Test for potential franchisor

COMPLETE A FREE TEST AND GET YOUR RESULTS NOW

Does your business have an operating prototype?

No
Yes

Does your business have 2 or more units?

No
Yes

Does your business operate at least 1 year or more?

No
Yes

Is your business distinctive from its competitors?

No
Yes

Is your business profitable?

No
Yes

Will your franchisee achieve at least 15% return on investment (ROI) by the second to third year + cover a salary for the unit manager?

No
Yes

Is your business systematized? Do you use any kind of standards, procedures, guidelines?

No
Yes

Can you teach someone to operate your business in a relatively short period of time?

No
Yes

Do you have a strong management team and skilled trainers who could provide training and support to your franchisees?

No
Yes

Do you have a comprehensive training program for your employees?

No
Yes

Is your business is adaptable to other markets?

No
Yes

Do you have an effective marketing strategy?

No
Yes

Do you have an effective system for reporting?

No
Yes

Is your trade mark protected?

No
Yes

Do you have developed corporate identity (brand book)?

No
Yes

Do you have a proven market demand for your products/services in your target market(-s)?

No
Yes

Do you have a good understanding of the competition in your target market?

No
Yes

Do you have research and development (R&D) capabilities?

No
Yes

Do you have a prospective franchisee profile and recruitment procedure?

No
Yes

Do you have all necessary resources (including financial and people resources) to develop the franchise system effectively?

No
Yes

Are you committed to build long-term relationships with your franchisees?

No
Yes

Have you ever had any enquiries from people wanting a franchise (or licence/partnership/open a branch)?

No
Yes

THANK YOU FOR COMPLETING THE TEST PLEASE ENTER YOUR E-MAIL ADDRESS TO RECEIVE RESULTS

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IS YOUR BUSINESS FRANCHISABLE?