How long will it take to franchise my business?
While the answer to this may sound like a bit of a cop out, we promise it isn’t! However, the answer really is ‘it depends’.
When franchising your business it is important to get it right first time and this includes getting the set-up right. This includes setting the model up and implementing all the relevant documentation. A big factor in how long this takes depends on the resource available in the business.
There are many things to consider, but these are the important ones:
- Preparation / Feasibility Phase
Timeline: Typically this is 2 to 3 months, but maybe even up to a year, depending on the complexity and readiness of the business. - The Legal Documents
Timeline: About 2 to 3 months, including legal review and revisions. - Franchise Operations Manual
Timeline: 1 to 2 months, depending on the comprehensiveness of the manual. - Marketing and Launch
Timeline: 3 to 6 months, from initial marketing efforts to opening the first franchise location.
In total therefore, anything from 3-4 months to over a year, very much dependant on the complexity of your business and whether you bring in external support to help.