Assume that you are about to buy your first franchise. You plan to learn the business and become profitable in the first two years and then expand to multiple units, either by buying more units of your starting franchise or by buying into other brands (or both). Discuss various scenarios for achieving your goal, focusing on how you will finance the growth. Discuss the risks and rewards of various growth and financing scenarios.
Note: Make assumptions about your starting personal financial position and the financials of a selected franchise. Both can be hypotheticalthat is, you arent restricted to your actual financial starting point and you can pick any franchise you want, whether you actually plan to buy into it or not. However, once you name a franchise, make sure you use plausible financial assumptionsinitial costs, expected sales, profits, etc
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