Franchising your business is an important decision that needs a lot of thought, but with help and guidance from The Franchise Company you will make the right decision for your future success.

A well run franchise network will transform your business relatively quickly from a local or regional base to a nationally recognised organisation and brand, and occasionally lead to international development as well.

Franchising is now a well established and successful business method that is recognised by the main high street banks and other professions, most of them now have specialist franchise departments.

The first step to franchising your business is to get in touch with The Franchise Company to arrange a free of charge initial consultation so that we can explain more about how franchising works and the potential benefits for you, and also discuss your future plans for expanding your business.  There is a lot to discuss, and information to exchange, but after our initial discussion you will have a clear understanding of how franchising works and the most likely options available to you.

Although there can be exceptions, generally your business needs to have a good track record of sales and operating profits, in other words your business model is ‘tried & tested’. The Franchise Company will then adapt your existing business model to franchising, including all the documentation you will need to recruit, train, launch and monitor new franchisees.

Once the franchise model is in place and recruitment has begun we would usually continue to work with clients for at least 12 to 18 months while they establish their training and launch programmes for new franchisees, because supporting and monitoring the first few franchisees requires a lot of time and attention, meanwhile new prospects are enquiring about the franchise which is usually where The Franchise Company takes some of the pressure from you.

The key stages to franchising your business are;

• Creating the Franchise Start up Package, including return on investment for the franchisee and franchisor
• Produce all the documentation needed to effectively manage and monitor the recruitment process for new franchisees
• Prepare the key franchise documents, operations manual, franchise agreement, induction training programme
• Assist the franchisor with their ongoing recruitment activity for new franchisees and general franchising advice

To find out how to franchise your business successfully, contact The Franchise Company.