Getting You Franchise Ready
We work with you in an advisory capacity to get your business ready for scale.
We help you determine if your business is franchisable or what needs to happen to be in a position to be franchise ready.
This includes having clarity on the business strategy and product/service offerings to ensure you are operating in a market that has a promising outlook. It is important to have a clearly defined competitive advantage and unique selling point. It's critical that the compass is pointing in the right direction and we will help you find that sweet spot.
We also identify any operational challenges and develop strategies and solutions to streamline operations and drive efficiencies. We will help you polish your business so you have a well oiled machine.
This business makeover will develop a strong foundation for your business that will result in your current unit becoming more successful and profitable. This excess cash can now be put towards scaling your business. All of this is achieved without the need for outside capital investment in the business.
Once the foundation is in place, you are now ready to package your business model and scale through franchising.
Our Process
We understand that every company is at a different stage in their life cycle and is going through different operational challenges. During this process, we provide advisory mentorship to help you get ready to scale your business. Emphasis will be placed on where we both identify where you need the most support.
What does it mean to be franchise ready?
The franchise business is a SEPARATE business from your current business model. Your current business is offering a product or service such as a restaurant or a home service directly to a consumer. The franchise business grants the rights of your successful business concept to other business owners who will offer those products/services to the end consumer.
The franchise business is about EDUCATING and TEACHING OTHERS how to operate the business. It requires its own business plan and resources to be successful.
There are four main pillars to be franchise ready:
Franchise Model
Legal
Operational
Assembly of adequate documentation and training manuals to be able to teach someone how to operate your business successfully and offer ongoing support
Marketing & Sales
Implementing a marketing plan to market your franchise to obtain new franchises who are interested in joining and having a streamlined sales process to sign them up
We will help you prioritize what are the appropriate steps in each of the above pillars according to the phase that you are in and with the available resources.