The Franchise Maker takes business owners like you through an affordable step by step process to franchise your business. Franchising a business doesn’t have to be complicated or cost hundreds of thousands of dollars..Franchise Your Business in Steps Step Two Learn the Legal Requirements In order to legally sell franchises anywhere in the United States, your business must complete and successfully register a Franchise Disclosure Do.ent with the Federal Trade Commission. In the FDD, you’ll be asked to provide a wide range of information about your business, including audited financial statements, an operating manual for franchisees, and descriptions of the management team’s business experience..If the decision to franchise a business is made, a franchisor should develop a business plan outlining the company’s growth and strategy for the next five years. A franchisor needs certain new capabilities and will need to be sure that these capabilities are seamlessly integrated into existing organizational functionality..A franchise business is a business in which the owners, or “franchisors”, sell the rights to their business logo, name, and model to third party reoutlets, owned by independent, third party operators,ed “franchisees”..
Franchising is based on a marketing concept which can be adopted by an organisation as a strategy for business expansion. Where implemented, a franchiser licenses its know how, procedures, intellectual property, use of its business model,nd and rights to sell itsnded products and services to a franchisee..A continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offersistance in organizing, training, merchandising, marketing and managing in return for a monetary consideration..