After operating your business for some time, you may get to a point where you can imagine expanding opening more locations.
You have a strong following, employees that are skilled at retaining customers, and your menu is a hit!
Believing in your business’s potential to succeed is the first step.
We have organized some other important factors for you to assess before reaching out to investors and potential partners to initiate your growth.
It is extremely exciting when all of the pillars of your business are solid enough that you can imagine expanding.
When things are running smoothly, and the systems you have in place to solve problems and maintain profits are working effectively, it is time to sit down and calculate exactly how many funds were required to get to where you are.
This number, in addition to your collection of methods of operation, your financial data, and your brand concept will help you discern how realistic expansion is for you and your potential partners, enabling you to chart a course towards building your business into a franchise.
Have any questions about your business’s potential?
Reach out to us today for a consultation so we can help advise you on next steps.