Scenario: You own and operate Organized Space, a small business located in in the Midwest in the city of Jefferson, population 100,000. Organized Space specializes in designing space and installing furniture and shelving for customized home offices, craft rooms, laundry rooms, and closet organizers.
Your business has been profitable for the past 10 years, receives favorable publicity in the local media. For the past two years, you have expanded the business to customers in a few surrounding towns.
You want to expand the business further and are considering franchising. Before meeting with your business attorney to discuss franchising, you prepare a report that:
A. Summarize the advantages and disadvantages of franchising Organized Space
B. Evaluates the most significant factors to consider in the decision.