NEW FRANCHISE
DEVELOPMENT PROCESS
The process to create a new franchise typically includes a following steps:
Process Step | Basic | Comprehensive | |
1 | Initial Consulting and Feasibility Review Conducted by telephone | • | • |
2 | Presentation of FA Portfolio Hard copies delivered by mail | • | • |
3 | Presentation and Signing of Service Agreement Delivered by email or fax | • | • |
4 | Client Completes Questionnaire and Submits Initial Payment Questionnaire delivered to client by email or fax | • | • |
5 | Initial Competitive Research and Analysis Presented to client at Kick-Off Meeting | • | • |
6 | Kick-Off Meeting Conducted in person (Comprehensive Package) or by phone (Basic Package) | • | • |
7 | Initial Strategic and Operational Recommendations Delivered by email, discussed by telephone | • | • |
8 | Drafting of Legal Documents Franchise Disclosure Document (FDD) and Franchise Agreement | • | • |
9 | National and State Registration Process Time required varies by state | • | • |
10 | Development and Presentation of Initial Creative Concepts May be presented by telephone or in person | • | |
11 | Development and Presentation of Marketing Plans May be presented by telephone or in person | • | |
12 | Drafting of Operations Manual May require additional on-site visit(s) | • | |
13 | Completion of Initial Creative Process May include identity & business system, brochures, ads, etc. | • | |
14 | Completion of Technology Projects | • | |
15 | Franchise Sales Training Can be conducted on site or at FA training center (additional fees may apply) | • | |
16 | Official Franchise Launch (generally 4 to 6 months from Kick-Off) Begin selling franchises in registered states | • | |
17 | Ongoing Consulting, Legal, Marketing, Sales and Technology Support Services provided as needed during twelve-month term of agreement | • |