Business Plan Franchise
Expert business plan service for franchise entrepreneurs
All set to follow in the footsteps of Taco Bell, McDonald’s, and Kentucky Fried Chicken? Franchising is a business model where the franchisee enters into a contract with the franchisor to use the latter’s business model and ideas. Although the word “franchising” immediately brings to mind these popular fast food chains, the concept can go beyond to include a wide array of sectors.
According to the International Franchise Association, these are the fastest growing franchise sectors:
- Personal Services
- Quick Service Restaurants
- Table/Full-Service Restaurants
- Retail Products and Services
- Business Services
With the number of franchise establishments in 2018 increasing to 790,000 from the 2017 figure of 745,290, franchising as an industry contributes 3 percent to the GDP while providing more than nine million jobs. Buying a branded, established franchise is an effective and proven way of realizing your entrepreneurial aspirations. Although the upfront and working costs of owning and operating a franchise are as much as or at times more than starting an independent business, opting for the franchise model mitigates some of the risks and effort of establishing the brand.
Whether you intend to run a home health care service, a café or a grocery franchise, one of the first things you need to focus on putting together is your franchise business plan.
A professional business plan crafted by expert business plan writers is the most essential link between the conceptualization of a business idea to its successful execution. Especially for different markets, branches and regions you need to know how to write a business plan that highlights your vision and business model.
Why do Franchisees need a customized, professional business plan?
Franchisors require a business plan to be submitted by the individual applying to operate a franchise before awarding the contract. Entrepreneurs who are seeking capital for start-up expenses, tenant improvements, franchise fees or working capital needs also are required to submit a business plan to potential investors and lenders.
Last but not least, you need a professionally drafted franchise business plan to develop a keen understanding of how your business will take shape. In short, a franchise business plan drafted by experts is a roadmap to business success.
Here are some statistics that show how crucial a sound business plan is to success: A survey questioned thousands of participants on their business planning and goals. The responses indicated that the chances of obtaining capital or growing the business were higher for those who had a comprehensive business plan as compared to those who did not. Another study that involved 11,046 companies found that developing a professional franchise business plan improved business performance. Finally, businesses that have a complete business plan experience 30 percent faster growth as compared to those without a plan.
As with everything, the quality of a business plan makes a difference. A customized needs to be aligned with your business plan objective.
What does a franchies business plan has to include?
At a simple level, the business plan includes the following components:
- Executive Summary
- Business description – background, history, and objectives
- Details of products or services
- Industry and market analysis
- Competitor’s analysis
- Sales and marketing plan
- Organization plan
- Management structure
- Financial forecast
- Business resources
While there is no standard length for your franchise business plan, it is obvious that your investor or franchisor does not wish to read a novel-length document. A well-experienced business plan consultant knows exactly which chapters are the most important and how to handle regional differences regarding a business plan for different countries, regions or cities.
The key to creating an effective franchise business plan lies in including all crucial aspects of your franchise model clearly and concisely. A well-drafted franchise business plan gives your lender or franchisor the confidence to invest in your franchise.
For a brief overview about what professional business plan should include, just click on the image too see the full pdf-checklist:
How can Businessplan.org help?
Businessplan.org works closely with franchisees to craft a compelling business plan that demonstrates why the investor or franchisor should award you the contract. By showcasing the reasons why you are the right individual to own and operate the specific franchise, we remove the doubts and concerns in the mind of the investor/franchisor (see also business plan credit).
Our comprehensive franchise business plan shows in clear terms that you possess the requisite skills, background, expertise, experience, and the passion to operate and grow the franchise business successfully.
Our skilled business plan writers ensure:
A detailed financial forecast: Your financial forecast that details cash flow management is one of the most crucial aspects that investors will look at. Our trained experts are adept at presenting facts, figures, tables, graphs, projected statistics and other details of the cash flow that gives your investors an unambiguous picture of how you expect to cover the loan or investment cost.
Specific and concrete details: Investors expect to see specific details of measurable achievements and milestones that assure them that you have carefully considered the growth aspect. Whether it is about achieving your target market share or the process of a new product launch, leave it to our business plan experts to draft every aspect of business growth.
Sound market analysis: A strong franchise business plan goes beyond intuition or guesswork. Our expert business plan presents fact-based market research. We outline the key trends and challenges in your industry, the demographics, target market analysis, and competitor intelligence that provides a comprehensive picture to your lenders or franchisors.
Entrust your franchise business plan to the leading experts
At Business.org, we combine the best of experience and expertise to exceed our clients’ expectations every time in business plan writing. Here are some of the reasons why we are the preferred business plan experts for franchise business plans:
- Extensive experience of having successfully created more than 100 franchise business plans
- Practical and in-depth know-how acquired through hands-on strategy consulting at leading banks and venture capital companies
- Accreditation with key funding institutions
- Positive reviews, references, and recommendations
- Sixty business planning consultants with specializations across various industries and domains
- Commitment to quality and customer service
Our business plan for franchise entrepreneurs is tailored to include concise capital formation strategy, financial forecast, and business organization information and has convinced hundreds of investors and franchisors. With our expert franchise business plan, you are well on your way to making that all-important great first impression on your investors and franchisors.
When you have decided a franchise is the right choice for you, it is essential not to waste any more time. We can help create the perfect business plan that sets you up for success. Visit businessplan.org to take a closer look at our business plan sample and our procedures and conditions.
Get in touch with us today to kickstart your franchise business dreams.