To determine the feasibility of your business to be developed as a franchise, there are several factors to consider:
- Track Record. (Your business should at least have five years of establishment)
- Experience of the business managers
- The number of locations / branches
- The average net profit of the business
- The frequency of repeat customers
- The radius of attracted customers
- The starting capital available to develop the franchise concept
- Business management experience of the managers
- The start-up investment requirements for the franchisees
- The training requirements for the franchisees
- International adaptability
- Business competitiveness in the industry
- Number of franchising inquiries received
