Tuesday, November 29, 2016

How to make a Franchise Business Plan - Format

Are you a Franchising student? Franchising Teacher? Business Man/Woman? Looking for a simple Franchise Business Plan Format? Here's one for you.



Here is the correct sequence of the Franchise Business Plan.
TITLE PAGE. The first page must include in any order, but not limited to the following:
             FRANCHISE BUSINESS PLAN
             Name of Proposed Franchise Business
             Name of Members/Writers
             Date
TABLE OF CONTENTS. The Table of contents is a simple guide for your reader. It tells the pages of the contents of your business plan.
BODY OF THE FRANCHISE BUSINESS PLAN. Here are the contents of your body.
             I. EXECUTIVE SUMMARY
                            One to three page summary of the business model.
             II. BUSINESS HISTORY, BACKGROUND, AND OBJECTIVES
                 A. Describe the company you wish to purchase franchise rights for
                 B. List your short term (next 12 months) and long-term objectives
                 C. Describe the company's major successes and achievements to date
                 D. Describe the company's challenges and obstacles
                 E. Describe any changes in structure management, ownership, etc. that have taken place in the past year
             III. BUSINESS ENVIRONMENT
                 Describe how environmental factors such as local, national, or international economy,       changes in population, interest rates, changes in level of employment, etc. may affect your                 business.
            IV. PRODUCTS AND/OR SERVICES
                 A. List and describe the products and/or services offered
                 B. Describe any planned changes or additions to the present line of products/services  within the next year
            V. PRESENT MARKET
                 A. Describe the present market (geographic location of your potential customers, types of customers)
                 B. Describe the growth potential in your market
                 C. Describe the current pricing policy
                 D. If the business is seasonal, explain how the company adjusts to seasonal factors
            VI. COMPETITION
                  A. List the Company's primary competitors in the market. Identify their strengths and   weaknesses
                   B. List the advantages the company has compared to its primary competitors
                   C. List the disadvantages the company has compared to its primary competitors
           VII. MARKETING PLAN
                   A. Describe the customers and geographic territory to be targeted for marketing efforts to generate revenue
                   B. Describe the company's existing marketing techniques, strategies, and tools
                   C. Describe the marketing techniques, strategies, and tools you will use in the future to promote the business
          VIII. MANAGEMENT AND ORGANIZATIONS
                     A. Describe your management team and its strengths and weaknesses
                     B. Describe your plan to further develop your management team
                     C. Describe the management succession plan - who will take over in the event in the   incapacity or continued absence of any owner or key employee.
           IX. BUSINESS RESOURCES
                  A. List the major operating equipment that you will purchase or lease
                   B. List major suppliers, location and payment terms
                  C. Identify other outside resources used or needed to fulfill customer requirements
                  D. Describe quality control procedures
                  E. Describe the availability of skilled labor to meet your company needs
                  F. Describe the type and extent of necessary training that will be required to upgrade the skills of labor and administrative employees and the estimated cost
                  G. Projected number of full-time and part-time employees
                  H. Organizational chart
          X. FINANCIAL PLAN AND DATA
               A. Describe the company's sales and profit trends (Projected Sales)
               B. Outline your strategy and timing for obtaining capital
               C. Two-year projected operating statement (balance sheet)
               D. Two-year projected cash flow statement
          XI. CONCLUSION
                 Specific request for financing, summary of key points supporting the financial request
          XII. BIBLIOGRAPHY
                  Includes books, websites, magazines, and many more references you use.
          XIII. APPENDIX
                   An appendix is optional. Include in the appendix any exhibits appropriate to the written business plan but not important enough to include in the body; these might include sample questionnaires used, letters sent and received, general background data, minutes of meetings, etc.

Alright, there you go! you now have your Franchise Business Plan ready.

3 comments:

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