If we neglect one or more aspects of our plan, whether that is our numbers, our employees, our cleaning and food standards, or our commitment to customers, we will not succeed and thrive.
You may also see risk plan examples. While the franchise fees are payment for the trademark and other benefits that a franchisee acquire from the franchisor, some franchisors would use the fee to aid in the start-up materials and tools of the franchisee. The franchiser, "The Sub Shop Corp.
All of this information should be analyzed and included in your business plan to ensure you have enough capital to successfully launch your business.
Item 1 of the FDD provides an overview and history of the franchise. For example, when you are franchising Ace Hardware Corporation, you do not need to make your own company name as you are adopting the company name of the franchisor.
This will also ensure the franchisee that the business he or she is into is not only credible but also safe and secured.
Benefits Another thing that you must consider in franchising is the benefit that you can acquire from the franchise.