How to Expand Your Business Though Franchising 2014 | Page 27

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Franchising solves the “management dilemma”. Franchised locations are managed
by franchisees.

Frachising leverages the
business assets that you have
already built.

Franchising creates recurring
revenues: Franchise fees and
royalties.

franchise lawyer - once a plan is set
- will be preparing your FDD, your
franchise agreement, and your
FDD registration applications.
Now, during this development
process you must play an active
role with your lawyer and, in fact,
we insist on it. In our franchise
launch program while we are
working on our clients compliance
program (i.e., FDD, franchise
agreements, etc...) we ask our
clients to work on their operations
manual. What does this manual
consist of? Well, as we discussed
earlier, your systems, your story
and what your business is about.
For those who need assistance
on this front we have programs
available. However, since no one
knows your business better than
you, while we are developing your
franchise system, we frequently
ask our clients to work on their
operations manuals. For those
that look to outsource the
operations manual development
process, you need to know that
the fee structures charged by
third-party operations manual
developers range anywhere from
$10,000 to $35,000, and we’ve
seen it go as high as $50,000. If
you look at our 90 Day Franchise

Launch Program, and again, that
opportunity is not available for
everyone, you will find a complete
and customized franchise program
that will take you through the
FDD development process for well
under $30,000 (contact my staff at
800. 976. 4904 to learn about our
set fixed fee). In fact, under the 90
Day Franchise Launch Program,
for certain qualified candidates those that meet certain criteria that
we have established (including a
solid trademark and the ability to
prepare your operations manual)
the fee structure may be a lot less.
We also insist that in most cases
our clients not outsource their
operations manuals.
After the franchise development
stage, next is where you are now a
franchisor and authorized to sell
franchises. During this stage the
steps that you will take and the
expenses that you will incur will
depend on the goals you set, the
number of franchi ͕́