How does one evaluate if a business can be Franchised ?
Parameters that need to be looked into ?
Attributes / Statistics / Rating of parameters
How an Franchise model can be build from scratch
Answer:
1. Does the business make money? Perform a SWOT analysis (strengths / weaknesses / opportunities / threats). Potential investors / franchise partners would do the same thing ; if the strengths/opportunities look good - maybe your onto something.
2. Trademarks / Patents. Do you have them? Which territories / countries do they cover?
3. Scale. Many - but not all - franchisee's will be independent business people of modest means. Thats why you don't see franchised Banks or Auto makers - but you do with burger bars and key cutting services - it needs to be easy size wise to fund.
4. Complexity. Again - a simple, streightforward business will be easier to sell to potential franchisees (and their bankers who will lend them the money). Other Questions and Answers: