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Forum nameFinancial Feast
Topic subjectRE: Price for franchise ?
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=105&topic_id=530&mesg_id=537
537, RE: Price for franchise ?
Posted by Strategist, Fri Jun-06-08 09:33 PM
Honestly, this is not a question that you'll get an answer to on a board.

1) You have to have everything about your company written down. Every procedure, every system, everything about every "role" in the place. Also have a full business plan.

2) You need a lawyer to help you determine which way to create what you're looking to do. Franchising, licensing, and there are other options.

3) Speak to your CPA about what you're trying to do. They'll be a help, too.

There are books out there on franchising. I would pick up a couple and read them.

If you're paying someone who is an expert in their field -- like a franchise advisor -- why not take their advise and not second guess them.

Rule in business is ... whatever time you think something will take... whatever money you think something will take... double what you think and you'll have a much better idea of what the cost really is.