15 Key Questions

Should I franchise my business?

There are many variables that a business must first consider before embarking on a franchise development program. As a first step in determining the viability of franchising a business, we recommend completing the quiz below. Although there are additional factors that enter into the decision to franchise a business, the number of positive responses to the questions is a good indicator of your company’s initial franchise potential. Once you have completed the quiz, you will have the option to submit your contact information and quiz results to us for our additional evaluation. Although the questions have been weighted based on their importance to the decision to franchise a business, we encourage you to schedule a free consultation so that we may provide additional considerations and information based on your responses.

Does your business operate using proven processes and procedures (i.e. is the business systematized)?

Can others be trained to duplicate your system of operation?

Have you developed proven advertising and marketing programs, sales techniques and/or other methods to attract customers to your business?

Is your business profitable?

Is the profit margin sufficient to permit a Royalty Fee (i.e. a percentage of gross sales) to be paid by Franchisees while still providing a fair profit?

Will the projected initial investment required to develop and begin operating a franchise location permit the Franchisee to earn a 100% ROI within 5 years?

Has the business been in operation for more than two years?

Do you have more than one operating location?

Does your company enjoy a good reputation with customers and suppliers?

Will your current operation serve as the prototype for the Franchise Business (with minimal modifications required)?

Can your business be operated successfully in a wide range of markets?

Do you have regional and/or national sources of supply for equipment, fixtures, furnishings, inventory, products and supplies?

Is your industry projected to grow?

As additional locations open, do economies of scale exist related to purchases of equipment, inventory, products, supplies, and/or advertising and marketing?

Do you have existing employees who will assume specific responsibilities within the franchise operation (i.e. franchise sales, training, support, supervision)?

Please enter your contact information below if you'd like to submit your quiz results to FranSource for our evaluation.

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Although few companies can answer “yes” to every question, the number of positive responses is a good indicator of your company’s potential to create a successful franchise operation. If you answered “yes” to a number of these questions, you may also wish to review the benefits of franchising your business.
If you would like to discuss your responses to these questions, we invite you to complete our initial consultation form. We will contact you to discuss your responses and assist you in determining if creating a franchise operation at this time is appropriate for your business.

FranSource was founded in 1997 to assist companies across the U.S. in developing successful franchise operations. If you are searching for a complete development solution to create a robust franchise system, we invite you to review the comprehensive services we provide through our exclusive Franchise Essentials Development Program. Under this program, our team oversees the development of every aspect of your franchise operation. For those companies that qualify, the Essentials Program also reduces the amount of capital required to create a franchise operation by deferring a portion of our development fee until you begin granting franchises. Please contact us for additional details and to schedule a free consultation.