- Research your Options on Google and use platforms like FranchiseRecovery, FranNet, Franchise.com, etc.
- Evaluate Opportunities to determine if your franchise idea will be successful
- Evaluate costs including initial fee, royalty, lease, rent, and decor, among other costs.
- Create a franchise business plan to show you are a good fit and you understand the target community
- Create a business entity; an LLC or Corporation is most suitable
- Get the franchise license agreement but read it thoroughly before signing
- Choose business location and adjust your place to the franchisor guidelines
- Hire employees and use job descriptions set up by the franchisor for hiring quickly
Here is complete guide with steps on how to franchise a business.