Franchising Your Business…Are You Ready to Grow?
fa can help you. We can consult, develop, package, and market your franchise. We help guide you in your planning, budgeting and execution. We have the expertise to help you construct a winning franchise marketing program. We sell franchises and assist with financing for franchise buyers. fa offers a virtual “shopping cart” of products and services to assist your growth. We can help you succeed in franchising—one step at a time.
Franchising in the United States accounts for more than 17% of the entire U.S. retail economy, over $800 Billion Dollars per year. According to the U.S. Department of Commerce, over a ten-year period ninety percent (90%) of franchise businesses succeeded while only ten percent (10%) of independent businesses remained in business. Franchising is the most dynamic and profitable method of expanding or growing businesses in the world.
Franchising is a two-way street; your success depends on your franchise owners’ success in business. fa has the team, the talent and the right tools to help you achieve your business goals. Franchising offers the best business system for your investment, and fa can help you invest wisely.
The first step to take in considering whether franchising is right for you right now, not yet or not at all, is to examine your concept or company. That starts with a phone call—Let’s Talk—call us at 214.505.2202 or 800.460.9000. Our conversation is confidential, and we will send you a non-disclosure agreement (NDA) if you wish even before we talk. After our discussion, you may want a more comprehensive business analysis.
fa calls this a “Franchise Feasibility Analysis”, or FFA. This is an in-depth look at what you have, what you need and where you want to go. This is your first step toward franchising, or perhaps an alternate growth method such as distributorships, dealerships, licensing or a hybrid concept. Although franchising is the single most successful business growth system in the world, nothing happens without a good business plan—and a Franchise Feasibility Analysis will become a vital part of your business growth plan.
Key Components to Franchise. There are many factors that determine a successful candidate for franchising. fa has identified six key “markers” or components that must be present in order to franchise a business:(1) a unique concept; (2) a proven prototype; (3)management; (4) trainability; (5) marketing; and (6) profitability.
Franchise buyers have three burning questions: “How much does your franchise cost?” “Where’s my location?” and “How much can I make?” As a potential Franchisor, you might have three similar questions: “How much does it cost to franchise?” “How long does it take to franchise?” and “How much can I make?”
Our comprehensive Analysis answers ALL those questions and more. From your prospective role as a Franchisor, as well as analyzing your franchise buyer’s perspective. We develop the information you need to make an educated business decision about franchising your business. Then we can help you implement and achieve your franchise goals.
For complete information about our Franchise Feasibility Analysis, or any of fa’s services, call us at 214.505.2202 or 800.460.9000.