15 Key Questions Franchise Quiz

“Should I Franchise My Business?”

There are many variables that a business must consider before embarking on a franchise development program. When considering, “should I franchise my business?”, the first step is to determine if franchising is a viable expansion method for your business. To assist you, we recommend completing our 15 Key Questions Franchise Quiz. Although there are additional factors that enter into the decision to franchise your business, the number of positive responses to the questions is a good indicator of your company’s initial franchise potential. Once you have completed the quiz, you will have the option to submit your contact information and quiz results to us for our evaluation. Since the questions have been weighted based on their importance to the decision to franchise your business, we encourage you to schedule a FREE Franchise My Business Consultation so that we may provide you additional considerations and information based on your responses.

Does your business operate using proven processes and procedures (i.e. is the business systematized)?

Can others be trained to duplicate your system of operation?

Have you developed proven advertising and marketing programs, sales techniques and/or other methods to attract customers to your business?

Is your business profitable?

Is the profit margin sufficient to permit a Royalty Fee (i.e. a percentage of gross sales) to be paid by Franchisees while still providing a fair profit?

Will the projected initial investment required to develop and begin operating a franchise location permit the Franchisee to earn a 100% ROI within 5 years?

Has the business been in operation for more than two years?

Do you have more than one operating location?

Does your company enjoy a good reputation with customers and suppliers?

Will your current operation serve as the prototype for the Franchise Business (with minimal modifications required)?

Can your business be operated successfully in a wide range of markets?

Do you have regional and/or national sources of supply for equipment, fixtures, furnishings, inventory, products and supplies?

Is your industry projected to grow?

As additional locations open, do economies of scale exist related to purchases of equipment, inventory, products, supplies, and/or advertising and marketing?

Do you have existing employees who will assume specific responsibilities within the franchise operation (i.e. franchise sales, training, support, supervision)?


Please enter your contact information below if you would like to submit your quiz results to us for our review. Since the questions have been weighted based on their importance to the decision to franchise a business, we would like to have the opportunity to provide you additional considerations and information based on your responses.



First Name
Last Name
Company Name
Email
Phone
Although few companies can answer “yes” to every question, the number of positive responses is a good indicator of your company’s potential to create a successful franchise operation. If you answered “yes” to a number of these questions, you may also wish to review the benefits of franchising your business.
If you would like to discuss your responses to these questions with our senior management team, we invite you to complete our initial consultation form by clicking on the Contact Us button below. Following your submission, we will contact you to schedule a call to discuss additional considerations and information based on your responses.

FranSource was founded in 1997 to assist companies across the U.S. in developing successful franchise operations. If you are searching for a comprehensive franchise development solution to assist you in creating a robust franchise operation, we invite you to review our exclusive Franchise Essentials Development Program. Under this program, our experienced team advises and assists you in developing every aspect of your franchise operation. For those companies that qualify, the Essentials Program also reduces the amount of capital required to create a franchise business by deferring a portion of our development fee until you begin granting franchises. Please contact us for additional details and to schedule a free Franchise My Business Consultation.