New Entrepreneurs Seeking How to Franchise Your Business
Use our expertise to start franchising. Learn how to franchise your business with a profit.
Franchising can be a rewarding and profitable experience, if you have the right assistance. Our consultants and staff have decades of experience in franchising, as the owners of our own franchise systems and executive officers of major franchisors like Century 21 Real Estate Corporation, achieving high levels of success and competence in franchising operations.
We know how to franchise your business and how to develop a successful franchise system. You can make use of the lessons we learned to avoid the major and expensive initial mistakes. Many new franchisors, in a hurry to expand their markets and profits with a franchising system, have rushed into expensive operations with only a hastily created Franchise Disclosure Document. Of course, much more than that is required to prepare to franchise your business.
For one thing, new franchising companies do not fully appreciate the need to carefully analyze and discuss with someone of knowledge, each and every operational aspect of the FDD. The FDD exposes every financial and operational phase of your franchise business and each section presents an early opportunity to analyze, discuss, create or discard dozens of operational methods and decisions. These decisions could make or break the entire franchise venture. You must carefully work with an experienced advisor to thoughtfully answer the important pro and con questions of when, why, how and whether you can, or should franchise your business, company, shop or store. Discuss with our consultants about:
- Whether you and your business should be franchised;
- How you want to organize your franchising operations;
- How you intend to market and sell your franchises;
- The costs of selling a franchise compared with the initial franchise fee you intend to charge;
- The basis of your continuing monthly or weekly license fee, or the percentage or flat fee that must be charged.
- What operating standards you will require of your franchisees;
- The total investment that your franchisees must expend — and how to reduce those initial costs; and
- The extent and timing of the training and ongoing support you intend to provide.
If you and your business are good candidates to start franchising, we will carefully analyze and develop the proper procedures and methods for you to use. We will assist you in planning and implementing the financial, structural and operational aspects of a profitable franchising company.
You will learn how to franchise your business, while avoiding the major mistakes in organizing and operating a franchising company.
We will be with you in every phase along the way — from the initial steps to start your franchise consulting program, through document preparation, state registration, and the sale and set-up of your initial franchise. In this process, we are confident we will have developed the rapport and confidence that will result in a long and successful franchise growth consulting partnership.
We have arranged to work with highly experienced attorneys (in the event you do not have counsel of your own). We consider our methods as the perfect blend of operational planning, consulting and training, while maintaining the valuable attorney-client relationship you will require.