Franchise Consulting – Build, Scale & Manage Your Franchise Business
Building the franchise model, determining the USP, and creating the financial model according to the franchise manual are all included in the franchise business plan. This will help you find franchise partners for expansion.
What are we going to do?
Our Franchise Development Consultants will assist your company in creating plans that are appropriate for implementation based on their skills and abilities.
In-depth prospecting is part of our franchise consulting process, which will assist the brand in addressing operational weaknesses while taking competitors into account.
Services Provided
After providing our clients with solid franchise foundations, we meticulously examine every aspect of their franchise business plan.
Development of Franchise Strategies
Franchise growth ideas that take into account the brand’s inherent competencies are included in the Franchise Advisory. One of the most common questions that arises when designing the franchise business model canvas is “How to expand franchise business?”In addition, franchise development specialists will assist the franchisor in creating a master franchise structure and an international franchising plan in order to accomplish quick expansion.
Development of Franchise Models
“How can a franchise model be developed?” One of the queries we go into while trying to expand the franchise path is this one. According to the SWOT analysis of the business, our franchise development consultants would evaluate the various franchise models, including the FOFO franchise model, COCO franchise, FOCO franchise (also known as the franchise owned company operated or foco model), COFO franchise (also known as the company owned franchise operated model), or hybrid franchise model. We identify the different aspects of the business structure, such as the areas where the franchisor would assist the franchise and the areas where the franchise would require assistance in order to comply with the franchisor’s terms and conditions. When creating a franchise model business plan, the best course of action is to define a custom-fit model that takes into account on-ground realities.
Manual of Franchise Operations
Every task is outlined in depth in the Franchise Operations Manual, including who, what, when, where, and how. In terms of his regions of operation and scope of labor, this gets the franchise ready from the start. Our primary goal is to offer a “franchise training manual” that will assist franchises in upholding brand standards and providing superior services to end users. Our franchise specialists will assist you in examining the most profitable and efficient franchise model when we discuss franchising your company.
Legal Advice for Franchises
While franchising can be a useful strategy for expanding your company and gaining a greater market share, it also puts your brand at risk due to potential legal problems. Franchise legal consulting services, where professionals create a strong franchise agreement format, franchise disclosure document, and franchise exit strategy, are also included in franchise development services. In order to provide legal infallibility for both the franchisor and the franchisee, the legal professionals also make sure that all relevant legal features of franchising are included in the draft franchise agreement before to signing.
Report on Franchise Audits
TRS Consulting Group offers Franchise Audit as a comprehensive auditing consulting solution. In order to describe a competitive edge, the Franchise Audit Report thoroughly examines the strength and health of your company’s brand from every angle of the franchise audit standards. After that, the ideas are implemented according to all criteria. Franchise audit checklists are among the best because they have a greater impact on the brand.
Manual for Franchise Setup
Franchise setup deadlines become crucial for both the franchisor and the franchisee after the costs are specified in the business plan for the franchise shop and an agreement is signed. TRS consultants create a comprehensive franchise setup checklist to guarantee prompt setup in accordance with the franchisor’s specified requirements.
Strategy for Generating Franchise Leads
Without taking into account marketing channels for franchise lead generation, a franchise business plan is lacking. According to the finances outlined in the franchisor’s business plan, TRS business franchise experts will determine the most effective franchise marketing strategy. When selling a franchise, TRS experts recommend a reduced CAC strategy after evaluating the various internal and external lead types that the company may encounter.
Franchise Business Plan
The “first impression” of your franchise business opportunity is formed by the franchise business proposal document. It is comparable to a “investor pitch-deck,” which is a brief and straightforward document that describes the investment possibility. In collaboration with designers and copywriters, TRS franchise pitch deck specialists will create an engaging franchise business proposal template that will expedite deal closing and weed out unqualified leads.
Why TRS Franchise Consultants
As you franchise your own company, TRS business franchise advisors serve as a franchise business hotline. The unique selling point of TRS franchise consultants is their “custom-built” franchise model for both franchisors and franchisees, which is in line with specially designed SOPs for franchise businesses. Based on customer feedback and experience, Clutch has named TRS the top franchise consulting firm. A group of financial, legal, process, and marketing specialists who are certified franchise consultants at TRS collaborate to create a franchise model. Contact the TRS franchise consulting agency and research “how to give franchise of your business?” to learn about the benefits and drawbacks of franchising before launching a franchise.
FAQs
How Can a Franchise Be Started?
Launching a franchise requires a structured and strategic approach. At TRS, we have developed an 8-step process to help businesses successfully transition into franchising:
Franchise Strategy Planning
Crafting a well-defined strategy that aligns with your business goals, growth vision, and scalability potential.Designing the Franchise Model
Selecting and customizing the right franchise format such as FOCO (Franchise-Owned Company-Operated), COFO (Company-Owned Franchise-Operated), FOFO (Franchise-Owned Franchise-Operated), or a tailored model that suits your business structure.Creating the Franchise Operations Manual
Documenting standardized processes and operational guidelines to ensure consistency and quality across all franchise units.Drafting the Franchise Agreement
Developing a legally sound and comprehensive franchise contract that clearly outlines the rights, responsibilities, and expectations of both franchisor and franchisee.Preparing the Franchise Setup Guide
Compiling a step-by-step setup manual to help franchisees launch their outlets seamlessly and in line with brand standards.Developing the Franchise Business Pitch
Designing a compelling franchise proposal or investor deck that highlights the business potential and attracts serious franchise partners.Building the Franchise Marketing Strategy
Establishing a targeted lead generation and marketing plan to identify and engage prospective franchisees.Conducting the Franchise Evaluation Report
Performing a detailed audit to assess the readiness of your business for franchising and to identify areas that need improvement.
A franchise model: what is it? How does the franchise model operate?
A franchise model functions through the collaboration of two key parties: the Franchisor (also known as the franchise operator) and the Franchisee. Clearly outlining the responsibilities of both parties is essential to the success of any franchise model. The roles and obligations of each party can differ depending on two main factors:
Who is responsible for the investment?
Who will manage and operate the franchise outlet?
For instance:
In a FOCO (Franchise-Owned, Company-Operated) model, the franchisee provides the investment while the company takes charge of operations. This format is often used by larger brands, such as KFC.
On the other hand, in a FOFO (Franchise-Owned, Franchise-Operated) model, the franchisee is responsible for both the investment and the day-to-day management of the store. This model is commonly adopted by smaller or emerging brands that may not have the capacity to run operations directly.
Expert franchise consultants play a key role in determining the most suitable model for a brand. They create a detailed franchise business model template based on in-depth assessments. When you work with a top-tier franchise consulting firm, like TRS, the result is a well-evaluated, tailor-made hybrid franchise model that fits your brand’s unique requirements.
If you want to learn more about how a franchise model works or which model fits your business best, feel free to connect with TRS franchise experts.
Steps to Develop a Franchise Business Plan
Creating a robust franchise business plan is a vital part of building a successful franchise model. This plan serves as a strategic guide and typically includes:
A comprehensive 5-year plan for sales and daily operations
A detailed financial projection covering the next five years
Analysis of initial investments (CAPEX), operational expenses (OPEX), and break-even timeline
Estimates for Return on Investment (ROI) and Return on Capital (ROC)
Clearly defined exit strategy for the franchise and its financial consequences
A transparent revenue-sharing structure between the franchisor and franchisee
A well-structured franchise business plan ensures both parties are aligned and prepared for long-term success.
To get expert help on building a franchise business, reach out to TRS franchise consultants.
A franchise agreement: what is it?
A franchise agreement is a legally binding contract between key parties involved in a franchise setup—typically the Franchisor, the Franchisee, and, in some cases, a Master Franchisee. In simpler structures, it may involve just the franchisor and franchisee.
The primary purpose of this agreement is to protect the franchisor’s brand identity and business interests while ensuring clarity and transparency in the roles, responsibilities, and terms agreed upon by all parties involved.
The structure and contents of a franchise agreement will vary based on the type of franchise model and the specific terms negotiated. A poorly structured agreement can become a major drawback in franchising, as it may fail to address important legal and operational variables.
To avoid such pitfalls, many successful franchise brands opt to work with experienced franchise consultants who understand the legal intricacies of franchising and can help draft an agreement that is both comprehensive and compliant.
If you need assistance in reviewing or creating your franchise agreement format, reach out to TRS franchise experts for professional legal guidance.
How can a franchise business grow?
Expanding a franchise requires strategic planning and proven methods. Below are several effective approaches used by our clients that have delivered consistent results:
Active Franchising: This involves converting your existing, company-owned outlets into franchise-operated units. It’s a quick way to kickstart expansion using already successful setups.
Franchise Lead Generation: Leverage smart digital marketing techniques to increase brand visibility and attract potential franchisees. A strong online presence creates credibility and interest.
The Golden 05 Rule: The success of your first five franchisees plays a crucial role in establishing your credibility. Supporting these early adopters effectively can pave the way for your next hundred. Neglecting them may make scaling much harder.
Franchise Pitch Deck: A compelling business proposal backed by real data and performance statistics enhances the appeal of your franchise model to potential investors.
Master Franchising: Ideal for rapid geographic expansion, this model allows a master franchisee to manage several units. However, it’s best implemented once your brand has at least 10–15 successful franchise outlets in place.
What is the franchise FOCO model?
The FOCO model stands for Franchise Owned, Company Operated. In this setup, two primary parties are involved — the Franchisee (investor) and the Franchisor (operator) — with clearly defined responsibilities:
Franchise Owned: The franchisee is responsible for making the entire investment required to establish the outlet.
Company Operated: The franchisor manages the day-to-day operations, bringing in their expertise, systems, and workforce.
This model is commonly adopted by large, well-established brands, especially in the restaurant sector, where operational control is crucial. Brands with strong infrastructure, trained staff, and proven systems typically prefer the FOCO model to ensure consistency and brand integrity.
The terms and obligations under this model are outlined in a detailed franchise agreement, customized by the franchisor to align with their business strategy.
How can I pick the best business model, such as FOFO, COCO, FOFO, etc.?
Choosing the right franchise model is a pivotal step in developing a successful franchise strategy. Research shows that 74% of franchise ventures fail due to selecting an inappropriate or poorly structured model. To avoid such pitfalls, several key parameters must be thoroughly assessed during the franchise development phase:
Franchisor’s Strengths: Identify the core strengths that can be leveraged for franchising.
Franchisor’s Weaknesses: Acknowledge areas that need improvement or additional support.
Target Expansion Zones: Outline the geographic roadmap — cities, states, or international territories.
Team & Systems: Evaluate the robustness of internal systems and the capabilities of the middle management team.
Scalability Risks: Understand both internal and external risks that could hinder growth.
Exit Mechanism: Define a clear exit plan for franchisees in case of business challenges or financial loss.
Expansion Approach: Decide whether the growth will be gradual (linear) or spread across multiple locations simultaneously (sporadic).
Franchising Goals: Clarify the strategic goals and expected advantages of expanding through franchising.
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