Business Plan Development

Franchisor Business Plan

Franchisee Business Plan
 A business plan is an important factor in successfully creating a
business, and is often an essential part of qualifying for funding. A properly
developed business plan will improve your chances of finding investors,
and is an effective guide that can be used to keep you on track in the
future.
“Those who fail to
plan, plan to fail”
By:Natalie Veli
Why do we really need a business
plan?
Two very important reasons are:
• To enable you to track your development over
time based on your objectives and goals that
you have set yourself to achieve
• To provide an overview of your business for
potential stakeholders, lenders and suppliers
 What is the difference between
franchisor and franchisee?
franchisor is an established entrepreneur with a
licensed business model, a franchisee is a person or
corporation that owns and operates the business
using the business model licensed by the franchisor.
Franchising describes the business relationship
between the franchisor and franchisee
What is franchisor business
plan?
A franchise business plan will help you
focus on your goals and objectives to
expand and assist in tracking where you are
in the process of achieving them.
 A FRANCHISOR BUSINESS PLAN
A franchisor plan should include a detailed blueprint of operations. Such a blueprint
would have the following primary components:
• Management, organization and administrative policy
• Managing the marketing process
• Sales and marketing research
• Managing the operations process
• Location and site selection
• Accounting practices and fiscal responsibilities deemed appropriate, along with
the realistic financial projections
• Based on the strategy to be followed and the market conditions anticipated ;
management information systems
• Legal documentation for determining the franchisor – franchisee relation and
anticipated activities of each party
 THE FRANCHISE FEASIBILITY STUDY
The franchise feasibility study will contain six content
sections :
1. Executive Summary
2. Marketing Segment
3. Management Segment
4. Finance, Accounting , And Taxes
5. Legal requirements
6. Appendix
THE FRANCHISOR BUSINESS PLAN OUTLINE