8 Keys to Franchisability
Size and Longevity
How long has your business been operating?
Are you confident in its long-term performance?
Profitability
Is your business consistently generating profits?
Teachability
Can someone else be trained to run your business effectively?
Systematization
Are your business processes organized in a way that they can be replicated easily?
Marketability
Can your concept be clearly communicated and marketed to future franchisees?
Transferability
Do you believe your business model would work well in different locations?
Originality
What makes your brand stand out from competitors?
Affordability
After all franchise-related costs, will the franchisee still earn a fair and motivating profit?