EXISTING FRANCHISORS: If you are not depositing $0.30 into your owner's discretionary account from every $1.00 of revenue, call 800-471-1682 for a full analysis of your franchise system.
NEW FRANCHISORS: USE OUR EXPERTISE TO START FRANCHISING. LEARN HOW TO FRANCHISE YOUR BUSINESS with a profit. Franchising can be a personally rewarding and financially profitable experience, if you have the right help.
The consultants and staff at Franchise Growth Partners have several decades of experience in the field of franchising, as the owners of our own franchise systems and as executive officers of major franchisors like Century 21 Real Estate Corporation, achieving high levels of success and competence in franchising and dealership operations. We know how to franchise your business and how to develop a successful franchise system. You can make use of the many 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 the arena armed only with a hastily created Franchise Disclosure Document. They confidently believed that their present skills would allow them to run a few ads, and proceed to safely sell franchises.
Of course, much more than that is required to prepare for franchising 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 questions about whether, and how, to franchise your business.
Knowing how to start franchising includes:
(1) Whether you and your business are suitable for franchising;
(2) How you want to organize your franchising operations;
(3) How you intend to market and sell your franchises;
(4) The costs of selling a franchise compared with the initial licensing fee you intend to charge, the basis of your continuing monthly or weekly royalty, and the percentage or flat fee that must be charged. (As an example: Are you aware that there are over a dozen financial calculations to determine the proper fees to allow you to be profitable?);
(5) What operating standards you will require of your franchisees;
(6) The total investment that your franchisees must expend - and how to reduce those initial costs; and
(7) The extent and timing of the training and ongoing support you intend to provide.
If you and your business are good candidates to start a franchising business, 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 should use this moment of opportunity to learn how to franchise your business, while avoiding the major mistakes in organizing and operating a franchising business system.
And, 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 franchises.
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 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 on a continuing basis.
Email now and ask a consultant how we can help you start franchising, or Call 800-471-1682 for immediate answers.
Our sensible approach will allow you to Budget An Orderly Development Of Your Franchising Company.
