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The International Franchise Association estimated that there were over 750,000+ franchise establishments operating in the United States alone, supporting over 7.6 million jobs and generating over $800 billions in economic output.
Do you think your business is franchisable but not sure how to get started?
In this video, we'll explore the essential components of a franchise business plan and provide expert tips to help you create a compelling plan that will attract potential franchisees and secure funding.

How to create a Franchise Business Plan?

"During the franchise development process one of the key elements to develop is the franchise business plan. Franchise Business Plan consists of following:
Sales & Operations Plan for 05 years, which is a comprehensive plan that outlines sales targets and operational strategies for the next five years, including resource allocation, product or service offerings, marketing and sales tactics, and expansion plans.
Financial Plan for 05 years which includes a detailed financial projection that includes income statements, balance sheets, cash flow statements, and key performance metrics such as profit margins, return on investment, and break-even analysis.
Franchise breakeven period, CAPEX & OPEX: Determining the timeframe to reach profitability, as well as the capital expenditures and operating expenses required to start and run the franchise.
Franchise ROI & ROC: Calculating the return on investment and return on capital to determine the profitability and financial viability of the franchise, as well as identifying areas for potential improvement.
Franchise Exit Clause and financial implications: Understanding the terms and financial consequences of exiting the franchise agreement, including early termination or non-renewal.
Franchise revenue model between franchisor and franchisee: Defining the revenue sharing model between the franchisor and franchisee, including franchise fees, royalties, and other sources of revenue.
Evaluate the "Strengths" & "Weakness" of your business: Conducting a SWOT analysis to identify the internal strengths and weaknesses of the franchise, as well as the external opportunities and threats in the market.
Decide the best suitable business model i.e. FOFO, FOCO, COCO, Hybrid, etc.: Choosing the most appropriate franchise business model based on factors such as investment level, management involvement, and operational control. FOFO stands for Franchise-Owned, Franchise-Operated; FOCO stands for Franchise-Owned, Company-Operated; COCO stands for Company-Owned, Company-Operated
We also have a separate video explaining the FOCO and FOFO Models in Franchising.

TAT
Prepare an attractive Franchise Pitch Deck: it is a Franchise business proposal document supported with data and stats to show the potential of starting your brand’s franchise. This helps while selling, to convince your potential franchisees and helps them understand easily on "Why" they should invest into buying your franchise.

If you are planning to expand your chain of stores or ecommerce to another country/region, then these lessons would surely be helpful for you.

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