How could you turn your convenient store or small supermarket into a franchise business?

Franchising a Business

To franchise any business, you need to have an established track record, with at least three to five years of operating history that hopefully shows a profit. No one is going to buy into a start-up, failing or poorly managed business. It is critical to have the business concept down to a science, with a set of standard operating procedures. It also helps if you have expanded the business first by opening several locations or units as they are called. From there you would need to prepare a set of franchise documents, including a Uniform Franchise Offering Circular, franchise agreement and marketing materials. It is wise to hire an attorney or other professional that specializes in preparing these types of documents.