From my perspective as a franchise consultant, franchising your business is not particularly difficult.  Many thousands of companies have successfully completed a franchise program; and many have used franchise consultants to do so.  There are a number of well-defined steps you must complete when franchising your business.

Franchise Consultants Structure the Program

You have to take the time to lay the groundwork and structure the program properly if you want to be successful in franchising your business.  Often, an experienced franchise consultant can help you do this more quickly and effectively.

At National Franchise Associates, our franchise consultants believe that initial planning is perhaps the most important element in successfully franchising your business.   We work with our clients to carefully map out each detail of the relationship between the Franchisor and Franchisee.

This planning leads to a more attractive and ultimately more profitable end product when franchising your business.

Franchising Your Business: Questions to Ask

It is in this planning stage of franchising your business when a franchise consultant can be particularly helpful.  The following are just a few of the questions a franchise consultant can help you answer when franchising your business:

  • What products and/or services will the Franchisee offer?
  • In what geographic area are you going to launch your franchise program?
  • What is your growth strategy for franchising your business?
  • How big a territory will an individual franchise be awarded?
  • What are the income streams for the Franchisor?
  • When franchising your business, how many franchises do you want to sell the first year?  Second year?  By year ten?
  • What are the costs to the Franchisee?
  • What are the income streams for the Franchisee?
  • What type of attributes will your Franchisees need?
  • What payments must be made to the Franchisor initially?  On an on-going basis?
  • What training and support programs will be provided to the Franchisee?
  • When franchising your business, which Franchisor personnel will be responsible for implementing these programs?

The franchise consultant can further work with you to determine what products and/or services must the Franchisee purchase from you when franchising your business.  What quality control programs are needed?  How often will Franchisor personnel visit the individual franchises?  Is technical support needed, and, if so, how will it be provided?

When franchising your business, all these details must be carefully considered, decided and spelled out in the required legal documents, the Franchise Disclosure Document and Franchise Agreement.  As you can see, an experienced franchise consultant can be an invaluable ally.

NFA Franchise Consultants have the experience to help businesses franchise.  Just watch and listen to some of our client case studies and video testimonials.  We can HELP YOU and it doesn’t cost anything to call and talk to us! 

So, if you are still asking the “should I franchise my business” question over and over with no clear direction, give us a call at (706) 356-5637, or contact us through our online form.  We look forward to helping you take your business to the next level and beyond.