Finding the right advisor for you is crucial to your business and your future business. Specialists will be able to offer you guidance and advice on how to turn your existing business into a workable model.
Not all businesses, regardless of how successful, are able to be franchised. The business, processes and systems must all be able to be replicated and be trainable to someone else to implement.
A consultant will take your business through a feasibility study to ensure it can be franchised and that there is a model that can be followed. The advisor will also take you through how the country or UK can be broken down into saleable and viable territories.
A large part of what a consultant can offer and one of the major cost savings, is providing the legal documents that are required. The first being the agreement and the second an operations manual.
The cost of agreements, when sourced through solicitors and designed bespoke to your franchise is likely to cost thousands, even tens of thousands depending on your business.
An advisor will save you money in providing an amended agreement from a suitable template that can then be proof read and amended if necessary by independent solicitors.
The operations manual is the comprehensive guide as to how to operate the business on all levels. The operational manual forms part of the legalities of the franchise. A specialist will work with you to create an operations manual for your business, saving you hours and hours of work.
Support and Training
It’s essential you provide training for all your new franchisees and support going forwards, working with a consultant will enable to ensure you have adequate training, documents and even systems to support your network.
Franchise consultants all come with a different pricing structure and package. Most likely it will depend on your budget as to how much of the work they do for you and how much you need to do yourself. With some advisors offering a type of “Do It yourself” package, there is usually one available to suit most budgets.
Whether you are a business owner considering franchising your business, a business owner that has already taken the first step to franchising or are someone looking for advice on franchise marketing or recruitment, contacting a consultant is probably a positive move to getting your questions answered.
If you are interested in franchising your business and considering using a consultant, then enter your search criteria in the box above and use the free service from Approve Franchises Consultants.
It is our number one goal to connect you with the highest quality of pre-approved franchise consultancy companies based here in the UK.