Feb
I’ve a small coffee shop called Steamin' Joes. I’m wanting to develop my concept into a franchise. Can anyone recommend a franchise begin up bureau. I have called a few companies but some charges an arm,a leg, and a turso. While other seem a tiny more fairer. Needing to find a reputable company that will charge a fair price and get my coffee shop developed into a franchise. I welcome any advice and referrals.
Answer:
My friend used a franchise begin up agency called Franchise ASAP. Their web address is http://howtofranchise.org . They opened up a Play and Stay child care franchise. They stated Tom was incredible. He helpe them threw the whole franchise developing process and they’ve referred him to other people. I wish you luck in your adventure.
Answer:
How to Franchise Your Business
Franchising your business has tremendous advantages, from a higher return on investment (ROI) to risk reduction and retention of capital. But before you start the process of franchising your business, you must first determine if your concept and operating system are franchisable.
Basic tenants of franchisability include:
Credibility. A franchisor must be credible to prospective franchisees.
Uniqueness. Your business must have sufficient differentiation from other franchises either in terms of products and services, marketing, lower investment cost, or target market.
Straightforward operations. Your system and business model should be relatively simple for a new franchisee to learn in a short time frame.
Adaptability and demand. Your concept should adapt well to many locations and there should be sufficient demand for your products/services.
ROI. A franchised business should have enough profit after paying fees and royalties to earn an sufficient return on investment.
Strength of management. Even the most successful company will falter without a strong management team in place.
Answer:
It might be a tough time to begin a franchise now. But who knows sometimes the ideal thing to do is go against the economic curve.I just wonder if Starbucks faltering if a coffee shop franchise start up would be wise. There are many companies that do help companies develop into a franchise. Francorp, Frannet, FranchiseASAP, and the site the other person mentioned http://howtofranchise.org looks reasonable.
The price varies greatly. Francorp can be very costly but does a great job. I am not familar with Frannet. I am familar with Franchise ASAO and I believe they own the website how to franchise. They do a great job for a very reasonable price.
Be sure you ask for all fees involved. Ask them to do a free feasibility study is your business a franchiseable concept in todays economy. Most of these companies will tell you the truth. Good Luck whatever your decision is.
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i don’t know where you’re from, but here we have local trade agencies encourage you and train you to do so….
if you have a local library …go get advice.
if you have a local citizens advice bureau ….go get advice
or check out your local yello pages…
goodluck,tony
http://www.yuwie.com/blog/?id=882783
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I would advocate looking up your local SCORE bureau… The advice is free and they’re staffed w/ people from just about each aspect of business. Just do a search on the Web. Hope this helps…
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Go to http://www.frannet.com/