Is Your Business Franchisable?
This test is designed to give you assessment of your company’s franchisability. Just enter your information below.
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Does your business have an operating prototype?
Does your business have 2 or more units?
Does your business operate at least 1 year or more?
Is your business distinctive from its competitors?
Is your business profitable?
Will your franchisee achieve at least 15% return on investment (ROI) by the second to third year + cover a salary for the unit manager?
Is your business systematized? Do you use any kind of standards, procedures, guidelines?
Can you teach someone to operate your business in a relatively short period of time?
Do you have a strong management team and skilled trainers who could provide training and support to your franchisees?
Do you have a comprehensive training program for your employees?
Is your business is adaptable to other markets?
Do you have an effective marketing strategy?
Do you have an effective system for reporting?
Is your trade mark protected?
Do you have developed corporate identity (brand book)?
Do you have a proven market demand for your products/services in your target market(-s)?
Do you have a good understanding of the competition in your target market?
Do you have research and development (R&D) capabilities?
Do you have a prospective franchisee profile and recruitment procedure?
Do you have all necessary resources (including financial and people resources) to develop the franchise system effectively?
Are you committed to build long-term relationships with your franchisees?
Have you ever had any enquiries from people wanting a franchise (or licence/partnership/open a branch)?
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