1 / 7

Finding the Right Restaurant Franchisees for Franchising Your Business – What to

Wondering how to find the right franchisees when franchising your business to expand your restaurant? Well, visiting The Franchise Institute can help you.

franchiseaus
Download Presentation

Finding the Right Restaurant Franchisees for Franchising Your Business – What to

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FINDING THE RIGHT RESTAURANT FRANCHISEES FOR FRANCHISING YOUR BUSINESS – WHAT TO CHECK? LEVEL 1, 97 GRAFTON ST BONDI JUNCTION INFO@THEFRANCHISEINSTITUTE.COM.AU HTTPS://THEFRANCHISEINSTITUTE.COM.AU 1300855435

  2. INTRODUCTION DO YOU OWN A LOCAL RESTAURANT AND ARE LOOKING FOR WAYS TO EXPAND IT ACROSS THE NATION? INSTEAD OF OPENING MULTIPLE UNITS, FRANCHISING YOUR BUSINESS WOULD BE THE BEST AND MOST EFFICIENT WAY TO DO SO. FRANCHISING ALLOWS OTHERS TO RUN THEIR RESTAURANTS UNDER YOUR RESTAURANT BRAND AND OFFER YOUR SERVICES NATIONWIDE. HOWEVER, YOU SHOULD HIRE THE RIGHT FRANCHISEES TO ENSURE THE SUCCESS OF YOUR RESTAURANT FRANCHISES.

  3. HOW TO FIND THE RIGHT FRANCHISEES FOR YOUR RESTAURANT FRANCHISES? • BEFORE YOU WANT TO LOOK FOR PEOPLE MATCHING YOUR ‘PERFECT FRANCHISEE’ CRITERIA, LET US TELL YOU THAT EACH FRANCHISEE IS DIFFERENT. • HENCE, CONSIDER THE FOLLOWING: • THEY’RE HARD WORKERS WITH A ‘CAN DO’ ATTITUDE AND AREN’T AFRAID TO ROLL UP THEIR SLEEVES WHEN NEEDED. • THEY POSSESS AN ENTREPRENEURIAL SPIRIT BUT AREN’T PLANNING TO REINVENT THE BUSINESS MODEL. • THEY COME WITH A STRONG NETWORK OF FAMILY AND FRIENDS TO SUPPORT THEM IF THINGS BECOME TOUGH. • THEY DON’T SHOW A ‘GET RICH FAST’ MENTALITY AND UNDERSTAND THAT SUCCESS COMES WITH EFFORTS, RESOURCES, TIME AND DEDICATION. • LAST, THEY SHOW PASSION AND GRIT WITH PROPER EXPERIENCE, LIKE THEY MANAGED A RESTAURANT TEAM BEFORE.

  4. HOW TO ATTRACT POTENTIAL FRANCHISEES FOR YOUR RESTAURANT FRANCHISES? • ATTRACTING POTENTIAL RESTAURANT FRANCHISEES ISN’T THAT EASY, AS NOT EVERYONE IS THE SAME. • HOWEVER, CONSIDERING THE FOLLOWING CAN HELP YOU: • HELP YOUR FRANCHISEES WITH THE SITE SELECTION, AS YOU’RE THE BEST PERSON TO UNDERSTAND AND KNOW ABOUT YOUR RESTAURANT. • OFFER TRAINING PROGRAMS TO THE FRANCHISEES TO HELP THEM UNDERSTAND YOUR RESTAURANT BETTER. • INTRODUCE THE FRANCHISEES WITH THE LOCAL SUPPLIERS TO HELP THEM SAVE MONEY AND EARN MORE REVENUE. • PROVIDE A DETAILED OM (OPERATIONS MANUAL) TO THE FRANCHISEES BESIDES THE FDD (FRANCHISE DISCLOSURE DOCUMENT) AND FA (FRANCHISE AGREEMENT) TO HELP THEM UNDERSTAND YOUR RESTAURANT BUSINESS PROCESS. • OFFER TECHNICAL SUPPORT TO YOUR FRANCHISEES AND INCLUDE THEM IN YOUR IN-HOUSE MARKETING TEAM TO HELP THEM MARKET YOUR RESTAURANT FRANCHISEES RIGHTFULLY.

  5. HOW TO FIND THE RIGHT FRANCHISE CONSULTANT FOR FRANCHISING YOUR RESTAURANT? • CONSIDER THE FOLLOWING: • EXPERTISE AND REPUTATION • KNOWLEDGE OF THE LATEST FRANCHISE LAWS • UNDERSTANDING OF THE CRITERIA FOR FRANCHISING A RESTAURANT IN AUSTRALIA • PORTFOLIO OF PREVIOUS FRANCHISE PROJECTS • CLIENT TESTIMONIALS AND REFERRALS • ESTIMATED BUDGET AND TIMELINE OF THE PROCESS • CONTACT INFO OF POTENTIAL RESTAURANT FRANCHISEES • IDEAS OF THE FRANCHISE LEGAL PAPERWORK

  6. EXPAND YOUR LOCAL RESTAURANT NATIONWIDE THROUGH FRANCHISING CAN’T UNDERSTAND WHAT WOULD BE THE BEST WAY TO EXPAND YOUR LOCAL RESTAURANT NATIONWIDE? WELL, franchising your business can help you. Having experts by your side can help you with franchising your restaurant. ABOUT THE FRANCHISING CONSULTANCY FIRM THE FRANCHISE INSTITUTE IS A TOP FRANCHISE CONSULTANCY FIRM IN AUSTRALIA. WITH YEARS OF EXPERIENCE, THEY’RE KNOWLEDGEABLE. REGARDLESS OF THE SIZE, THEY CAN HELP YOU EXPAND YOUR LOCAL RESTAURANT NATIONWIDE THROUGH FRANCHISING.

  7. CONTACT US LEVEL 1, 97 GRAFTON ST BONDI JUNCTION INFO@THEFRANCHISEINSTITUTE.COM.AU HTTPS://THEFRANCHISEINSTITUTE.COM.AU 1300855435

More Related