Franchising is a powerful business expansion tool that a successful business owner can use to protect and grow their brand in other markets using other people’s assets. Through a contractual agreement, the franchisor licenses their trademarks and for a fee, franchisees own and operate the business according to specific guidelines that ensure consistency with the brand promise.

You must have at least one existing unit that is profitable to start the franchise devlopment process.

Like other ventures, the length of time to complete the franchise development process will vary. Depending on the type of business, you can expect that within four to six months you will be ready to sell your first franchises.