Franchise Feasibility Study Example For Business
Description
How to fill out Franchise Feasibility Test?
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FAQ
A feasibility study will look at the costs and revenue of a potential franchise model, NOT your existing business model. Franchisees may incur more costs due to royalties, training, or build-out requirements, may experience higher revenue due to name recognition, and enjoy larger margins due to purchasing power.
How to write a feasibility study Describe the project. Outline the potential solutions resulting from the project. List the criteria for evaluating these solutions. State which solution is most feasible for the project. Make a conclusion statement.
7 Steps to Do a Feasibility Study Conduct a Preliminary Analysis. ... Prepare a Projected Income Statement. ... Conduct a Market Survey, or Perform Market Research. ... Plan Business Organization and Operations. ... Prepare an Opening Day Balance Sheet. ... Review and Analyze All Data. ... 7. Make a Go/No-Go Decision.
Conducting a Feasibility Study Step One: Conduct a Preliminary Analysis. ... Step Two: Prepare a Projected Income Statement. ... Step Three: Conduct a Market Survey. ... Step Four: Plan Business Organization and Operations. ... Step Five: Prepare an Opening Day Balance Sheet. ... Step Six: Review and Analyze All Data.
A feasibility study starts with a preliminary analysis. Stakeholders are interviewed, market research is conducted, and a business plan is prepared. All of this information is analyzed to make an initial "go" or "no-go" decision. If it's a go, the real study can begin.
