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Business Plan Template
When you decide to invest in a franchise or business opportunity you will need to create an effective business plan if you hope to be accepted by the franchisor as a new franchisee or if you want to acquire funding for the franchise investment. In this blog post you will find a brief outline of what a business plan should contain. Use these details as a reference point when you are creating your personalized business plan.
Cover Page
Name:
Address:
Telephone
Name of Business
Summary
Brief statements of following: business description (products or services), overview of industry, franchise profile, amount of loan request or investment capital needed, intended use of capital, repayment details.
Business Description
Legal business form; names and addresses of parties involved and general information on franchise, franchisor, franchise sector and industry.
Marketing Plan
Customer base- demographics; rationale for site selection and/or location of franchise business, analysis of market competitors, advertising and PR campaign plans.
Financial Forecast
Pro Forma Balance Sheet; Projected Cash Flow and Projected profit and loss accounts for the first year in business.
Investment or Loan
State the amount of your loan or investment needs, use of the funds and terms on why you are requesting this amount.
Other Documentation
Anything else that will help your case in understanding the business you hope to invest in.
If you would like to know more information about the Business Plan or any other franchise document, please leave a comment and I will get back to you,
Franchise Reporter
Great book about setting up a coffee shop business that will make you money from the start - Don Clarke’s practical and illustrated book “How to set up a coffee shop”.