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Money for Getting Your Operation Off the Ground and Running. A Business Plan. Exceptional Management Skills and Experience. Regulatory or Legal Requirements. A Good Accountant.
A detailed personal information of the applicant or the franchisee. Your business interests. Specific preferences for a business location. Your employment history. Your educational background. Your financial statement. Other information.
The franchisor. Key persons. Litigation history. Bankruptcy. Initial franchise fee. Training. Restrictions. Financing.
Money for Getting Your Operation Off the Ground and Running. A Business Plan. Exceptional Management Skills and Experience. Regulatory or Legal Requirements. A Good Accountant.
Introduce yourself. Be clear about your intentions from the first paragraph. Introduce your company: type of business, years of operation, etc. Anything that might interest the franchisor. Explain the benefits of the franchise to the reader. Provide additional material to support your case.
Learn the 4 main types of franchise arrangements: single unit, multi unit, area developer and master franchise. The franchising industry is very versatile, with multiple franchises, industry options and investment ranges.
Letter of Intent to Franchise. A Letter of Intent is used in most business transactions like franchising. Application Form. Site Location Proposal. Business Name Registration (Department of Trade and Industry) Barangay Clearance. Business or Mayor's Permit.
Legal. You will be required to prepare a standard disclosure document for your franchise operation. Accounting. You are going to need to prepare audited financial statements for the franchise company. Systems. The heart and soul of any successful franchise company is systems. Mindset.
Introduce yourself. Be clear about your intentions from the first paragraph. Introduce your company: type of business, years of operation, etc. Explain the benefits of the franchise to the reader. Provide additional material to support your case.