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What Is the Franchise Disclosure Document and Why Do You Need it to Franchise Your Business?

When you franchise your business you’ll need to have a number of resources ready for your franchisees, and the franchise disclosure document (FDD) is perhaps the most important. The FDD spells out everything investors need to know about your brand, giving them a clear picture of what they should be prepared for when they become a franchisee. Here, we’ll take a closer look at the FDD and why it matters.

Why Do I Need a Comprehensive FDD?

The FDD is intended to give prospective investors all the information they need to make an informed decision about investing with your company. It includes sections on estimated total cost, the performance of existing locations, what they can expect to receive from you, and much more. When franchisees sign their franchise agreement (the final, binding contract that establishes them as franchise owners) they are indicating that they’ve read, and agree to, the terms outlined in the FDD. Therefore, the more information you include in the FDD, the greater the likelihood that your franchisees will be satisfied in the long-run. As you can see, the FDD is one of the most important things to take into account when you franchise your business.

Money in the FDD

Money is an important part of the FDD. You’ll need to give numbers in many places, such as:

  • The estimated total investment, including the initial franchise fee
  • Ongoing royalty payments and other fees
  • Any travel costs franchisees will incur

While it’s not required, many franchisors opt to include information on the performance of their existing franchises. While this number can be difficult to come by (often it’s self-reported by franchisees), its inclusion is a good signal to potential investors that you want to be transparent. 

Franchisor Obligations in the FDD

When entrepreneurs opt to open a franchise, they’re charged an initial franchise fee. This fee is often substantial, so franchisees want to know that they’re going to receive plenty of support to help them start off strong. The FDD outlines exactly what they can expect from their franchisor, including:

  • Initial training
  • Professional development
  • Any resources they will have access to (e.g. software, mentoring systems, business advising)
  • Help opening their store (e.g. location scouting, on-site assistance)

In the same vein, when you franchise your business, you’ll want to develop a strong package of resources like these to attract investors. Accurate Franchising, Inc. can be a great help when it comes to developing your training and support programs.

Territory

Many franchisors choose to award their franchisees a “territory,” which is basically an exclusive area in which to operate. Accurate Franchising, Inc. can help you to assess the value of a wide range of territories, helping your franchisees manage their competition. If your franchise awards territories, a clear explanation of their area should be provided in the FDD. 

As you can see the FDD is a crucial consideration as you franchise your business. Contact us today to learn more about how we can help you to develop this important document.

The post A Strong FDD is Vital in the Franchise Industry appeared first on Accurate Franchising.

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How to Grow Your Franchise without Missing a Beat

Trying to grow your franchise on your own can feel downright impossible. Even if you have a great franchising concept, you might not be sure where to start. Conversely, you might have started the process on your own with disappointing results. To succeed, franchisors not only need to develop an offering that meets all the legal requirements and appeals to investors, they need to catch the attention of people who are looking for an opportunity just like theirs. If you’re trying to grow your franchise, don’t go it alone. Here are a few ways that Accurate Franchising, Inc. can help you through the process.

Develop a Model That’s Likely to Succeed for Franchisees

If you want to grow your franchise, chances are you’ve already developed a business that has achieved some success. However, it’s important that you develop a business model that’s likely to succeed in new settings (not all businesses pass this litmus test – we’ve developed a free franchise feasibility study to help analyze the potential of your business). Accurate Franchising, Inc. can help by improving the infrastructure of your franchise brand, building up a top-notch training and support program, and identifying target markets for your expansion.

Finding the Right Leads

We know that in order to grow your franchise, it’s not just a matter of generating leads – it’s about finding the right leads. In our more than 30 years of experience, we’ve learned how to reach target audiences. We’ll work with you to develop a profile of your ideal investor, then analyze demographic data to formulate a plan of action. We’ll launch a targeted campaign to catch their attention and show them what you have to offer. Our finely-tuned system is carefully calculated to get maximum results for our clients, many of whom see upwards of 40,000 leads each year.

Make a Long-Term Plan

It’s one thing to say you want to grow your franchise, but what will you do when that growth happens? The more franchises you sell, the more you’ll need to invest in resources to support them, not to mention the infrastructure to deal with an increased number of leads. At Accurate Franchising, Inc. we want our clients to achieve scalable growth. That’s why we work with them to come up with a plan for the future, helping prepare them to manage the growth they’re striving to achieve. Indeed, we know a thing or two about growth. We’ve worked with some of the best-known names in franchising, including Signarama, Blimpie, Costco Wholesale, and Ford.

Plan for International Expansion

Taking your brand global is a great way to maximize your growth. Many new franchisors have thought about expanding throughout the United States, but many U.S.-based franchise brands get their start here and then move on to new territory abroad. Accurate Franchising, Inc. simplifies the process of international expansion, helping our clients to become globally-recognized brands.

If you’re ready to grow your franchise without missing a beat, don’t wait – take our free franchise feasibility study today.

The post How to Grow My Franchise with Simple Techniques appeared first on Accurate Franchising.

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Accurate Franchising, Inc. stands out from other business consultants because we’ve developed a host of resources specifically to help our clients franchise their businesses, and to improve upon the systems they already have in place. When you enlist our services, you’ll see how we utilize these resources to guide us as we work together to grow your franchise brand. Here’s a quick look at some of the resources we use every day.

The Franchise Profitability Calculator

We developed the franchise profitability calculator to help clients determine if their business is ready for franchising and how much money they could potentially make. We utilize the calculator as part of our franchising support services, but we also make it freely available online for anyone to use. If you’re interested in franchising your business but aren’t sure it’s the right time, you can utilize the calculator before you even contact us to see for yourself what your potential profits could be. On the other hand, if you’re already running a franchise brand, the calculator can give you a good idea of how much you should be earning. If your profits are less than what the calculator shows, there’s a good chance we can help you improve your business model to increase your efficiency.

The Free Franchise Feasibility Study

If you’re interested in franchising, we can help you determine whether now is a good time to make the transition. Accurate Franchising, Inc. conducts a free Franchise Feasibility Study for anyone who cares to fill out the necessary information. We’ll utilize our demographic and marketing knowledge to do some research and help you determine if you’d like to move forward by franchising your business. The results can give you greater insight into your business model, the demand for your products and services, and the sustainability of your growth. Not only does this study provide us all with important information about your business, it’s a sign of good faith towards our clients: before you sign any contracts or invest any capital with us, we’ll utilize our resources to help you make an informed decision.

Franchising Support to Cut Through Red Tape

Many prospective franchisors are discouraged by what they see as an overwhelming amount of “red tape” preventing them from establishing a nationwide franchise brand. For instance, each state sets is own rules regarding franchising, which can make it difficult for franchisors to come up with a program that works across the board. Accurate Franchising, Inc. has a wealth of knowledge on the legal aspects of establishing a franchise brand: for instance, check out our list of franchise registration states and filing fees! Information like this comes in handy when we’re able to simplify things for our clients, allowing them to spend more time focusing on growing their business.

These are just a few of the resources we’ve developed at Accurate Franchising, Inc. To learn more about the resources we have in place to support our clients, contact us today!

The post Accurate Franchising’s Biggest Strength Is Our Resources appeared first on Accurate Franchising.

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“Is my business franchise-ready?” If you’ve been asking yourself this question, chances are you’re ready to expand your business by turning it into a franchise brand. Franchising is a great way to grow your business: Franchisees assume the financial burden of opening new locations, while you support them by providing them with a ready-made business model and resources. However, not every business is ready to take this step. At Accurate Franchising, Inc., we’ve helped scores of businesses convert to franchises, and we know what it takes to get started. Here are a few questions you should ask yourself to determine whether or not a business is ready to become a franchise brand.

Is My Business Franchise-Ready AND Franchisable?

Not all concepts are right for franchising. If your small business is thriving, that’s one indicator that you might be ready to expand. However, you should also ask yourself if your business model would work well in other locations, of if your current success would be difficult to replicate elsewhere. Furthermore, you’ll need to prepare resources for your franchisees to take advantage of, such as a training program and operations manual. Will you be able to distill your business model into either of these resources? At Accurate Franchising, Inc., our years of experience can help you to decide if you’re ready for franchising. We help our clients to review valuable demographic data that can help shed light on the general appeal of their business model.

Is Franchising the Right Growth Strategy?

As we outlined above, franchising is an excellent growth strategy, but it might not be the best fit for your business. Are you prepared to invest the time and money it will take to develop a great investment opportunity? Are you willing to support your franchisees by answering their questions and guiding them through the pre-opening process? If so, you might be able to answer “yes” to the question: “Is my business franchise-ready?” Tasks like these can be expensive and time-consuming initially, so carefully consider whether you’re ready.

Do I Know How to Franchise My Business?

There are a lot of necessary steps to take when starting a franchise brand. If you’ve been wondering “Is my business franchise-ready?” chances are you’ve considered some of these steps already. Developing a thorough franchise disclosure document, meeting local and national requirements, and finding qualified leads are just a few of the things you’ll need to learn how to do. Luckily, Accurate Franchising, Inc. can help with these and every other part of franchising your business. Our experts aim to make the franchising process as simple as possible for our clients, and we work with you every step of the way to help you develop a franchise business that’s appealing to investors.

If you’re asking yourself, “Is my business franchise-ready?”, Accurate Franchising, Inc. can help you find out! When you reach out to us, we’ll assess your readiness to build a franchise brand, and can help you make all of the necessary preparations.

The post The Ultimate Checklist to Find Out if Your Business Is Franchise-Ready appeared first on Accurate Franchising.

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There are many ways a franchise consultant can help businesses reach their full potential. Are you thinking about franchising your business? Do you already own a franchise brand but are having trouble achieving steady growth? At Accurate Franchising, Inc., we have years of experience developing franchise offerings and finding qualified leads. Our franchise consultants come to the table with a repertoire of strategies to help franchisors improve their business. Here’s a quick look at some of what we have to offer.

Developing and Strengthening Your Franchise Offering

Investors today are looking for franchise offerings that are comprehensive. Thorough training, a range of support resources, a clear and accessible operations manual, and a strong name brand are just a few of the things they expect. Our franchise consultants will work with you to review what you currently offer your franchisees and make improvements and additions where needed. If you haven’t yet taken the necessary steps to convert your business to a franchise, we can walk you through that process as well. Over the years, Accurate Franchising, Inc. has worked with some of the biggest franchise brands – just take a look at a few of our clients. We offer them a number of key services to improve their franchise offering, making them more attractive to potential investors.

International Expansion

There are many advantages to expanding your business into new countries, such as increased brand recognition and new demographics. However, many challenges also come with this sort of growth. Accurate Franchising, Inc. works hand-in-hand with our franchise partners to find and analyze relevant demographic data, getting the best idea of which international markets would be the best fit for their concept. Our years of experience in the industry have taught us a lot about setting up shop in countries around the world, making it simpler for our partners to find real estate, secure the necessary licenses, and launch targeted marketing campaigns.

Identifying New Leads with Your Franchise Consultant

Perhaps the most important (and elusive) component of growing your franchise brand is finding qualified leads. When you partner with Accurate Franchising, Inc., your franchise consultant will get to know you and your concept. They’ll analyze marketing and demographic data to learn more about where your potential leads are likely to spend their time online and in their community. They’ll leverage these insights into a targeted marketing campaign that’s designed to catch their attention and compel them to seek out more information. To this end, we can also help our clients to revamp their web presence, ensuring that their website is set up to garner maximum attention. These are just a few of the ways we work to find qualified new leads for our clients.

Partnering with Accurate Franchising, Inc. is a great way to grow your business with the help of our franchise consultants. Visit us online to learn more about the services we offer!

The post A Franchise Consultant Can Benefit Your Business appeared first on Accurate Franchising.

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There are many ways a franchise consultant can help businesses reach their full potential. Are you thinking about franchising your business? Do you already own a franchise brand but are having trouble achieving steady growth? At Accurate Franchising, Inc., we have years of experience developing franchise offerings and finding qualified leads. Our franchise consultants come to the table with a repertoire of strategies to help franchisors improve their business. Here’s a quick look at some of what we have to offer.

Developing and Strengthening Your Franchise Offering

Investors today are looking for franchise offerings that are comprehensive. Thorough training, a range of support resources, a clear and accessible operations manual, and a strong name brand are just a few of the things they expect. Our franchise consultants will work with you to review what you currently offer your franchisees and make improvements and additions where needed. If you haven’t yet taken the necessary steps to convert your business to a franchise, we can walk you through that process as well. Over the years, Accurate Franchising, Inc. has worked with some of the biggest franchise brands – just take a look at a few of our clients. We offer them a number of key services to improve their franchise offering, making them more attractive to potential investors.

International Expansion

There are many advantages to expanding your business into new countries, such as increased brand recognition and new demographics. However, many challenges also come with this sort of growth. Accurate Franchising, Inc. works hand-in-hand with our franchise partners to find and analyze relevant demographic data, getting the best idea of which international markets would be the best fit for their concept. Our years of experience in the industry have taught us a lot about setting up shop in countries around the world, making it simpler for our partners to find real estate, secure the necessary licenses, and launch targeted marketing campaigns.

Identifying New Leads with Your Franchise Consultant

Perhaps the most important (and elusive) component of growing your franchise brand is finding qualified leads. When you partner with Accurate Franchising, Inc., your franchise consultant will get to know you and your concept. They’ll analyze marketing and demographic data to learn more about where your potential leads are likely to spend their time online and in their community. They’ll leverage these insights into a targeted marketing campaign that’s designed to catch their attention and compel them to seek out more information. To this end, we can also help our clients to revamp their web presence, ensuring that their website is set up to garner maximum attention. These are just a few of the ways we work to find qualified new leads for our clients.

Partnering with Accurate Franchising, Inc. is a great way to grow your business with the help of our franchise consultants. Visit us online to learn more about the services we offer!

The post A Franchise Consultant Can Benefit Your Business appeared first on Accurate Franchising.

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Franchising your business is a monumental step in your career, helping you build a bigger business without having to do all of the work yourself. It also allows you to expand domestically or internationally, to a variety of locations, while you take a more hands-off approach. Growing your brand through others is a great way to turn an already-successful business into something you can be even prouder of. But you might be wondering: is my business ready to franchise? You only want to franchise if your business is ready for it, and if you as the franchise owner are mentally and financially prepared. Here are three questions you should ask yourself to determine if your business is ready for franchising.

Is your business model conducive to franchising?

The first thing you should consider is if your business model is conducive to franchising. A business that can be easily duplicated, that can be taught to franchisees, is probably a good franchise candidate. You should also consider what products or services you’d be selling, and what costs would be included with each franchisee’s franchise fee.

Do you have the time and drive to give it 100%?

Once you know you have a great franchise idea, and you’re ready to take the next step, now think about whether you’re ready for the responsibility. Although eventually franchising allows you to take a hands-off approach, and give much of the responsibility to your franchisees, you will need to devote a significant amount of time and resources to starting the franchise. Think of transitioning from your current business to a franchise model like launching a brand new business. You should be sure your existing business can thrive while you focus on the franchising process.

Do you have the right temperament?

Franchising isn’t for everyone. In addition to money and good business sense, it requires patience, good communication skills, and the ability to adapt to new challenges. Franchising can take a lot out of you and you need to be sure both you and your business are strong enough to handle it. You will find that it’s impossible to predict the exact trajectory of the franchising process. You will encounter many hurdles you didn’t expect, and other road blocks that may discourage you along the way. Finding the right franchisees is one of the most crucial parts of the process, and you should be prepared to take your time when selecting them. They are, after all, an extension of yourself and of your business. If you can keep a level head, show resilience, and adapt to difficult circumstances, you’ll be in good shape.

Hopefully these tips have helped you answer the question, “is my business ready to franchise?” For more tips, or for professional franchise advice, reach out to Accurate Franchising today.

The post Is My Business Ready to Franchise? Here are 3 Signs appeared first on Accurate Franchising.

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Franchising your business is a great way to expand without the added stress of having to run each individual location yourself. At Accurate Franchising, we’ve seen time and time again how beneficial it can be to convert your independent business into a franchise, and we’re the perfect partner for guiding you through the process. From putting people in charge of your franchises who are actually invested in their success, to the global expansion you’ve always dreamed of, here’s why franchising your business with our help is the right career move.

Put People in Charge Who are Invested in Success

Independent businesses must invest a lot of time and money into training store managers, to ensure they’re qualified and equipped to run the business without supervision. However, since they aren’t personally invested in the success of the franchise, and could easily quit when a better offer comes along, this model isn’t ideal if you’re serious about starting a business empire. When you’re a franchisor, you don’t have to deal with turnover at the management level. Franchisee store owners are responsible for recruiting and training their own staff, and should they choose to leave the company, they’ll sell their business to another owner. When they sign on to franchise with you, they’re as closely linked to the franchise’s success as you are.

Franchisee Success Equals Your Own Success

When you recruit franchisees, you’re not just recruiting employees. You’re hiring investors who have spent a significant amount of money to open a new new location of your business. Unlike corporate employees who are paid the same rate regardless of the business’s performance, franchisees only make money when the business is successful,  meaning they have an extra incentive to go the extra mile. You will find that managing a team of franchisees feels more like having dozens of co-partners, who are equally invested in your business’ success.

Expand Your Brand

You can only be so many places at once. To build a business empire, whether it’s domestic or international, you need to maximize your presence while minimizing cost. Franchising allows you to build an endless number of new locations without personally shouldering the expense of labor, inventory, and location rental fees. It’s a win-win situation. Franchisees will get the benefit of your brand recognition in opening their new business, and you will get a new location, in a new territory, with an owner as committed to the investment as you are.

With Accurate Franchising, franchising your business has never been easier. We have years of experience helping business owners develop the resources and materials needed to start building a franchise empire. Reach out to us today for more information, or to get started.

The post Replace Store Managers With Store Owners as You Franchise Your Business appeared first on Accurate Franchising.

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It’s no secret why starting a franchise has proven so popular. It allows you to both simply your business as well as put you in a good position to expand. However, there are several challenges involved, and those challenged often easily deter prospective franchisees. You might be wondering what steps you can take to ensure your franchise gets off to a solid start, and that’s where we come in. Accurate Franchising has been helping business owners reach their franchising goals for over 30 years. We understand that the transition from a independent business to a franchise takes a lot of time and planning, but with a franchise consulting firm that functions are both consultants and franchisors, you can be confident that we have the answers. Here’s how we can help you make your franchise dreams a reality.

Develop a Plan

At Accurate Franchising, we work directly with our clients to establish an individualized plan according to their specific brand. We aim to fully understand our client’s business model and concept to determine if it is franchise-worthy, and whether there is enough demand. First, we’ll have the business owner fill out a franchise feasibility form, which gives us necessary insight into their current business model, and how marketable it will be as a franchise. If determine that it has potential, we can begin creating a franchise development plan and structure.

Design a Marketing Strategy

One of the most important steps in our process is helping you find prospects who would make good franchisees within your system. Through our own market research and the information you provide us, we’ll work together to establish a marketing strategy that pinpoints the demographics you’re looking for and generates leads. Our lead generation strategies have worked incredibly well for many of our clients, even helping us to identify as many as 40,000 to 50,000 franchise sales leads. To do this, we utilize several proven strategies like updating the website, taking advantage of paid ads, creating targeted content, and more.

Plan for Continued Growth

Once you have a few franchises up and running, we can finally move into more in-depth marketing. This includes national branding campaigns that are also designed to promote the growth of your individual franchises. We use a franchise CRM program that allows you to easily access sales leads, and spend more time and focus more on the important aspects of your franchise. Since we want you to grow your franchise as widely as possible, we also help you expand your brand internationally. Through targeted research, we determine locations outside the US that have demographics well suited to your business.

To take advantage of all the benefits Accurate Franchise offers, reach out to us today and learn how we can be of assistance to you.

The post 3 Great Reasons to Choose Accurate Franchising appeared first on Accurate Franchising.

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So you’ve already converted your independent business into a franchise, and now you’re wondering where you can go from here. Setting up a franchise is a great accomplishment, but oftentimes it’s not enough to satiate your dreams of starting a business empire. Accurate Franchising has 30+ years of experience offering franchise support to business and franchise owners who are ready to take the next big step in their careers. Here are some ways we help you take your franchise to the next level.

Refine Your Sales Technique

If you haven’t been having much luck attracting franchisees, it might be time to rethink your strategy. There are tons of people out there looking for an opportunity just like yours, but there’s a right and a wrong way to approach them. Through a sophisticated inbound marketing strategy and sales techniques, franchise consultants from Accurate Franchising can help you generate leads, create fresh content, and update social media for the right audience. In addition to crafting a winning marketing strategy for our clients, we also offer franchise support services for sales, aimed at helping you find new franchisees.

Use CRM Tools

Having an efficient, easy-to-use CRM tool can often make all the difference between success and failure. The Accurate Franchising CRM is engineered to help you keep track of leads, manage these leads, and save you time and resources. Our CRM tool has the ability to improve franchise performance, collect royalties, and increase your brand’s digital visibility. Over the past 30 years, we have perfected our CRM technology to enable us to handle 50,000 leads a year for over 1,000 different franchises across dozens of countries.

Look into International Expansion

The great thing about franchising is that it truly has no limits. If your business model is easy to duplicate, you might want t consider franchise expansion into other countries. This can be one of the best ways to grow your franchise.  At Accurate Franchising, we’re experts in international franchising. Our team is able to identify overseas locations with demographics that can give you the best chance of success. Mainly, we work widely throughout Great Britain, Australia, and Canada because the common language gives American businesses a greater chance to appeal to a broad demographic.

Use a Franchise Consultant

Franchise consultants can play an important role in helping a franchise grow and expand. With the right consultant, you will benefit from a customized business growth plan, tailored to suit your franchises’ specific needs. Our business consultants are highly trained and equipped to take your franchise to the next level.

To take advantage of our extensive suite of franchise support, contact Accurate Franchising today and learn more about how we can help you grow your business.

The post Looking to Strengthen Your Franchise Brand? Our Franchise Support Helps Every Step of the Way appeared first on Accurate Franchising.

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