Top Mistakes to Avoid in Your Franchise Business Plan
Table of Contents
Introduction
Franchise buyers often assume that because they’re joining a recognized brand, their business plan will be easy to write. But that’s not true. A poorly written franchise business plan can still get rejected by banks or slow down your franchisor approval process.
Here are the most common mistakes we see—and how to avoid them.
Mistake #1: Copy-Pasting from the Franchisor’s Brochure
While it’s fine to include franchisor-provided brand descriptions, lenders want original content that explains how the business will operate in your market.
Mistake #2: No Financial Breakdown or Unrealistic Forecasts
Lenders know franchise performance averages. If your projections are wildly optimistic—or missing entirely—they’ll see it as a red flag.
Mistake #3: Skipping Market Research
Even big brands fail if the location is wrong. Your plan must prove your chosen market has demand and room for growth.
Mistake #4: Ignoring SBA Format
SBA lenders expect certain sections in a specific order. Deviating from this makes your plan harder to review and can cause delays.
How Wise Business Plans Helps You Avoid All of These
We provide:
- Customized Financial Models – Based on real franchise averages and local market data.
- Localized Market Research – To prove your concept works in your area.
- SBA-Compliant Formatting – So lenders can review your plan quickly.
- Franchise Consultant Review – To ensure your plan aligns with brand requirements.
Final Thoughts
Don’t risk delays, rejections, or costly mistakes. With Wise Business Plans, your franchise plan is customized, compliant, and funding-ready—trusted by national brands and lenders alike.
Start your free consultation today.