Franchise Your Business with How2Franchise
Can We Franchise Your Business?
If you can answer yes to the following questions then your business has a very good chance of being franchised and it is well worth you contacting us to discuss your options further.
1. Is your business trading profitably ?
2. Does your business have good profit margins ?
3. Can a prospective franchisee earn at least £30k per annum running a business similar to yours ?
4. Are your business systems easy to replicate and teach to others ?
5. Do you have proven sales and marketing strategies in place ?
6. Does your business have a good reputation ?
Next Steps
Assuming you answered yes to the above questions the next step in the process is to contact us for a 15 minute telephone evaluation. This will enable us to confirm that your business has the potential to be franchised and proceed to the next level which is a free Franchise Evaluation which takes place in a meeting at your premises.
Franchise Evaluation
The objective of the Franchise Evaluation is to make a final assessment as to whether your business has got what it takes to be successfully franchised.
Areas we look at include:
1. Business Concept
2. Brand Image
3. Company Reputation
4. Operating Systems
5. Profitability of the company
6. Projected financial returns for the franchisor and franchisee
7. Ease of duplicating the business system
8. Business Structure
Franchise Proposal
Assuming the Franchise Evaluation is positive we will then put together a detailed Franchise Proposal which details how the franchise will move forward, the franchise package, a franchise pilot if necessary, and the financial projections.
Assuming you wish to proceed we will then begin the Business For Profit Franchise Launch Program which aims to have your Franchise Marketing Launch at the beginning of month 4. Details can be seen below:
Business For Profit Franchise Launch Program
Month 1
- Agree Franchise Blueprint
- Agree Franchise Financial Model
- Review franchise lead generation and conversion strategies
- Review franchise maximising income model strategies
- Begin work on the prospectus and websites
Month 2
- Complete Prospectus and Websites
- Complete franchise lead generation and conversion work
- Complete franchise maximising income model
- Begin Operations Manual
- Begin Legal Work
- Begin contacting potential franchisees once prospectus and websites are complete
Month 3
- Complete Operations Manual
- Complete Franchise Legal Contracts
- Continue contacting potential franchisees
- Interview potential franchisees
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