How to Start a Franchise in 8 steps

What is a Franchise

A business model where franchisees operate using an established brand’s system.

Benefits

Proven business model, brand recognition, support and marketing assistance.

Research

Choose a franchise based on interest, market demand, and success rates.

Costs & Financing

Assess initial investment costs, franchise fees, and explore financing options.

Due Diligence

Speak with existing franchisees and visit locations to understand the business better.

Location

Secure a prime location considering foot traffic, visibility, and target market.

Training & Setup

Complete the training provided by the franchisor and set up operations.

Launch

Plan a grand opening and utilize franchisor-provided marketing materials.

Operate & Grow

1Maintain high standards, follow franchisor’s guidelines, and engage in local marketing.