FRANCHISABILITY

1. Does your business have a proven track record of sales and profitability (refined and successful prototype)?YesNo

2. Will your franchisee achieve at least 15% return on investment by the second to third year?YesNoDon’t know

3. Is your business adequately differentiated from your competition? Can you identify your USP (unique selling proposition)?YesNo

4. Do you have distinctive and protected trade mark and corporate identity?YesNo

5. Have you ever had any enquiries from people wanting a franchise (or licence/partnership/open a branch)?YesNo

6. Can your business model be easily reproduced and others taught to operate it in a relatively short period of time (less 10 weeks)?YesNoDon’t know

7. Are you commited to building long-term relationships with your franchisees?YesNo

8. Do you have proven methods of operation and management systems documented in an operations manual?YesNo

9. Do you have a comprehensive training program?YesNo

10. Do you have a strong management team and skilled trainers who could provide training and support to your franchisees?YesNo

11. Do you have an effective system for reporting and record keeping?YesNo

12. Do you have an effective marketing strategy?YesNo

13. Do you have research and development capabilities?YesNo

14. Do you have a proven market demand for your product/service in your target market?YesNoDon’t know

15. Do you have a good understanding of the competition in your target market?YesNoDon’t know

16. Do you have a prospective franchisee profile and recruitment procedure?YesNo

17. Do you have the necessary capital to develop the franchise system professionally?YesNoDon’t know

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