Are you thinking about franchising your business ?
Want to franchise your business, drafting a franchise agreement and meeting with energetic, capable entrepreneurs can be one of the most exciting undertakings of your professional life. It can also be a shrewd business decision, since franchising allows your business to expand while motivated franchisees compete and negotiate the rigors of attaining startup capital, selecting and building out a location in consultation with franchisors and altogether vastly accelerating the growth of your business brand.
However, the franchising model is not the right fit for all businesses, and a thorough examination of each facet of the business much be conducted in order to come to that determination. Some major questions must be considered before making the decision to become a franchisor:
Does the business concept satisfy a basic consumer need or desire? Can the business concept be replicated? Will the business concept be profitable to the franchisee? Will the franchise concept be profitable for the franchisor? Is there enough ongoing support to keep the franchisee in the system We can help you answer these questions and decide if franchising your business is right for you.