Mobile Franchise Business Expansion Opportunity
If you own a mobile franchise business and wish to expand you will need to have a strategy that involves your
franchisor. Additionally if you are a franchisor it is important to have some sort of policy in place in advance so
that there are no hurt feelings as franchisees expand.
Our company has such a policy but as per our franchisee survey less than 20% of the franchisors who participated
in the Franchising.org had such a policy. I recommend that if you are a franchisee or franchisor that you take this
outline below and modify it to fit your small business or franchising company and use it as a guideline for
franchisee expansion decision-making.
Go ahead and print this article and then sit down and modify it. Then for each number or lettered item write
three or four paragraphs of what if scenarios. This will help assist in proper franchise outlet expansion while
keeping peace in the franchise family. Additionally it will insure smooth system wide expansion where everyone on
the team knows what to expect. This outline has been made using our franchise business model for a mobile car wash
business, but it serves as an excellent starting point. FINANCING OF BUSINESS EXPANSION
I. APPROVAL FROM FRANCHISOR
A. Advanced Notice
B. Truck And Equipment Set Up
II. FINANCING
A. Borrowing
B. Leasing
C. Charging
D. Out Right Expense
III. APPROVAL OF CREDIT
A. Time
B. Documents
1. Profit And Loss
2. Tax Returns
3. Balance Sheets
5. Credit Card (Balance Of Account)
IV. DELIVERY
A. Truck
B. Equipment
C. Paint
D. Signs
E. Check Out
V. FUNDING OF VENDORS
About the Author: Lance Winslow - Online Think Tank forum board. If you have innovative
thoughts and unique perspectives, come think with Lance www.WorldThinkTank.net/wttbbs/
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