Are My Sales Strong Enough to Franchise?
The sales criteria needed to determine whether your business has what it takes to franchise is dependent upon many variables. Chaussures Nike Pas Cher The gross sales of businesses in some instances are not always the determining factor of profitability. Soldes Asics 2017 Nike FS Lite Run Goedkoop For instance, restaurants may see high level of sales but their profit margins are typically low. adidas pas cher Nike Air Max 90 Hyperfuse Heren In other businesses that have lower start up costs such as home based businesses, or distribution franchises, the overhead is minimal and gross sales may not be at a level of larger establishments but the margins are much stronger. The standard measure applied to determine franchisability is that a franchisee, by the second year, needs to have a 15 percent return on their cash investment plus a manager’s salary. Nike Air Max 90 Honeycomb Dame If this measurement does not seem feasible for your business, one must reset their sales goals and gear up their marketing initiatives in order to pursue franchising. Sales in every industry can vary dramatically. goedkoop nike air max nederland If properly disclosed, a strong sales figure can be a positioning tool in the franchise marketplace. nike air max 2016 zwart Nike Air Max 2017 Heren Goedkoop The type of industry, the market and the concept all need to be taken into consideration when it comes to evaluating gross sales. nike pas cher As a business owner, one detail to remember, whether you sales are $100,000 a year or $1,000,000 a year, it takes just one individual to see the potential of your business and invest in your franchise.
Sales critera is one of the many topics of Francorp’s online “How to Franchise Your Business” seminar that is available FREE when you mention this newsletter ($195 value). Nike Air Huarache Dame To learn more about franchising, visit http://www.francorp.com or call 800-372-6244.