Assessor Resource

BSBFRA402
Establish a franchise

Assessment tool

Version 1.0
Issue Date: April 2024


This unit describes the skills and knowledge required to establish a franchise from the initial research phase through to finalising a franchising agreement with the franchisor and opening the franchise for business.

It applies to potential franchisees who will operate under formal franchising agreements and focuses on the planning aspects of the establishment of a franchise.

No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Identify opportunities for establishing franchise

1.1 Research and identify franchising opportunities

1.2 Determine own interests and skills to assess suitability for identified opportunities

1.3 Determine requirements for establishing a specific franchise

1.4 Research and check viability and business record of franchisor in prospective franchise

1.5 Enter into negotiations with a franchisor to establish a franchise

2 Complete business plan

2.1 Access business plan proforma, as appropriate

2.2 Consult franchisor and others in process of developing business planning documents

2.3 Research and determine financing options

2.4 Finalise financial planning for franchise

2.5 Undertake market analysis for franchise opportunity and complete marketing plan

2.6 Research and determine needs for premises in appropriate area

2.7 Compile relevant information into business plan

3 Identify and address learning needs

3.1 Determine required skills and knowledge to manage a franchise, and identify gaps for self and others

3.2 Seek assistance to assess and address learning needs and document these in the form of a learning plan

3.3 Determine training required by franchisor of a franchisee

3.4 Undertake learning plan and required training programs

4 Finalise agreements

4.1 Complete finance agreements

4.2 Access legal advice as required

4.3 Finalise and sign off franchising agreement

4.4 Obtain required permits for franchise operation

4.5 Finalise contracts and agreements with third parties

5 Prepare for opening of franchise

5.1 Obtain physical and human resources required to manage franchise

5.2 Undertake marketing activities associated with opening the franchise

5.3 Open the franchise for business

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1 Identify opportunities for establishing franchise

1.1 Research and identify franchising opportunities

1.2 Determine own interests and skills to assess suitability for identified opportunities

1.3 Determine requirements for establishing a specific franchise

1.4 Research and check viability and business record of franchisor in prospective franchise

1.5 Enter into negotiations with a franchisor to establish a franchise

2 Complete business plan

2.1 Access business plan proforma, as appropriate

2.2 Consult franchisor and others in process of developing business planning documents

2.3 Research and determine financing options

2.4 Finalise financial planning for franchise

2.5 Undertake market analysis for franchise opportunity and complete marketing plan

2.6 Research and determine needs for premises in appropriate area

2.7 Compile relevant information into business plan

3 Identify and address learning needs

3.1 Determine required skills and knowledge to manage a franchise, and identify gaps for self and others

3.2 Seek assistance to assess and address learning needs and document these in the form of a learning plan

3.3 Determine training required by franchisor of a franchisee

3.4 Undertake learning plan and required training programs

4 Finalise agreements

4.1 Complete finance agreements

4.2 Access legal advice as required

4.3 Finalise and sign off franchising agreement

4.4 Obtain required permits for franchise operation

4.5 Finalise contracts and agreements with third parties

5 Prepare for opening of franchise

5.1 Obtain physical and human resources required to manage franchise

5.2 Undertake marketing activities associated with opening the franchise

5.3 Open the franchise for business

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Research and identify franchising opportunities 
Determine own interests and skills to assess suitability for identified opportunities 
Determine requirements for establishing a specific franchise 
Research and check viability and business record of franchisor in prospective franchise 
Enter into negotiations with a franchisor to establish a franchise 
Access business plan proforma, as appropriate 
Consult franchisor and others in process of developing business planning documents 
Research and determine financing options 
Finalise financial planning for franchise 
Undertake market analysis for franchise opportunity and complete marketing plan 
Research and determine needs for premises in appropriate area 
Compile relevant information into business plan 
Determine required skills and knowledge to manage a franchise, and identify gaps for self and others 
Seek assistance to assess and address learning needs and document these in the form of a learning plan 
Determine training required by franchisor of a franchisee 
Undertake learning plan and required training programs 
Complete finance agreements 
Access legal advice as required 
Finalise and sign off franchising agreement 
Obtain required permits for franchise operation 
Finalise contracts and agreements with third parties 
Obtain physical and human resources required to manage franchise 
Undertake marketing activities associated with opening the franchise 
Open the franchise for business 

Forms

Assessment Cover Sheet

BSBFRA402 - Establish a franchise
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

BSBFRA402 - Establish a franchise

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: