We can assess your current business and, if appropriate, provide you with an effective plan for franchising your business. As we assist you in developing your business systems, we will also consult with you on the best franchise sales program for your company. And we develop documents that will appeal to the prospective business owner.There are specific laws and regulations that must be followed and it is vitally important that your documentation be structured properly with a keen eye toward complying with existing federal and state laws.The franchise development process may seem complex. There are many elements that go into a successful implementation. However, these items may be broken down into the following five basic steps:
Stage 1: Formalizing Your Business Concept
The first ingredient to a successful franchise recipe is a review of your concept to see if franchising is your best option. You need to make sure that your concept is a) original; b) duplicable; and c) profitable. Experienced staff will provide you with the analysis you need to ensure that you have the information you need to be successful in your new endeavor.
Stage 2: Getting Legal
Federal law requires that a franchise opportunity is disclosed in a very specific government-regulated manner, since it falls under the category of "investment" by the Federal Trade Commission. The key documents necessary for this rigorous task are the Uniform Franchising Offering Circular (UFOC) and the Franchise Agreement. We will help you create these documents to be as marketing-friendly as possible.
Stage 3: Establishing Your Product
Once you decide to franchise, your product is no longer the widgets you usually sell - it is now your franchise. There is common documentation elements which are necessary to demonstrate the scope of your product, including operations manuals, personnel documentation, and customer service manuals. These will be prepared to your specifications.
Stage 4: Packaging Your Product
Marketing your franchise concept for sale will be crucial to your franchising success. We bring years of selling experience to the table to ensure that the materials seen by your prospective franchisees will entice them to further review your concept.
Stage 5: Selling Your Product
This is where the rubber meets the road, the reason, after all, that you are going through this development process. You want to sell franchises. We have training and documentation for you, to help you through the franchise sales process - to ensure that you put your best foot forward with your prospects and get the sale.