The Franchise Company is the largest independent franchise consultancy practice in the UK, offering a comprehensive range of services. Our step-by-step approach means that clients are firmly in control of their development costs. With extensive operational experience (much of it at board level), we are able to provide support in just about every aspect of franchising. We have developed a number of approaches to creating a new franchise system, and we would be delighted to have an initial telephone discussion with you to identify which approach will best suit your requirements.
Consultancy Packages
1. “Can I Franchise my Business” Workshop?
The “Can I Franchise my Business” workshop has been developed as a quick and easy way for companies to find out if franchising is the right way to develop the business.
The workshop covers the following areas:
- An introduction to franchising in the UK
- Business review of the existing business
- Identification of how franchising could work for your business
- The role of the company as the franchisor
- The role of the individual franchisees
- Initial financial evaluation – initial and ongoing fee structures
- Franchise territories – how would they be evaluated
- Franchisee training and support requirements
- Funding options for franchisees
- Return on investment for franchisee and franchisor
- Conclusion – Can the business be franchised?
- Action plan – how to proceed with franchising
The “Can I franchise my Business Workshop” can be held either at our offices or at your business location. The fee for the workshop is £800 + VAT. For further details please contact Julie Waites or Ken Rostron on 01325 251455 or email us on info@franchisecompany.co.uk
2. Small Business Franchise Development Package
The small business package is designed to provide smaller companies with a comprehensive package of support covering all aspects of the development work required to franchise for a fixed fee.
The work carried out includes:
- On-site business review of the existing business model re franchise expansion
- Confirmation that the business can be franchised and advice re how the franchise should be structured and operate
- Development of the franchise model including the franchise package, Initial and ongoing fee structures, production of the financial models for franchisees and an analysis of the financial return to the company as the franchisor
- Development of the operational model detailing the roles and functions of the franchisor company and the individual franchisees within their own areas
- Induction training and support programme for new franchisees
- Copy writing and design brief for the franchise brochure
- Production of the briefing document for the franchise agreement
- Advice re which solicitors to use to produce the agreement
- Support re the development of the franchise agreement
- Creation of the draft franchise operations manual in an electronic format
- Production of the franchise recruitment plan and recruitment documentation
- Advice re funding and sources of finance for franchisees
- Advice re joining the British Franchise Association
The small business package costs £10,500 + VAT and payments can be made on a staged or monthly basis. The timescale for smaller company projects is normally three to four months. For further details please contact Julie Waites or Ken Rostron on 01325 251455 or email us on info@franchisecompany.co.uk
3. Bespoke Franchise System Development
The Bespoke Package is a comprehensive consultancy programme designed for larger or more complex franchise models. Our bespoke service is tailored to your particular business needs. We can give an indication of fees and timescales after we have had an initial discussion about your business requirements. For further information about this package, please call Julie Waites or Ken Rostron on 01325 251455 or email us on info@franchisecompany.co.uk
4. DIY Franchise Development Support
If you have the time and skills to get actively involved in the development of your franchise system then we can provide you with a package of “added value support services” that will provide you with support in the areas that you need it. So if you are great at writing training programmes and operations procedures and only need help with the financial modelling then use our financial modelling package.
Alternatively if you are a whizz with figures and can do all of the number crunching yourself and you only need help with recruitment then you can use our recruitment package to develop your franchise recruitment system.
These mini packages have been developed so that you can use our intellectual property topped up with access to our specialist help and advice to ensure that your franchise model has the best chance of success in a cost effective way.
If you are interested in this approach then you can choose one or more of the following options:
Financial Modelling Package – we will assist with the development of all of the financial aspects of your franchise system including:
- What should you charge for the franchise as an initial fee?
- How will you generate ongoing income from franchising and how much?
- We will also produce a set of financial models for franchisees that they can use as part of a business plan to raise finance for the business.
- The financial modelling package will confirm the overall financial feasibility of franchising for both the company and future franchisees.
- You will be provided with a master set of all of the above in Excel spreadsheet format
The fee for the financial modelling package is £2450 + VAT
Franchise Documentation Package – In order to franchise you will need some key franchise documents. Our franchise document package is designed to provide you with template documents for all of the key franchise documents that you will need including:
- Franchise Brochure Copy and questionnaire
- Franchise recruitment procedure and documents
- Briefing document for the franchise agreement*
Please note – this service does not simply provide you with a set of template documents – we also provide active support to you in the development of the documentation on an ongoing basis.
*does not include the legal fee
Our fee for the franchise documentation package and development support is £1950 + VAT
Franchise Operations Manual – Our franchise operations manual will provide you with a comprehensive template which can then be used to build up your own operations manual. In addition, we will review the manual once you have built it up and are ready to use it in a working environment.
Our fee for the franchise operations manual and review is £1800 + VAT
Franchise Recruitment Package – once you have developed your franchise system our franchise recruitment package will provide you with the support you need to launch your franchise system and start to recruit franchisees. Our franchise recruitment package includes:
- Development of a franchise profile for your future franchisees
- Advice re franchise recruitment – how to effectively recruit franchisees, how much you will need to spend on marketing and where to promote your franchise system
- Production of a costed franchise recruitment plan in line with the budgeted figure
- Production of the initial copy and design ideas for recruitment adverts
- Development or review of the copy and design brief for your franchise brochure
- Production of a comprehensive suite of recruitment documents in line with an agreed recruitment procedure
The fee for the franchise recruitment package is £1650 + VAT
For further details about any of the elements of the DIY package please contact either Julie Waites or Ken Rostron on 01325 251455 or email us on info@franchisecompany.co.uk
Additional Work
Any additional work that you need will be agreed on a preferential rate as required to supplement the work carried out for you as above. Please give us a ring to discuss your requirements.
