Growing your business through franchising
.jpg)
We will help you explore at the outset whether franchising is the right way to grow your business. It is important to address this because expansion through franchising takes time, effort and money. It should not be seen as a quick fix to boost profits. However, if it is done properly and ethically it can bring long-term financial reward.
We can provide preliminary guidance as to whether franchising is likely to be appropriate for your business concept and structure. We work together with an extensive network of people within the franchising industry who can assist with the non-legal aspects of starting out. For example, we know people that can help write your operations manual, which will become your ‘living document’ containing all the practical detail for franchisees about how your model will operate.
It can be very helpful to run a pilot, perhaps with an existing employee acting as your first franchisee. You need to be able to prove to other prospective franchisees that your business model works, will work for them personally and is worth them paying for. We can help you with your pilot by drafting the necessary legal documents which act as working drafts as you discover what works and what doesn’t. Your investment in your pilot will prove invaluable when you are ready to roll out your franchise model to a wider audience.
If you are already an established franchisor, we can assist by providing a ‘health check’ service. It is important to keep your franchise agreement reviewed regularly as the law can change and you may have experienced problems which we can help you solve.
For more information please call us direct on 023 8071 7477 or