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What You Need To Know

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Where do you begin? Are you franchisable? What will franchising do to your business? How much will this cost? What steps do you need to take?

So Many Questions To Be Answered

How do you determine if you’re franchisable?
What are the business advantages?
What effects will franchising have on your current business and staff?

All of these are important questions when it comes to your company’s future. In order to understand if franchising is right for your business there are 3 easy steps:

  • Take the franchisability quiz to evaluate your business and to determine if it’s possible for you to succeed as a franchisor.
  • Compare your current business to our checklist to get started on your way
  • Speak to a franchise consultant

the keys to successful franchising

There are many keys to being a successful franchisor. You must not only take into consideration the system itself, but how the franchisees will integrate into the system, how you will sell the system and how you will support your network as it grows. The Top 5 Keys for Successful franchising are:

  • Establishing a franchise strategy
  • Building a comprehensive business plan
  • Ensuring the proper agreements are in place to protect the brand as it grows
  • Implementing the proper training programs and operating procedures for franchisee success
  • Knowing how to market your brand effectively and where to find and how to select the right franchisees

It’s not just about timing. It’s about knowledge.

THIRTY YEARS AND TEN THOUSAND COMPANIES LATER

Experience, knowledge and over 39 years of success, are what Francorp offers to each and every client.

Francorp is the leader in franchising. Our proven method, plus in-house training and support from our franchise consultants, will lead you step-by-step through the process of creating a successful franchise.

We support you when it comes to anticipating the total cost of franchising your business. Our extensive experience can keep you from violating the registration process in different jurisdictions, and our marketing strategies will help entice perspective buyers to explore your opportunity without violating franchising laws. All of this, all under one roof.

Hear our success stories, or contact a Francorp’s analyst to learn about getting started on your road to successfully franchising your business or idea.

FRANCHISING IS THE MODERN WAY TO RAISE CAPITAL

The cost of franchising is often a smaller investment than the cost of establishing even one new outlet. After paying the cost of the franchise program, the remaining costs of expansion (as well as most of the risk) are assumed by franchisees. And since franchisees usually pay the franchisor an up-front fee and royalties, the right strategy for selling your franchise idea can become an immediate high-impact, low-risk revenue source.
Franchising can provide the capital for rapid growth, especially if you fit into any of these scenarios:

  • If your business doesn’t have the capital, or the people or even the time to create a company-owned growth system

  • If your business has the potential to grow faster than most company-owned programs

  • If you want to supplement an existing distribution system

  • If you need to improve systems through tighter controls or more motivated management

Think you have what it takes to franchise? Find out which qualities are essential to making it work. It only takes a few minutes to take our quiz. Perhaps you’d rather download this worksheet to determine your potential as a franchisor. You can learn more about preparing your company for franchising and the franchise timeline. Learn about Francorp’s proven method of developing a franchise in 20 steps, which has proven successful for over two thousand established clients. Of course, you’ll want to avoid the 10 most costly mistakes in franchising.
Francorp can help you decide whether franchising is the correct choice for you. We’ve provided successful service to over 5,000 very well established franchisors. Speak to a francorp consultant who will evaluate your concept and evaluate your company and its goals. Franchising is not for every company, but may be just right for yours.