Franchise Your Business
Evaluate Your Business
Before you can franchise your business, you need to evaluate if it is a good candidate for franchising. Some factors to consider include
- Is your business profitable?
- Do you have a proven, reproducible business model?
- Is your business scalable?
- Are you willing to give up some control?
- Are you willing to train and support your franchisees?
- Do you like helping others succeed?
Develop A Franchise Disclosure Document (FDD)
The FDD is a legal document that must be provided to all potential franchisees. It contains information about the franchisor, the franchise, and the franchise agreement. The FDD must be filed with the Federal Trade Commission (FTC) and must be approved by the FTC before it can be used, this document must be updated and submitted every year to the FTC.
Recruit Franchisees
Once you have developed your FDD, you need to start recruiting franchisees. You can do this through advertising, networking, and attending trade shows. There are several organizations we can introduce you to that can handle the marketing of your franchise. We can provide this service for you as well.
Select Franchisees
Once you have received inquiries from potential franchisees, you need to select the ones that you think are the best fit for your franchise. You will need to consider factors such as their financial resources, life and work experience, and commitment to your business model.
Negotiate The Franchise Agreement
The franchise agreement is a legally binding contract between the franchisor and the franchisee. It outlines the terms of the franchise, such as the franchise fee, royalties, and territory.
Provide Training And Support
Once you have signed a franchise agreement with a franchisee, you need to provide them with training and support. This will help both you and them to be successful in their business.
Monitor Franchises
Once your franchisees are up and running, you need to monitor their performance to make sure they are complying with the franchise agreement. You may also need to provide them with additional training or support.
Franchising can be a great way to grow your business and expand into new markets. However, it is important to carefully consider the risks and challenges involved before you decide to franchise your business.
WE OFFER COMPREHENSIVE SUPPORT AND GUIDANCE FROM FRANCHISE INCEPTION TO SALE!
We have a team of professionals who are the only group providing you with guidance and support upon completion of your franchise documents through your growth as a Franchisor.
Whats Needed To Franchise Your Business
- Franchising documentation required by the FTC to be a Franchisor.
- Franchise Disclosure Document Development (FDD) from qualified legal teams.
- Financial Consulting (Item 19).
- Operations Manual Development.
- Comprehensive Business Analysis.
- Systems & Operations Consulting.
- Comprehensive Marketing Material development to find potential franchisees.
- Regional and National Brand Exposure.
- Contact Relationship Manager – (CRM) to manage your Franchise Leads.
Whats Needed To Grow Your Franchise System
- Proven Sales Program Development.
- Franchise Development Services by Franchising Experts.
- National Trade Show Participation with Full Representation.
- Including all Trade Show Booth Materials.
- Full Suite of Brokerage Companies.
- Market Your Franchise.
- Google SEO, Social Media Customizations, Website Development and Custom Landing Pages.
LET US HELP YOU SUCCEED!
Your Franchise Fit team can assist you in taking your company into the world of franchising. Our team can help you build your dream business from coast to coast.
