If you want to franchise your business, you will need to allocate some funds and allow between six to twelve months to complete the processes. That means if you’re looking for a get rich quick scheme, this is not the path for you. The set-up cost can range from $25,000 to $150,000 plus. The variation in establishment costs depends on the type of business, the structure, what the owner already has in place and the fees of consultants and lawyers.
The main establishment costs for franchising a business include:
Developing a training program
Preparing for franchising – including developing documentation and review of all systems (including operational, marketing, sales, financial etc.)
Developing and packaging your offer
Developing and implementing the recruitment strategy
Company set up