Franchising
Franchising is a business model that can prove very appealing for an existing, successful operation. By providing a system that can be effectively replicated, the business can attract capable owner/managers and secure the necessary financing that will facilitate profitability and growth.
Purpose
To provide the necessary guidance, support, and access to resources for the launch or expansion of a franchise business.
Process
- Review the existing business model, its profitability and expandability.
- Formalize the objectives and goals.
- Design the franchise model, including marketing, sales and operating plans.
- Develop the financial plan, ascertain the financing requirements, and create a 3 5 year financial projection.
- Assist with the financing arrangements and programs.
- Coordinate the development of franchise documents.
- Establish a plan to secure real estate and capable franchisees.
- Identify and prioritize all necessary activities, create a timeline for completion and determine resources required.
- Provide ongoing assistance and support as required please see Business Coaching.
Results
A well organized and properly supported launch of the franchise concept that provides the foundation for profitability and growth.
Case study # 4 describes how we assisted two entrepreneurs to obtain approval for the Canadian Franchise Rights to a successful European based retail chain. For details please click on Case Studies.