We can assist you in creating the strategy and plan you’ll need to launch your franchise.
STRATEGY FOR FRANCHISING YOUR COMPANY
Every company needs a distinctive franchise strategy. It might be difficult to develop the right plan for a business to succeed as a franchisor. Although the legal forms needed to become a franchisor are quite simple, the business decisions contained in those documents take a great deal of analysis and consideration.
Every successful franchise system is built on the business strategy used to structure the franchise offering, and effective strategy formulation can ensure that your objectives are reachable. Understanding what is best for your business can help you develop a franchise product that will appeal to the franchisees you want to attract. Whether your intended franchisee is a multi-unit developer or another type of potential franchisee, having a franchise system built to appeal to single-unit franchisees can restrict your expansion and cause issues with effectively sustaining your franchise network.
We identify the types of potential franchisees and the strategies our clients utilize to attract the appropriate franchisee classes and quickly close the deal in order to help them develop more quickly. We also discuss the duties and responsibilities that our clients will have as franchisees and decide how they want their relationship with them to be organized. RegionaltoGlobal decides what rights are granted to franchisees as part of their license and what rights are reserved for them and not granted as part of the franchise offers when establishing our strategy for our client’s franchise system.
The economic relationship between the franchisor and its franchisees, with an emphasis on developing a business model that is both marketable and sustainable, is the foundation of any successful franchise system. Based on in-depth economic modeling, our examination of the market for prospective franchisees, how we wish to position the brand, and our vast experience, RegionaltoGlobal provides its financial recommendations for the initial and ongoing fees.
DETAILED CLIENT ENGAGEMENT
Important questions will come up as businesses start to think about creating a franchised system. Even before the engagement starts, we take the time to talk to and educate our clients about franchising. In order to assure awareness of the development process and the dynamics of franchise system management, each client engagement starts with a franchising overview class. In order for our clients to actively engage in the creation of their franchise system, we strive to dispel any fallacies they may have learned about franchising.
The reason RegionaltoGlobal is successful as a franchise advisor is that we understand from experience that careful consideration must be given when creating our customers’ franchise systems for success. Fungible solutions are rarely successful. Because we are aware that the value of any franchise system depends on the consistent delivery of the franchisor’s brand experience at the consumer level, we balance the economics of the relationship with the aim of guaranteeing sustainable growth for the franchise system.
The following are some of the major aspects we look at when designing the franchise system for one of our clients:
- The idea that will be franchised
- Franchise requirements and problems
- With territorial grants, if any, to support the company’s needs and capacities and to provide vital mass market coverage.
- Franchisees receive initial and ongoing headquarters and field training and assistance
- Conditions for taking part in system-wide programs
- Setting up and enforcing operating guidelines
- Before, during, and after the initial opening phase, franchisee support will be offered.
- relations with franchisees
- Expansion of the franchise system and estimating growth estimates per class of franchisee
- Organizational structure and operational procedures
- Modeling expected financial performance for the franchisor and each class of franchisees, as well as initial and ongoing fees
