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We will walk you through all eight steps of your development plan delivering ten to twenty pages per week for your review and approval. After about 8 weeks you’ll be able to meet (or Zoom) with interested prospective franchisees. By the 12th week you will have training manuals to begin introducing a new member to your franchise system.
Our initial step is to evaluate your business model to evaluate how your Franchise offering will be accepted in the marketplace. We’ll evaluate profitability, flexibility and evaluate competitive offerings. Then we’ll create a Strategic Plan to guide our development of your customized program. Only on your acceptance of our research and suggestions do we move to the next steps.
We’ll work with you and our law firm to develop the necessary documents (a Franchise Disclosure Document and a binding Franchise Agreement). You and The Franchise Doctor will develop the Initial Franchise Fees and Royalty structure that will produce the majority of your system’s income stream for years to come. These documents are required under federal law to ensure that your franchisees understand the requirements of your system before they invest. Franchisees are usually bound to their Franchisor for 10 years so it’s critical that we spend time assessing the hundreds of ways the relationship can be created to provide outstanding results for both parties.
You, your staff and The Franchise Doctor will develop comprehensive Operations Manuals that will be the basis of each Franchisee’s initial training in your system. These include details of site selection, facilities, equipment, inventory, staffing, marketing for customers, delivery of products and services. In essence everything a new owner needs to open and succeed as a Franchisee.
We will create a Sales & Marketing Program covering the best methods for finding and signing up the best owners to ensure the growth of your system. We’ll visit your site to teach the intricacies of this program or deliver the contents by Zoom at your request.
Because you want to recruit the best quality franchisees, we provide you with FranchiseFit Entrepreneurial Reports assessing the skill set of each applicant. This proprietary tool permits prospects to verify their personality traits and matches them with the functions needed to manage a successful business. You will then be able to coach each franchisee to reach their full potential in your system.
We will teach you how to collect Key Performance Ratios that will help each franchisee evaluate their monthly progress toward their goals. This data provides you with the information you’ll use when coaching franchisees to make minor course corrections in growing their franchise unit.
The most successful business owners have an exit plan. Whether passing ownership to children, a competitor or a venture capitalist—steps taken five or ten years in advance often make a six-figure difference in the amount received by you or your estate. Postponing critical decisions should not be an option regardless of your age.
After devoting 50 hours a week for years some owners prefer to rise to an “Executive Advisory” role and continue 100% ownership and a full salary while devoting only 8 to 10 hours per week to the company. As few as 10 franchisees are usually needed to achieve this goal.
Let’s talk to explore the possibilities that Growth Through Franchising offers. No high-pressure sales tactics here–we understand this is a major investment for you that should not be rushed.
Wondering if Your Business is Franchisable? You are not alone. This is one of the most common questions we answer at The Franchise Doctor. Download your free Evaluation below.
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Our eight-step program has been improved since 1987. We will produce what you need and teach you how to implement it. We’ll be here to answer questions that arise as you work with interested prospects. This part of our consulting is done without additional charges.
Franchising Your Business can double your personal profits in only 3 to 4 years using Franchise Owners’ Capital. A net worth growth of 4x or 5x is not uncommon by your 5th Anniversary in Franchising.
Recognizing that “You Can’t Take it With You,“ most owners reach a point that they’d like to sell. Studies show that less than 20% of small businesses that are listed for sale ever sell! We will help you overcome the challenges that result in so many small business owners (or their heirs) not being able to get a decent price for their company.
Developing a program that will allow you to receive your current income for years after you cut your time commitment to your company by 80%. During this time, your company’s net worth will grow year-over-year as you continue to own 100% of the equity. While your Franchise Department grows, you’ll utilize our training to build a management team to share your workload and give you the luxury of reducing the time you devote to your empire.
Let’s talk to explore the possibilities that Growth through Franchising offers. No high-pressure sales tactics here–we understand this is a major investment for you that should not be rushed.
*If you decide this isn’t for you, we’ll promptly remove you from our database and you’ll never hear from us again.
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Franchising Your Business can double your personal net worth in only 3 to 4 years using Franchise Owners’ Capital.
Less than 20% of small businesses that are listed for sale ever sell. Franchising makes businesses sellable.
Leverage the efforts of others. Reduce your time commitment while increasing profits.
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Grow Your Business Through Franchising
We believe the more you know about franchising, the greater the probability you'll reach the right decision for you.
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