Franchise Development
Consider turning your business into a franchise system as a wise investment for the future. Selling franchises gives you as a franchisor several advantages:
Rapid market expansion without requiring substantial personal investment
Franchise sales provide income, along with ongoing royalties and maybe future item sales to franchisees.
You attract "like minded" individuals who share your interests, which multiplies your opportunity for progress.
Franchise development must be handled professionally to prevent issues as the business expands. Make sure ExpansionPH develops your franchise if you want to be sure it will work to your advantage.
Franchise Development by ExpansionPH consists of:
• Franchise structure (franchise fee, royalties, infrastructure, and logistics calculations)
• Franchise Agreement and Supplemental Agreements
• Franchise Disclosure Documents
• Sites for franchises
• FDI, or Franchise Disclosure Information, as required by DTI Bureau Order
• Aid with trademarks
• Operational Manual
• Franchiser's Guide
• Program for Franchise Training
• Worldwide Master Franchising
• Other Franchising Elements
You will be given a Franchise Development Contract, which is the official offer.
FRANCHISING
A business model in which an individual or company (the franchisor) grants the rights to another person or entity (the franchisee) to operate a business using its established brand, systems, and support. The franchisor typically provides the franchisee with a proven business model, training, marketing support, and ongoing guidance in exchange for fees and royalties.
In a franchise arrangement, the franchisor maintains control over the brand and its standards while allowing the franchisee to operate independently under specific guidelines and terms outlined in a franchise agreement. The franchisee benefits from leveraging an established brand, a recognized product or service, and ongoing support from the franchisor.
Franchising offers several advantages, including:
Established Brand
Franchisees benefit from the reputation and recognition of an established brand, which can attract customers and reduce the need for extensive marketing efforts.
Proven Business Model
Franchisees receive a tested and successful business model, including operational systems, marketing strategies, and product/service offerings that have been refined over time.
Training and Support
Franchisors typically provide comprehensive training programs to help franchisees understand the operations, marketing, and customer service aspects of the business. Ongoing support is often available to address concerns or provide guidance.
Economies of Scale
Franchisees can benefit from the purchasing power and economies of scale of the franchisor, which can lead to cost savings on supplies, inventory, and equipment.
Reduced Risk
Compared to starting a business from scratch, franchising offers a lower level of risk due to the support, guidance, and established brand provided by the franchisor.
However, it's important to note that franchising also comes with certain considerations and obligations. Franchisees typically have to pay upfront franchise fees and ongoing royalties based on revenue or profits. They must adhere to the franchisor's operational standards, marketing guidelines, and brand consistency. Franchise agreements may have specific terms and restrictions on operations, territories, and renewals.
Franchising can be an attractive option for individuals who want to run their own business but prefer the support and structure provided by an established brand. It allows entrepreneurs to leverage an existing successful model while maintaining some degree of independence and entrepreneurial freedom.