Making the most of the Franchise Investment:
Obtaining a franchise has many attractions and can be highly successful. There are franchise opportunities available in many business sectors.
It provides the purchaser (The Franchisee) with a proven business model, strong branding and a set of processes to follow supplied by the Seller (The Franchisor).
A Franchise Agreement is usually for a fixed term of 5 years, then renewable, and involves an ‘Up front’ payment and an ongoing payment based upon a percentage of monthly turnover (known as a franchise fee).
This model has a number of advantages over other businesses and banks like lending to this form of enterprise, if lending is needed and have specialist departments established for the purpose.
What do we find?
Like any other business, it is down to the business owner (Franchisee) to develop the business applying all the necessary skills and acumen to make a success of the venture; essentially planning, marketing, sales and financial management.
Unlike other businesses there is a need to perform and meet the key performance indicators set by the franchisor. The Franchisor’s business will only flourish if they recruit the right people as Franchisees to replicate their business model and deliver the results consistently. Failure can result in the franchise not being renewed and the initial invest being lost.
How can we help?
Pro-actions support both Franchisors and Franchisees, helping them to improve their business results.
Working with Franchisees, developing their Business and Marketing & Sales Plans and helping them put in place sound financial, cash and Key Performance Indicator reviews.
Good recruitment always starts with being clear about what you are trying to recruit for. This sounds simple but is rarely easy…Read More
From humble beginnings: Often the business starts with just the founder and perhaps an assistant. As the business grows, new people are brought in and they start to cover more and more roles.Read More
So, you have organised your board meeting, invites, the agenda and board papers have been circulated and everyone has arrived on time…. what happens now?Read More