Posted: September 17th, 2017

Future Business

Pick a franchise or other business that you may want to open in the future. Prepare a business plan

about the franchise and your ability to open it, operate it and be successful. Assume that I am the

bank and you are working to convince me to provide you with a loan to get started. Use the attached

business plan worksheet as a guide. It is recommended to use a franchise because there is much

specific business information found on the franchiser’s web site.

 

Things to consider:

Popularity of that particular franchise, where would you locate it, target market

Cost of ownership – total investment, recurring royalties/fees, franchise fee

Operating Costs, i.e. what are the day to day costs involved with operating the business?

Other financial requirements

Describe operating conditions placed on you by franchisor, i.e. level of control

Training received from franchisor

Marketing from franchisor – do they provide marketing data, do they provide national/regional

advertising, etc.

Ongoing support from the franchisor

What makes you think this will be a successful business?

Expected revenue/profit margin/net income?

Specifically, you will submit a proposal that contains the information found on pages 7, 9, 10, 12, 13,

15 and 18 on the sample business plan

Popularity of that particular franchise, where would you locate it, target market

Cost of ownership – total investment, recurring royalties/fees, franchise fee

Operating Costs, i.e. what are the day to day costs involved with operating the business?

Other financial requirements

Describe operating conditions placed on you by franchisor, i.e. level of control

Training received from franchisor

Marketing from franchisor – do they provide marketing data, do they provide national/regional advertising, etc.

Ongoing support from the franchisor

What makes you think this will be a successful business?

Expected revenue/profit margin/net income?

 

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