Besides the "obvious" franchising requirements of having a well documented "system" that has some sort of track record, there is also the need to ensure that your franchise offering complies with all of the necessary regulations etc.
Franchising a concept is an exercise in: discipline, systemisation, "workability" i.e the ability to deliver a good outcome to suitable franchisees, and compliance.
Don't even think of doing this yourself if you don't have substantial experience.
Michael Marcus
The Franchisees Advocate Group