The Franchise Enterprise
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    • Home
    • About Us
    • The Process
    • FAQ
    • Contact Us
    • Franchise Blog
  • Home
  • About Us
  • The Process
  • FAQ
  • Contact Us
  • Franchise Blog

Frequently Asked Questions

Q: We've been open for business for 5 years. We only have one location. Are we ready to franchise?

A: Yes, If you have a sound business model and systems which can be duplicated, you are franchise ready mainly because franchising is a process. Just think, Mc Donalds didn't start with the Filet-O-Fish, Mc Flurries, Mc Cafe or wrapping made with recyclable wrappers. It was a process. Many of the successful franchises today started their development when they only had one location. Even if the franchisor is planning to open a second location, it is best to establish the new location as the first franchise model. We will spend more time discussing your readiness during your first consultation. 

Q: I don't have much free time. How long will the development process take and how much time will I need to commit to this project?

A: The overall building and development process will take 6-12 months. If necessary, we can expedite your business/franchise development program to 3-4 months, when there are franchisee waiting to purchase units. We require our franchisors to meet or check in with our team on a biweekly basis.   

Q: How much money will I make as a franchise owner?

A: Each case is different and unique. The amount a franchisor will gain in revenue will vary based on the profitability of products and services. We will provide our clients with a projected forecast that will include unit sales, royalties. Additional revenue may also be gained by products sold to franchisees, such as equipment, supplies, uniforms, etc.

The Franchise Enterprise

400 Renaissance Drive #2600 Detroit, MI 48243 US

1-800-670-0583

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