Franchise Activity Worksheet

FRANCHISE ACTIVITY WORKSHEET

Directions: 1. Select a franchise opportunity that you think you would enjoy and be good operating. A business must also be profitable – you will want to find a franchise opportunity that you think will succeed financially. Use Franchise Zone (http://www.entrepreneur.com/franchises/index.html), an online directory that provides background information on hundreds of franchise opportunities.

2. Record your choice and what you learn about the franchise. A list of questions is provided to remind you of points that all investors should consider when selecting a franchise. Explain your answers in complete sentences. This worksheet is worth 30 points. HINT: If you need more information about a specific franchiser, a company web address is usually provided in the Franchise Zone directory.

3. Your franchise must be approved by Mr. Hakim.

4. Remember not to plagiarize, by just copying/pasting the information you find—does not mean you did this project—you would earn a “0”

5. Save this as “Franchise Activity” in your Google Drive folder when finished.

Franchise name Product or service Summary of franchise (your own words) Investment range (start-up costs) Is there a franchise fee? Is there an ongoing royalty fee? What is the term (time) of franchise agreement? Number of existing franchises currently Are franchise locations growing in the US, declining or “other” in the past couple years. If other, explain. Years franchiser has been in operation What financial requirements must be met? List some of its ranking history Where does your franchiser offer training take place and how long?

[Type text] What type of Marketing Support does your franchiser offer? What type of Ongoing Support does your franchiser offer? Abilities and Interests Is this a business that you think you would enjoy over time? Why?

Consumer Demand  Is there a demand for the franchiser's products or services in your community?  Is the demand seasonal? For example, lawn and garden care or swimming pool maintenance may be profitable only in the spring or summer.  Is there likely to be a continuing demand for the products or services in the future?  Does the product or service generate repeat business, explain Market Competition  How many franchised and company-owned outlets does the franchiser have in your area? Use www.yellowpages.com to find the number of the franchise  How many competing companies sell the same or similar products or services in your area?  Are these competing companies well established, with wide name recognition in your community?  Do they offer the same goods and services at the same or lower price? Name Recognition  Is the company's name widely recognized?  Does the company have a reputation for quality products or services? Financing Type Does the franchise provide any in- house support with the following?

[Type text]  Franchise fees  Startup costs  Equipment  Inventory  Accounts receivable  Payroll

[Type text]