Most successful franchises started as a thriving independent business. For example, on a sunny afternoon in 1954 in San Bernardino, California when Ray Kroc went to visit one of his equipment customers. He was in awe of this tiny, but thriving hamburger stand owned and operated by brothers Dick and Mac McDonald and envisioned their restaurant concept throughout the country. Kroc shared his vision with the brothers. A few months later McDonald’s was born and the rest is history.
The McDonald’s story has been repeated thousands of times for more than half a century in virtually every industry in all corners of the globe. Franchising has given innovative entrepreneurs an opportunity to earn millions of dollars and share their products and services with other businesses and consumers.
Is your business the next big franchise opportunity? While franchising a business is a proven and tested way to achieve rapid growth, it’s important to ensure that you have a business concept then can be duplicated efficiently. Our consultants can help you meet that challenge and provide everything you need to turn your business into a profitable franchise opportunity.
First, we evaluate your business to determine its “franchisability???. This includes ensuring that your concept appeals to prospective customers through market research along with evaluating other franchising and licensing criteria determine the potential business viability as a franchised operation.
Second, its time to lay the groundwork for creating the franchise from your business concept such as legal and regulatory requirements, bio’s from the business owners, management experience and operating manuals for franchisees etc. There is plenty of important work that needs to be accomplished; however, our experienced franchise consultants are some of the best in the industry and will guide you through the entire franchising process.
Third, your business is getting closer to becoming a real franchise. At this stage we help you work out the franchise fees, royalty payments and other details that will be used to complete a franchise package for marketing and attracting franchisees to license your business concept. All of your hard work is about to pay off.
Fourth, we complete the paperwork for registering the business as a franchisor in the states you plan to have franchised locations. Each state has its own laws regulating franchises.
Fifth, you will need to either hire or assign employees that will be trained to assist prospective franchisees into becoming future franchise owners. Alternatively, we can do all the work for you with our franchise marketing program.
Sixth, now all you need to do is sell franchises to interested franchisees. Of course, we can help you grow your franchise brand with proven strategies that will propel your new franchise forward.
Contact us today and learn how we can take your business to the next level.