Are You Franchisable
September 7, 2008You’ve thought about franchising. Customers and friends have watched your business grow. They’ve asked if they can do the same as a franchise of your business? Enough so that you wonder if franchising might be just the way to grow your business?
If this is you, then one of the first questions to answer is; Are You Franchisable?
The initial answer is, What is the Net Profit of your business? Is it high enough to pay a royalty to the franchisor and give a 20% return on the invested capital?
Give some thought to your answers. I’ll give some details that will answer these questions in the next post.
In the meantime, if you can’t wait till the next post then leave a comment with your contact info or go to www.franchiseasap.com