Many entrepreneurs who decide to acquire a franchise are surprised to learn that, in many cases, they will need to present a business plan to someone long before opening the doors to clients.
For example, many franchisors require that a person applying for the purchase and operation of a franchise present a business plan before the franchise is awarded.
For entrepreneurs who require outside capital for expenses such as franchise fees, tenant improvements, start-up expenses, and other working capital requirements, they will find that investors and lenders will almost always request a business plan.
And lastly, you'll need a franchise business plan for the same reasons that franchisors and lenders require it - you need to know where you are going and how to get there. You need a roadmap that leads to a successful and sustainable business.
How can we help
WAM US Consultants will work with franchisees to develop a business plan that demonstrates why you are the right person to own and operate a franchise. Your franchise business plan will show that you have the skills, talent, background, experience, and resources to successfully start and grow a business that provides real products and services to the community.
Your franchise business plan should be as professional as you want the business to be. Make no mistake, it must represent you.
Your business plan will likely be 15-25 pages long and will include informational charts, tables, pictures, and graphics to help the reader understand your business better.
At a minimum, your franchise business plan should include:
An executive summary.
A description of the company / business.
A description of the company's products and / or services.
A market and industry analysis.
A competitive analysis.
A marketing and sales plan.
A management and organization section.
A financial discussion that includes a 3-5 year financial forecast.
WAMUS CONSULTORES franchise business planning credentials and relevant experience
Several of our consultants have extensive experience in developing business plans for franchisees and franchisors. Here's a short summary of just part of that work:
Business plan and financial forecast for a client who sought approval from the franchisor of Sylvan Learning Systems for the acquisition of an existing franchised location.
Business plan for experienced multi-unit franchisees who used to apply for approval to acquire 3 franchises from a new franchisor named Blaze Pizza . The franchises will be located in Southern California, where the customer's existing stores are located. This strategic move allows you to increase the number of clients served in markets you know and not compete against yourself.
Business plan for the acquirer of a franchise Subway existing. The business plan was presented to the franchisor and the commercial lender.
Business plan for a Master Franchisee of Dunkin 'Brands that he wanted to buy another Master Franchisee in another state. The business plan was presented to the franchisor and approved.
Business plan for an experienced restaurant general manager who wanted to buy a franchise of Bikinis Sports Bar & Grill in Charlotte, NC.
Business plan and financial projection for a person who wants to buy a casual dining franchise Twin Peaks .
Business plan for the buyer of a franchise for The Weave Shop . The business plan was submitted to a commercial bank.
Business plan and related documents for a Canadian investment group to finance the acquisition of the exclusive franchise rights for Canada for a US-based fresh Mexican restaurant and casual dining concept.
A bank-ready business plan and 5-year financial forecast for a 22-year restaurant industry veteran who obtained a 90% loan to finance a Culver's restaurant in Arizona.
A business proposition to be presented to a major major franchisee of Checkers Drive-In restaurants in support of the opening of 25 Checkers Drive-Ins in a major Texas city.
The business plan for a Robek franchise in California was submitted to the United States Citizenship and Immigration Services as part of the approval process for an E-2 investor visa application for an entrepreneur wishing to immigrate from a country in the United States. South of Asia.
Business plan and financial forecast to be submitted to KFC International for approval to become the exclusive franchisee of KFC in a South American country.
Fully compliant business plan submitted to the United States Citizenship and Immigration Service as part of the approval of the immigration visa of a Brazilian executive. The franchise was awarded by Chevron USA for a gas station and a convenience store in Florida.
Developed a business plan, financial forecast, and provided a capital formation strategy for a nine-store gyro chain in South Florida, including developing a franchise model.
Business plan for potential lead franchisee of Dunkin 'Brands in Los Angeles when Dunkin re-entered the Southern California market. The business plan was presented to the franchisor.
We have even prepared a business plan for a franchisor that used the business plan to raise more than $ 1 billion to change the company's business model from franchised stores to company-owned stores. We cannot mention the name due to the confidentiality of the transaction, but most people have heard of the company.
Tips for franchisees
Here are some great tips * that every franchisee should follow:
Be passionate about your business.
Be willing to make sacrifices and take risks.
Make an extraordinary impression on customers.
Know what sets your franchise apart.
Have an excellent location.
* Fountain: https://www.inc.com/
Tips for a great business franchise plan
Here are some tips on business plans for franchisees:
Don't wait until the last minute. To be safe, allow a minimum of 2-3 weeks to get it right.
Don't try to do it yourself. This document requires a professional.
Remember that the franchise business plan must be as professional as you are. In many cases, the business plan is how you make a great first impression.
Buying a branded franchise is a proven and effective way to become an entrepreneur. Make no mistake, the cost of becoming a franchisee is often more than starting an independent business from scratch, but buying a franchise eliminates much of the initial work and risk. It is up to you to weigh the costs and the benefits. Whether you're buying a franchise or going independent, develop a great business plan to give yourself a head start.
Finally, here are some of our blog posts that focus on franchise related topics:
Learn more about our franchise business planning services
For an assessment of your needs and an estimate of the fee, please let us know how to contact you: