise your business, the checklist below will give you a brief overview of the important factors affecting your business decision.
- Growth & Expansion – Is your business established and successful?
- Profitability – Is your business making a profit, and can you predict a profit in the future?
- Replication –Can you teach the franchisees how to run your business? Can your business system be duplicated?
- Systems – Can the daily operations of your business be translated into an Operations Manual?
- Selling Point – Can your business concept be effectively sold to potential franchisees?
- Unique Selling Proposition – Do you have a point of difference from your competitors?
- ROI – Will the franchised business allow an adequate return on investment for the franchisee?
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Related articles
- Master and Area Development Agreements (thebusinessstartupkit.com)
- Create a Pilot Business Before Franchising Your Business (thebusinessstartupkit.com)
- How to Franchise a Business? FTC Compliant Franchising Templates (thebusinessstartupkit.com)









