How to Write a Franchise Business Plan - Sample and Tempate from OGScapital

 

franchise business plan sample

How to prepare a business plan for a franchise. For further franchise information, visit our Franchise Guide. The Business Plan explains what you hope to do, how much money you need to do it with and how you propose to pay the money back. FRANCHISE BUSINESS PLAN EFB Sponsored by Franchise Education and Research Foundation FRANCHISE BUSINESS PLAN The Franchise Business Plan involves the development of a comprehensive business plan proposal to buy into an existing franchise. Participants in the Franchise Business Plan will: • prepare a written proposal for becoming a franchisee. Sep 05,  · One of the most important exercises to go through in the startup of any business is the creation of a business plan, and this is just as true with franchised businesses as with any other. The Author: Jeff Elgin.


9+ Franchise Business Plan Examples - PDF | Examples


One of the most important exercises to go through in the startup of any business is the creation of a business plan, and this is just as true with franchised businesses as with any other.

The discipline of preparing the business plan forces you to anticipate and think through a number of questions about the challenges you'll face and the expectations you have for your new business. The creation of your business plan is also essential if you need financing from any third-party source, since this is probably the first document any such financing source will ask you for.

In a franchise business, you'll probably find that the preparation of the business plan is substantially easier than for any other type of independent business startup. The franchisor typically has a great deal of verbiage readily available to include in the narrative franchise business plan sample of the business plan, and also includes much of the financial information you'll need in the Uniform Franchise Offering Circular UFOC disclosure document. By way of background, there are a number of sections included in a typical business plan, whether franchise or other.

The main sections include:. Again, one of the advantages of a franchise businessin relation to creating a business plan, is that most of this information is readily available from the franchise company, franchise business plan sample.

You'll usually find that the franchise company's brochure or website contains sufficient information to complete much of the narrative called for in sections 1 and 3 above. You'll also find that the UFOC contains much of the information to complete franchise business plan sample 5 above and, if the franchisor publishes an earnings claim in Item 19 of the UFOC, you may be well on your way to completing section 4 above as well.

Whether the company requires this or not, it's not a bad idea. The process of actually creating a business plan will force you to consider options and formalize your projected course of action in the new business.

You'll typically identify a number of questions during this process that you can refer to the franchise company to make sure you have a clear understanding of the franchise startup prior to making a final decision to proceed with the franchise. As a final note on this process, keep in mind that your business plan must be updated and fully finalized after completing the franchisor's initial training for new franchisees, franchise business plan sample.

Regardless of how much research you do prior to becoming a new franchisee, you will almost certainly have a far greater understanding of factors like operational and marketing plans for the business after completing initial training, franchise business plan sample. Most franchisors will also have pro forma financial models prepared that you can use to double check, franchise business plan sample, or even replace, the ones you initially developed for the financial projection section of your business plan.

Take the time after completing initial training to carefully review your entire business plan based on your new knowledge, and you'll be as prepared as possible for your new franchise business to be off and running successfully. Next Article -- shares Add to Queue. Image credit: Dimitri Otis Getty Images.

Jeff Elgin. September 5, 5 min read. Opinions expressed by Entrepreneur contributors are their own. More from Entrepreneur. Brittney's a Certified Financial Planner who can help you manage franchise business plan sample business and personal finances and navigate the ups and downs of starting a business. Book Your Session. Jumpstart Your Business.

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Writing the Franchise Business Plan - Buying a Franchise - ruffjabarf.ml

 

franchise business plan sample

 

Jul 28,  · The second most important thing that you need is a franchise business plan to guide you on how to run the business. Needless to say, if the business plan is not well written, you will end up making misinformed decisions that will spell doom for your ruffjabarf.ml: OGS Capital. Sep 05,  · One of the most important exercises to go through in the startup of any business is the creation of a business plan, and this is just as true with franchised businesses as with any other. The Author: Jeff Elgin. FRANCHISE BUSINESS PLAN EFB Sponsored by Franchise Education and Research Foundation FRANCHISE BUSINESS PLAN The Franchise Business Plan involves the development of a comprehensive business plan proposal to buy into an existing franchise. Participants in the Franchise Business Plan will: • prepare a written proposal for becoming a franchisee.