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Can You Franchise Your Business?

 

Size and longevity - Has your business been in operation long enough to project its future success? Is it large enough to provide a level of earnings that would make it an attractive investment?

Franchising Quiz

Do you have a profitable operating prototype?
Yes
No
How many units do you have in operation?
1 Location
2 Locations
3 Locations
4 Locations
5 or more locations
No Locations opened
How long has your business been in operation?
Not in operation yet
Less than 6 months
1 year
2 years
3 years
4+ years
To what degree is your business distinctive from its competitors?
Not very distinctive
Somewhat distinctive
Very distinctive
Unique
How much would it cost to open one of your locations, not including franchise fees?
$400,000 or more
$200,000 to $399,000
$100,000 to $199,000
$50,000 to $99,000
Less than $50,000
The market for your business or service is:
Local
Regional
National
International
Competition for the products or services you sell is:
High
Moderate
Minimal
How systemized is the business?
Very little
Some basic policies and/or handbooks
Very well documented
Computerized
How long would it take you to teach someone how to operate your business?
Special certification needed first
2-6 months
1-2 months
1-3 weeks
Less than 1 week
How do your business' sales compare to those of other businesses in your industry?
Much Lower
Somewhat Lower
About the Same
Somewhat Higher
Much Higher
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