Developing a franchise in many ways is like developing a property. It involves a lot of planning and working through a many options. Get the plan, foundations or materials wrong and you can end up with a dysfunctional non-compliant property that takes a lot to fix and is worth less in the market.
So just as you would engage Architects and professional Builders to develop your property, the same is needed to develop your Franchise to ensure it is best positioned to achieve your business objectives and become a valuable asset.
SMART WAYS TO FRANCHISE YOUR BUSINESS
CEO Consulting are world class experts on how to franchise and how to make money from franchising.
Each new franchise is heavily customised to create value for the shareholders and be adaptable over time as markets and strategies change.
We can fast track your market entry and work with you over time to keep you:
- Ahead of your competitors;
- Relevant to your customers;
- Valuable to your Franchisees; &
- Attractive to future buyers
WE DESIGN, BUILD & GROW BEST PRACTICE FRANCHISES
At CEO Consulting we test your strategy, the strength of your customer offering and we carry out feasibility work before you commit to starting your franchise. If the strategy, numbers and commercial issues look strong, we then design and build your customised franchise using best practice techniques and knowledge.
If the signals are negative or unclear, we work out what needs to be done to become successful and give you the choice of stopping there or proceeding on a revised basis. You are not committed to go further & not committed to ongoing fees.
HOW LONG DOES IT TAKE TO DEVELOP A NEW FRANCHISE?
Usually 3 – 6 months to get your franchise ready to launch or start recruiting Franchisees.
The shorter timeframe can be achieved with an intensive approach but it is often wise to take a bit longer.
WHAT IF I HAVE SOMEONE READY TO BUY A FRANCHISE?
You cannot sell a franchise until you have developed your model, commercial terms, policy & procedures and have prepared specific legal documentation.
However, there are strategies that can be used to engage with a potential Franchisee and work towards a sale while you are developing your franchise model.