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Price is one of the primary factors customers consider when making a purchase decision.
This business plan examines a take-out pasta franchise with a careful consideration of the marketplace, a crucial step, considering the highly competitive marekt in which the store will operate.
This new concept in food service has a good location, but so do its competitors, all of which are located in a highly trafficked upscale shopping area.
Some details must be included in franchise business plans to be considered by the funding panel.
Here is a list of the five details that you need to make sure are included in the business plan.
The franchisee and franchisor need to agree on the pricing system to avert any disagreements down the road.
For instance, you need to discuss how often the prices will be adjusted as well as the various factors that would result in price changes.
Needless to say, if the business plan is not well written, you will end up making misinformed decisions that will spell doom for your business.
Therefore, the plan of activities for the franchise should only be drafted by someone or a team of experts who have the required skills and clear understanding of the importance of the document.
Note that promotional adverstising is a high percentage of sales.
The market demand has never been greater for food that is healthy, economically priced, and great tasting.