Franchise Development
Steps
New Franchise Development process
Embarking on the journey to create a new franchise involves a series of strategic steps to ensure a seamless and successful development. Here is an overview of the key stages in the process:
- Conducted by telephone to understand your goals and assess the feasibility of franchising your business.
- Hard copies delivered by mail, providing a comprehensive overview of the franchising services and offerings.
- Delivered by email or fax, formalizing the agreement between your business and the franchise development service provider.
- Questionnaire delivered to the client by email or fax, initiating the information-gathering process. Initial payment is submitted.
- Presented to the client at the Kick-Off Meeting, providing insights into the competitive landscape.
- Conducted in person to delve into details, set expectations, and align strategies for franchise development.
- Delivered by email and discussed by telephone, outlining the initial strategies for franchise success.
- Franchise Disclosure Document (FDD) and Franchise Agreement crafted by legal experts.
- Time required varies by state for the legal documentation to be registered.
- Presented by telephone or in person, focusing on the visual and creative aspects of franchise branding.
- Presented by telephone or in person, detailing the marketing strategies for franchise promotion.
- May require additional on-site visit(s) to ensure thorough documentation of operational processes.
- Includes the development of identity & business systems, brochures, ads, etc.
- Ensuring the integration of technology solutions for effective franchise management.
- Can be conducted on-site to prepare for the sales phase.
- Generally occurs 4 to 6 months from the Kick-Off, marking the beginning of selling franchises in registered states.
- Services provided as needed during the twelve-month term of the agreement to support continuous success.
This comprehensive process ensures that every aspect of creating and launching a new franchise is meticulously addressed, setting the stage for long-term growth and prosperity.