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There are a number of questions that are asked on a regular basis, please read through them. If you have a question that is not answered below just click here and type in your question.
• What is Franchising?
The term Franchising derives from the French which means privilege, where in the middle ages the monarchy gifted a franchise for such things as; the use of farm land, sale of alcohol, food and other commodities. The modern day Franchise is a business relationship between one business; the Owner of a product, business process or trademark and a second business entity; the Operator. A franchise agreement regulates on the relationship between the parties and details the particular responsibilities and obligations. A Franchisor licenses its trademarks, proven business methods etc., to a Franchisee in exchange for an up-front payment in the form of a franchise fee and on-going fixed royalty or turnover payments. Usually a Franchisor will offer, training, marketing, coaching and mentoring in supporting their Franchise network.
• What advantages are there to Franchising compared to opening company owned sites?
Although, there are many reasons to Franchise your business, the 3 main reasons are, Finances, Growth and People. Franchising eliminates the need to secure outside capital to initiate an expansion program, avoiding all the ‘hurdles’ and ‘hoops’ that route entails. Franchising avoids the problems of slow or stagnant growth, as each Franchisee joins your expansion program accelerates and is self funding. Franchising eliminates the problems of finding the right employees, the Franchisees become your management team. In short, Franchising solves the problems of Money, Time, and People. You ‘Franchise for Growth and Profit’
• Is Franchising costly and difficult?
It is true that developing a Franchise system can be fairly complicated. There are many steps and a significant amount of detailed work involved. For the inexperienced, you will make some early mistakes, some potentially will be costly. The FranchiseRoute Franchise development system smooth’s out complications and eliminates expensive mistakes. Indeed, the main reason our clients choose FranchiseRoute is that we simplify the Franchising process for them.
• How long does it take to launch my Franchise?
If you were to contract with FranchiseRoute today your business would be ready to launch within 5 weeks. Your Franchise recruitment advert and process will be there for the world to see in less than 35 days from today.
• How do your fees work?
The initial investment is £3500 which includes your first 6 months online Franchisee recruitment advertising. The initial investment also includes the production of the recruitment process documents, Franchise agreement, training course documentation and if required ongoing coaching and mentoring programmes. After that we work on a success system, quite simply we only receive fees when we recruit your Franchisees. There is no financial exposure to you or your business.
• Why should I contract FranchiseRoute rather than buying sample forms and 'tweak' them?
This is a brilliant question. Franchising is a complicated operation unless you prepare a Franchise system professionally, as we do on your behalf. There is NO ‘one fits all, off the shelf’ package. Just think about it, a Restaurant Franchise, will have different requirements to an Accountancy Franchise; an Adult Care Franchise to a Website development Franchise and so on. Why take a chance with something that you are going to sell for many thousands of pounds. The potential to make a simple mistake that could cost your Franchise financial loss or in the extreme, cause the Franchise programme to fail is real. Do it once and do it right.
• Could I Franchise the business myself?
The answer is Yes but similar to the previous answer, we don't recommend it. You might make a serious and costly mistake and you also have a business to run. To Franchise yourself will take longer than if you use our services, it will probably cost more in legal fees alone and we will start recruiting your Franchisees faster, therefore delivering your investment quicker.
• How much time do I need to invest?
Prior to the launch of your Franchise we ask for only 3 hours of your time, that is because we do 95% of the work, you just need to check over the documents and agree them for issue. After launching, your time is minimal, probably less that 2 hours a month…not much of an investment for expanding your business.
• How long is the contract period with FranchiseRoute?
A rolling 12 months. Because we work on a success partnership, if we are expanding your Franchise network each and every month, then we feel you will retain our services. On the other hand if you feel FranchiseRoute is not delivering what you thought you can terminate the agreement.
• Are there any on-going charges?
No. You pay our fees on what we deliver and that’s it. You and your business are not exposed to any future payments or royalties.
• What are the downsides?
In reality, for your business there are none. Your business will gain on-going, regular cash injections that you will not have to pay back or pay interest on, your business will expand with people who are loyal to your business and your brand and business will become more valuable. All in all a great business opportunity.
• What is the next step?
Call us on 0141 270 1462 and book a ‘Discovery Meeting’ with your closest Regional Director and start working on your Franchise development programme. This will be one of the best business decisions you will ever make.
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