Step1: Two-Hour Consultation About Franchising
“One small investment in time. One giant leap for your future.”
An in-depth discussion about the nuts and bolts of franchising, before you decide to franchise your business. THE ESSENTIAL FACTS YOU MUST KNOW before making this important decision.
The Essential Facts
Overview:
- What nobody else will tell you about franchising before you spend your hard-earned capital.
- What are the financial benefits to franchising my business?
- The 3 biggest questions we encourage you to “answer” before you decide to franchise your business.
- What is the difference between: “Is your business concept franchisable?” and “Are you franchisable?”
- What are the major legal, operational and financial advantages, disadvantages and differences of selling your business as a Business Opportunity, a License or a Franchise?
- What are the three stages of franchising?
- What does it actually cost to franchise your business? (Low – Medium – High)
- What are the minimal resources required to become a franchisor?
- Should I expand through company-owned locations, pure franchising or both?
Operational:
- How do I determine what fee structure (initial franchise fee, royalty, ad fund, miscellaneous fees, etc.) to charge?
- What are the most affordable options to produce a high quality Franchise Disclosure Document that complies with federal and state laws?
Marketing/Sales/Operations:
- What is the “real cost” of selling a franchise? (Internet, Newspaper, Magazine, Franchise Consultant Referral)
- What are the advantages and disadvantages of selling my franchises through an in-house sales department or outsourcing to franchise consulting firms?
- What is the “real cost” of training a new franchisee?
- What is the “real cost” of supporting a franchisee?
- Should I produce my own Business Operations Manuals or invest in a consulting firm to prepare these documents?
- How can I be certain that my royalty income will meet my operating expenses.
