When assessing whether your business is suitable for a franchise model, ask yourself these fourquestions.
Has your business experience consistent growth over the last two or three years? Or in other words, can you show a track record of success and increased demand for your product or service?
Is your business replicable? Or in other words, could you start another business unit and train someone to run that business the same way you do in a profitable manner?
Now, let's look at your consumer market. Is there a strong, consistent demand for the product or service all year round?
And finally, is your business profitable? Franchisees will want to earn more than they would as an employee.
If you've answered yes to all four questions, then get in touch for a confidential, informal chat about your business and the benefits a franchise model could deliver for you.