Franchise Your Business / Franchise Development
Working with an experienced team of franchise consultants and franchise development experts to design, build and customize franchise programs for businesses. Through this refined process, businesses have the ability to grow and replicate through franchising. Go into the franchise development process knowing that you have the tools and experience behind you to successfully franchise your business.
Franchise Business Plans - Franchise Strategic Planning
We work with businesses to develop and build franchise business plans. These business models act as Franchise Strategic plans for businesses that are considering franchising or are getting ready to launch a franchise model. Leveraging a team of franchise specialists and a global network of franchise development professionals to build and design the most complete franchise business plan available.
Franchise Industry Research Reports - Franchise Research
We have an extensive database of FDD's, franchise market reports and franchise industry information data. Access to this information allows us to build comprehensive franchise research reports and design accurate plans for franchise models based on industry research. Our team is working on a daily basis to manage and develop a growing database of franchise industry information and statistics.
Franchise Documentation Development - How to Put Together an FDD
Our team will develop the disclosure documentation required to offer and sell franchises in the United States and Internationally. This documentation will include input from your attorney, if you do not have an attorney we can refer you to an approved franchise attorney. This service includes the FDD - Franchise Disclosure Document and the state registrations that are required in order to offer franchises in several states throughout the United States. In cases involving international franchise development, We will work with franchise attorneys who specialize in specific global regions for franchise development work. We are not a law firm and will not provide legal advice or legal representation. You will need to consult with an attorney for legal representation.
Franchise Operations Manual - How to Write Operations Manuals
We have a team of consultants that works closely with clients to document business operations and develop the appropriate business systems in order to efficiently duplicate a business model. One of the keys to developing and implementing an effective franchise or license development model is great, accurate and well defined business systems. A well written and comprehensive franchise operations manual and franchise training manuals are essential to the success of a franchise company.
Franchise Marketing Programs - How to Market Franchises
We work with new and existing franchisors to develop, build and manage franchise lead generation programs. This process includes the development and documentation of a targeted and truly efficient franchise marketing program. The franchise marketing program includes designing a target franchise buyer profile, identifying key markets with growth opportunity for a franchise system, developing a media buying plan and building franchise advertisements.
Franchise Sales - How to Sell Franchises
We will develop and execute a comprehensive and complete franchise sales strategy. A truly effective franchise program must include the franchise sales team in order to attract and close the largest amount of franchise partners. Our team of franchise brokers in markets around the country who sell and market franchises and license offerings.
How Much Will It Cost to Franchise My Business?
Calculating your Return on Investment, franchising can be very rewarding financially. However, your research may disclose that most major development companies charge $75,000, $100,000 or even $150,000 just to prepare your documents and training manuals.
There are a number of other costs involved in developing a franchisor depending on your first year goals. Here’s a list of the costs typically encountered by a start-up franchise system. We have included estimates of costs that are often quoted in the industry as well as the amounts that AD-vantage Promotions feels are realistic if you’re cost-conscious.
Typical First-Year Costs When Establishing a New Franchise System
|
Item |
Range |
Recommended |
|
A Feasibility Study to evaluate the amount of competition and establish the probability for success of the new franchise system. |
$3,500- $7,500 |
* |
|
In order to comply with Federal Regulations regarding the sale of franchises, every company must prepare a document known as the Franchise Disclosure Document and a Franchise License Agreement. |
$20,000-$35,000 |
* |
|
You must prepare the training manuals and materials that you will use to teach new franchisees how to open and operate a successful clone of your business. |
$15,000-$50,000 |
* |
|
Creating a Franchise Marketing Plan and Developing a Discovery Day Format |
$7,500-$15,000 |
* |
|
Franchise Sales Training. (Teaching your staff how to complete unit sales within the government’s guidelines.) |
$10,000-$20,000 |
* |
|
State Registrations / Federal Registration are free but 14 states have special registrations with fees ranging from $250 to $750. There are also additional legal fees incurred for these filings. |
$15,000-$25,000 |
$1,500 |
|
If you do not have a Federally Registered Trademark, you should apply for that soon. |
$1,750-$7,500 |
$1,750 |
|
Marketing Collateral to give to prospective franchisees. (Brochures, inserts, FDD, envelopes, business cards) |
$5,000-$10,000 |
$2,500.00 |
|
Some franchisors choose to establish a new legal entity to be the franchisor. |
$0-$13,500 |
$0-$3,500 |
|
Advertising for Franchise Buyers. This will vary based on your goals for first-year sales. |
$15,000-$120,000 |
$12,500 |
|
Additional Staffing: Franchisors content with selling 5 to 10 units in their first year can often handle the growth without additional personnel. Those with higher expectations, may choose to hire a Franchise Development Manager, a trainer and additional support staff. |
$0-$200,000 |
$0 |
* AD-vantage Promotions / REBOUND Leads offers a full Turn-Key Development Program
(All stared items) …....$30,000 consulting fee.
With other expenses added, most clients sell their first franchise unit before spending $35,000 to $37,500.
We’d be happy to discuss our basis for these estimates with you.
Return on Investment Calculator
Is now the right time to franchise your business. If only we could predict the future or provide a guarantee, it would make the job much easier.
What we can do is provide you a Return on Investment Calculator. By predicting how many franchises you will sell in your first year; the Initial Franchise Fee you’ll charge; the Royalty you’ll charge franchisees; and their Average First Year Sales we can predict your First Year Revenues as a franchisor.
Most of our clients find that selling just 3 to 5 franchises will generate enough Revenue to double their profits even after paying the expenses of developing the necessary documentation and the advertising costs to find franchisees.
