Franchise Development

Once the decision to franchise has been made, the Franchise Development Plan already completed becomes the blueprint for the actual development phase. The initial financial models will have determined the various expenses that are likely to be incurred during the development process and whether or not this will require additional funding. The plan will also have identified the additional resources required and set the whole project into a timed and costed project plan so that all stakeholders have a clear and unambiguous view of the various responsibilities and deadlines involved.

Franchise Development Plan

This project plan will detail a work programme to include:-

• Development of the detailed business model for the franchise to include territory planning, business set-up procedures, training and support programmes, IT systems, recording and reporting systems and all the other activities which will be undertaken by the franchisee
• Franchise advertising and recruiting materials
• Initial piloting launch and developing template franchisee business plans
• Pilot Franchisee Training
• Writing the Franchisee Operations Manual
• Preparing the Franchisor Operations manual
• Briefing suitably experienced legal advisors to develop the formal Franchise Agreement
• Bank arrangements (Franchisor and Franchisee)
• BFA Accreditation
• Recruiting and training franchise support staff
• Preparing and implementing the initial marketing for the launch of the franchise and the recruitment processes needed to secure good franchisees
• Assisting franchisees in preparing for and launching their new business ventures

In some areas a new franchisor will be able to complete elements of the programme in-house whilst in other areas they will need to employ the services of experienced advisors who can guide and assist them through the processes. Talk to our team of experts at The Franchise Development Centre.

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