Business Plan For Franchise Sample

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However, when preparing the financial model of a typical franchisee, the franchisor should retain the possibility to easily alter the assumptions, so that the model could be used to forecast financial results of the specific franchisees in specific markets.It is important to bear in mind, that even the most successful franchisors see the return on investment over much longer period than the franchisees.If a typical franchisee expects to see the investment made to start the business to pay off during around 3 years, the franchisor should plan for a period of 5 to 8 years or more.These might include expected growth rate of the franchise network, preliminary franchise fees, elements of the franchise infrastructure to be created, scope and frequency of the provision of services to franchisees, etc.The last step of development of the financial models is harmonizing typical franchisee’s and franchisor’s financial models.While doing this you need to bear in mind, that franchisor must serve and create value both for franchisees directly and for end customers through its franchisees.Therefore, it is important to reflect this duality while formulating mission and vision.Two main links between these two financial models are set of fees paid by the franchisee to the franchisor and scope of service provided by franchisor to franchisee.The aim of the harmonization of these two financial models is adjusting both franchise fees and scope of services provided by franchisor to ensure that both franchisee’s and franchisor’s financial forecasts seems feasible and realistic.When calculating the franchise fees, the franchisor should bear in mind that their payment should not cause the franchisee’s return on investment period to extend unreasonably or lead the franchisee’s business to incur losses.At the same time, forecasted franchise fees multiplied by the number of franchisees must generate sufficient flow of income for franchisor to cover costs of providing services to franchisees, cover other franchisor’s expenses and earn expected profit.


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