If your business is booming, then it is time to think of expansion! One of the best ways to expand your business is by franchising. In general, companies decide to begin franchising for one of three reasons: lack of money, people or time.
Franchising allows companies to expand without the risk of debt or the cost of equity. Since franchisees provide the initial investment at the unit level, franchising allows for expansion with minimal capital investment on the part of the franchisor.
A lot of businesses think they cannot franchise because no one will be willing to invest in their business model. However, this is not true.
Franchising is a relatively flexible format, and just about any type of business can be franchised, provided it meets some basic characteristics:
- Does your company have experienced management staff? A track-record over time? Is the concept proven? If the answer is YES means that you own a CREDIBLE business.
- Is your business adequately differentiated from its competitors? Is it marketable as a business opportunity? If the answer is YES means that you own a UNIQUE business.
- Are the systems in place? Are operating procedures documented? Could someone learn to operate your business in three months or less? If the answer is YES means that your business is TEACHABLE.
- Your business provide an adequate return? If the answer is YES means that your business is PROFITABLE.
Fortunately for you with our Franchise Development Program, we can practically guarantee that your business will have franchisees lining up in no time at all!
You are not alone! We offer all the help you need. From legal help, to help with accounting, banks and territory mapping and what not! We have all our bases covered and we do everything to make sure that your franchise will take off and face no problems or glitches whatsoever! Properly structured, franchising can allow small companies to more effectively compete with much larger competitors. But remember you are not alone anymore. So we need to follow together a few steps that help us with creating viable franchising opportunities for your business at the right place and the right time.
The first thing we do is evaluate your business to assess it. There are 21 tiered assessment criteria. We view 21 aspects of your business which helps us determine the best route to take when it comes to franchising your business. If your business meets these criteria, then it may be a good candidate for franchising.
Once we have decided what route to take with franchising we develop your brand image and execute everything else to ensure you a smooth transition into the franchising world.
Our trustable lawyers, investment experts and franchising experts will help your business for the best. There is a certain standard that you will need to apply across all of your franchises which you will need to finalize. There are a lot of small details especially legal details that need to be taken care of and will be taken care of during this step. And obviously, your entire plan needs to be subjected to rigorous financial analysis and scrutiny to fine-tune your strategy for growth. The key to success in franchising is successful franchisees. Without successful franchisees, no franchise system will last.
RECRUITMENT FOR THE FRANCHISE
Considering the many benefits franchising offers an established business, the sudden increase in number of franchisors is not surprising. However, in the current economic climate, success largely depends on planning and developing a proven business formula that others can buy into. The sheer number of companies offering franchising opportunities nowadays means that it is becoming increasingly difficult for new franchisors to promote their franchise.
BUT YOU ARE NOT BY YOURSELF…
Although a clear business format which includes your brand, business system and support services under the contractual terms of a franchise agreement might appear simple. The real challenge is finding a clear way to grab the attention of prospective franchisees and selling your franchise to them.
We bring you franchisees who will be interested in investing in your business and opening one of your franchises. We target people who we know will most likely be interested in investing in a franchise. We have experts on board who can identify the people to target, people who are most likely to be persuaded into investing in your business model’s franchising opportunity.
As you can see, our franchise development program include everything to start a franchise system and funding you the right partners. For more details submit the below form or call us at +966536666331.