Franchise Business Plan Template
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How To Write a Franchise Business Plan & Sample
Below is are links to each of the key elements of a compelling business plan to help you start your own franchise business:
- Executive Summary – The Executive Summary provides a high-level overview of your business plan. It should include your franchise brand, mission statement, as well as information on the products or services you offer, your target market, and your business goals and objectives.
- Company Overview – This section provides an in-depth business description, including information on your franchise’s history, the company’s business model, ownership structure, and management team. You will also include a copy of your franchise agreement.
- Industry Analysis – In the Industry Analysis section, you will provide an overview of the industry in which your business operates including market size, trends, and competition.
- Customer Analysis – In this section, you will describe your target market and explain how you intend to attract customers to your business. You will also provide information on your customers’ needs and buying habits.
- Competitive Analysis – The Competitive Analysis section will provide an overview of your direct and indirect competitors, including their strengths and weaknesses. It will also discuss your competitive advantage and how you intend to differentiate your franchise from the competition.
- Marketing Plan – In the Marketing Plan section, you will detail your marketing strategies, including your marketing initiatives and promotion plans. You will also discuss your pricing strategy and how you intend to position your own business in the market.
- Operations Plan – This section will provide an overview of your store’s operations, including your store layout, staff, and inventory management.
- Management Team – The Management Team section will provide detailed information on your management team, their relevant experience, and their roles in the company.
- Financial Plan – The Financial Plan includes the company’s financial details and financial performance representations as provided in the Franchise Disclosure Document (FDD). Financial statements including a projected profit and loss statement, balance sheet, and cash flow statement should be included in the appendix section.
Free Franchise Business Plan Template PDF
You can download our free franchise business plan template PDF here. This is a sample franchise business plan template you can use in PDF format. You can easily complete your business plan using our Franchise Business Plan Template here.
Franchise Business Plan FAQs
What is a Franchise Business Plan?
A business plan is a plan to start and/or grow your franchise business. Among other things, it outlines your business concept, identifies your target audience, presents your marketing strategy and details your financial projections..
What Are the Main Sources of Revenues and Expenses for a Franchise Business?
The main sources of revenue for a business franchise are franchise fees and royalty fees. Some also earn from other fees like distribution fees, site assistance fees, training fees, technologies, and rebates.
The key expenses for franchises are inventory, payroll, marketing and advertising, rent and loans.
How Do You Get Funding for Your Franchise Business?
Among the most common sources of funding for a franchising business are commercial bank loans, Small Business Administration (SBA) loans, personal savings and friends and family loans/gifts. There are also lenders that can supplement other loans with equipment financing and business lines of credit for franchise businesses.
This is true for a business plan for a franchise restaurant, a business plan for franchise store, or any other franchise business plans.