Step 5: Plan

Prepare your business plan with expert guidance, explore your financing options, and ensure you understand the Franchise Disclosure Document.

Buying a franchise business is an important decision. Most successful franchise owners take the time to create a detailed plan, and then work that plan until they reach their business goals. There may be a few bumps in the road, but a good business plan will keep you on the path to success.

The beauty of franchising is that you will be in business for yourself, but not by yourself – with the support of a franchise company and many other franchisees behind you. A good franchise will provide you with detailed information and the tools to assist with your planning process. Below are a few valuable tools to help get you started.

Create your Business Plan

  • Common start up costs from Item 7 in the FDD
  • Create a 5-year income statement
  • Include business projections with liabilities, income, wealth and equity
  • Create a balance sheet
  • Download FBRs free Franchise Financial Planning Workbook” which will step you through the process

Understand Your Financing Options

As a rule, lenders will typically require you to provide 20 to 30 percent of the total franchise investment as a down payment for a loan – the rest can come from several options. FBR’s financing center can help you identify the best fit for you. Here are the most popular franchise financing options:

Learn more about your franchise financing options.

Franchise Business Reviews Due Diligence Checklist











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