Our Franchise Development Consultants will help your brand in developing strategies that are aptly executable and relocatable. We design franchise models considering your organizational structure and your core strengths. We help the brand identify its USPs which will eventually help to sell franchises better.
Our franchise consulting process includes thorough prospecting, which will help the brand fill in their operational gaps considering the peers. A Financial model is developed with complete cash flow management, revenue statements, and profit & loss statements, for the franchise as well as the franchisor. Our staff is supportive in nature where Franchise advice is taken on top priority which will help the users in the entire field.
STRATEGY
A lawyer might say that first you must comply with franchise laws. But that’s not really the first step. To start with, Franchise Times recommends the formation of a business plan. Franchise Times will help you decide, based upon your own presence in the marketplace and the strength of competition, where to sell franchises and who to sell them to. (What is the profile of your prospective franchisee?) Franchise Times will also assist, based upon similar criteria, what the franchise fee and royalties will be and what percent of sales franchisees must contribute to regional or national advertising.
LEGAL
Every franchise must have a franchise agreement that thoroughly describes the offering made to the franchisee.
OPERATIONS
Franchise Times will develop a comprehensive Operations Manual that lists in detail all of the tasks required to operate the business, from unit opening, Operational SOPs and even exit formalities. The Operations Manual serves as a vital reference tool for franchisees once training is complete
MARKETING
Having decided where you want to sell franchises in the planning stage, and having drawn up a profile of your prospective franchisee, you must now determine how to get your message to these prospects. Some of the ways include media advertising, appearance at business opportunity trade shows, seminars, direct mail and Internet advertising. You must also create the materials that will contain that message, including advertisements, a franchise brochure etc.
SALES
While Franchise Times doesn’t function as a broker for our clients, as part of our Franchise services. Franchise Times provides franchise sales training to new and existing franchisors. Attendees are taught by industry experts with years of franchise sales experience, receive a “how to” manual and personalized instruction on how to sell effectively. On an ongoing basis, Franchise Times provides implementation consulting to ensure that the lessons learned in the classroom work effectively in achieving sales.
FINANCE
Optimal capital requirement, Franchisee Fee & royalty expectations, rentals and man power suggestions.
New Franchisors
There are a number of ways of growing or expanding a business. Whatever choices there may be, business owners who are in the hot seat to make a judgment, should consider the best possible option that is in line with their main objectives.
Franchising is a low-cost means of expansion and growth. For which, you will need to develop a strategic plan, legal documentation, marketing and advertising materials, operation manuals and training programs. Virtually every successful franchisor starts with a vision of the future and the role their company will play. A successful franchisor understands the dynamics of the marketplace, the competitive situation and where they fit into the marketplace. More important, the franchisor will have an intuitive grasp of where the marketplace is heading and how that’ll provide the company with an opportunity for growth. Vision alone is never enough. You must translate that vision into reality in order to achieve success.
We at Franchise Times are experts in Franchise Business consulting. We will help you consider whether the business is one that can and should be franchised. Almost anything can be franchised, but only an examination of the market, the competition, and the products and services of the business will tell you if it should be franchised. The franchise concept has to be customized and then replicated according to the location. We ensure it is differentiated from competing concepts at the franchise level.
Our Development program for new franchisors encompasses the following elements
- Franchise Times Consultation
- Business Seminars
- Market Research & Competitive Analysis
- Strategic Planning & Business Plan Development
- Operations Consulting and Manual development
- Web System Development, Guidance and Consulting
- Prototype Development Consulting
- Franchise Document Drafting Services
- State Filings & Registrations
- Advertising and Marketing Services
- Franchise Internet Marketing
- Media Plans & Budgeting
- Franchise Sales Training
- Training Materials
- Franchise Sales Training
- Franchise Management Training
- Implementation Consulting
- General Consulting
Existing Franchisors
Franchising can be an excellent way of expanding a business, however it does not always go according to plan. To maximize the benefits of having a franchise network, there are a number of key areas franchisors should focus on. In many smaller companies, Business Plans are often developed at the outset of a project and seldom reviewed or updated. At Franchise Times, we expertise in developing a firm foundation for the future through our Franchising plans.
Also, most of the franchisors lose sight of the reason why one is franchising as they are unable to allocate time to review the reasons and benefits of their franchise strategy. Franchise Times’s expert consultants structure clear short, medium and long term objectives to be achieved from a franchise network.
It requires sufficient resources, time and budget to manage a franchise network effectively. Franchise Times also enables you to recruit more franchisees and get the best out of your expansion plans.
We provide a strong support system for existing franchisors. Some of the elements of our support system are mentioned below:-
- Industry Research Services
- Legal Document Revision
- Registration Updates & Renewals
- Operation Manual Drafting, Review and Revision Services
- Web System Development, Guidance and Consulting
- Franchise Sales Training
- Franchise Management Training
- Franchise Program Review
- Franchise Internet Marketing
- Lead Generation Services
- Sales Strategy Critique & Training
- Advertising and Marketing Services
- Franchise Ads & Media Planning
- Market Research Services
- Special Projects
- Expert Witness
The Concept Explanation
If you feel you have a product or service which people want and a strong latent demand exists for your product then we advise that you should opt for the franchise route. Franchising would save you from the hassle of investing all the capital yourself. There are numerous formats through which you can franchise your business and selecting the right model is the key to succeed in today’s highly competitive business environment. At Franchise Times we not only help you select the right mode of expansion but also simplify the process for you.
You have questions and concerns? You need answers from someone you can trust. Franchise Times has consulted with over 10,000 businesses, and has guided more than 3,000 companies to franchise success. This expertise puts Franchise Times ahead of the game.
No matter which way you choose, we’ll take good care of you when you call. You’ll learn what services we offer. Expect a timely response from a Franchise Analyst who will provide the information and guidance you are seeking.
Contact FRANCHISE TIMES now by filling out a contact form, or meet one of our Senior Consultants in person when you come to one of our Discovery Day
- Free Consulting
- Contact Form
- Meet Us on Discovery Day
