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Body The Fitness Boutique Is Expanding With U.S. Franchises Peoria IL - The boutique fitness industry continues to pick up steam as Sarah Krupka, CEO of Body The Fitness Boutique in Peoria, Illinois prepares to take her highly customized solutions for empowering their guests, “inside-and-out”, to a nationwide audience. Specializing in Hot Power Yoga, Pole Fit, Barre, TRX, Power Pilates, and a host of other disciplines while simultaneously rocking to the music that makes you feel like you’re at a rock concert, Body has achieved an impressive following since their launch in early 2012.
Sarah Krupka is a shining example of the results that can be obtained. At age seventeen, Sarah weighed over Two-hundred pounds and took it upon herself to take a journey to explore her own ideal regimen. Body has successfully created a system that allows for complete customization of a program that bows to the mental, physical, emotional, and spiritual aspects of a human being. Instead of “physical punishment” and “negative self-talk”, Body stays away from encouraging people to achieve a “societal determined exact number” on a scale, and instead focuses on enriching a person’s relationship with one’s self, and positively creating the most effective fitness regimen. “I was most impressed by the limits on class sizes, combined with the intimacy and caring by the instructors” said Harold Miller, Senior Vice President of Francorp. “It is more like going to a small concert with a few close friends than a “duty” or a “physical obligation” to a daily routine”.
With a strategy of steady continual growth, Body is looking to focus more on the right franchisee who comes from the right background and appropriate motivations. Although there are a number of franchisee applicants, Body wants to attract a franchisee who has a passion for others, through amazing music and innovative fitness. In becoming a franchisee of Body, one will be provided with initial training and ongoing support, new programs and training regimens, an interactive digital database of video materials, marketing materials for new clientele and a community of experienced instructors that learn from, mentor and support one another through interactive master classes and a private instructor online blog. Currently, Body is anticipating selling the rights to any franchise territories once all compliance documents are completed. Body has engaged an outside third party financing firm who finances qualified franchisees in getting their unit up and running. Body is accepting contact information from interested parties in joining the team. Visit them at http://www.bodyfb.com, or call 309-360-0795 for more information.
Body partnered with Francorp to develop their franchise program and help them build a strong foundation for their franchise expansion. Francorp is the world’s leading franchise development firm with offices worldwide and has helped over 2000 companies expand through franchising in over 36 years. "Body is humbled to be selected by the world's largest franchise development company, Francorp, to take our mission of empowerment to the next level. We sincerely believe in changing the culture of fitness, from a culture of dread and 'perfection', to getting every individual excited to engage with their health inside and out, as the greatest one hour of your day, through the most fun, innovative forms of fitness. Body is a rock concert of fitness in every way, nurturing and empowering our guests in body, mind, and soul. We thank Francorp for helping us change the culture of fitness!", said Body’s CEO Sarah Krupka. Francorp provides customized franchise programs in a one-stop shop for all of the needs of a potential franchisor looking to exponentially expand their business. In addition to the business plan, compliance documents, operations manuals and marketing strategy that Francorp developed, Body has utilized Francorp’s franchise marketing, sales and management courses designed to help both new and experienced franchisors grow their business using the latest methods and tried and true approaches.
Body cannot wait to change the world, one “Body” at a time!
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! For more immediate assistance, call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond. Francorp Inc.
Franchise Operations Efficiencies: The Pre-Emptive Strike Olympia Fields, IL - Striving for maximum efficiencies in the franchise operation in any industry should be a primary focus of management in any economy, whether in prosperous times or in unpredictable economic environments. There is no industry that is safe from what I like to call the “comfortable corruption of complacency” whereby we become so used to the excellent business system which we have created and honed that we fail to see the gaping holes in our current procedures that allow productivity and operating capital to leak out like a ruptured pipe.
The problem is not centric to any particular industry. The restaurant business is an easy target, whereby a behemoth success like McDonalds Corporation can increase the speed and efficiency of their drive-thru window and add literally hundreds of millions of dollars to their bottom line. It is no less true of an organic food delivery franchise whose lack of intelligent logistics cost them an extra hour of wasted labor-per-day, and $26,000.00 per year in fuel costs. I recently had the pleasure of engaging in the creation of a new operations manual for a small chain of one hundred check-cashing stores, whereby the inconsistencies in operational procedures between each unit was confusing and wasteful due to unnecessary duplication of processes and brand-damaging customer confusion.
I’m a strong believer that when examining operations inefficiencies, “another pair of eyes” looking over your shoulder is important….as long as that other pair of eyes is a franchise industry operations expert, who can properly identify and transcribe the solution to each challenge or problem. Also in the realm of solutions I love are “re-purposing” procedures to create an expedited financial result.
So how often do you update your franchise operations manual? Due to the time commitment and the management that must be actively involved, most of us put this procedure off entirely too long, and are content to simply add new procedures to our network as needed. However, what I am proposing here has nothing to do with the week-to-week additions to new products, procedures, or training methods to embed in our existing documents. Instead, I suggest that the relatively minor cost of instigating a ground-up update to the franchise operations manual as a preemptive strike to achieve improved workflow and economy is a wise move to force meaningful required change.
When we purposely go thru the investment of time to update and re-construct our operations manual, we are forcing ourselves to look at every aspect of our franchise and the inherent challenges within it. To achieve the maximum benefit from a full investigation of operations, it is better to re-build from front-to-back, forcing each participant, consultant, and manager involved to revisit all aspects of the document with a fresh and current look. In addition, it is unwise to delegate this task to just a manual writer and a few lower-level managers whose experience may currently be too narrow to see all the required changes. Invite the company’s best talent, as well as the best experts in the franchise industry available to you to re-investigate every procedure, explore the latest knowledge and technology to increase efficiencies, and remove wasted cost and effort.
You cannot enforce what you don’t define. Actively engaging in the process of reexamining the whole franchise as a defined group of relevant processes has both the physical and psychological effect to create huge end-results. The operations manual itself is just the “container” which holds the wisdom and procedures customized for each business. The true benefit is having all decision makers and employees actively involved in each productive change to better the enterprise.
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! For more immediate assistance call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond. Francorp Inc.
The Franchise Modeling Process: When Are We Ready To Develop? Olympia Fields, IL - I am very blessed to be able to review scores of new potential franchisors and their various business models every year. Regardless of the endless challenges in our world economy, the creative forces of the human spirit continue to inspire both brand new ideas and derivatives of older concepts that are no less than brilliant in their business systems and franchise opportunities.
One area of much concern is, even if a potential franchisor has a proven and profitable system worthy of franchising, is their existing store unit or other given unit structure indicative of what they are selling to their first franchisees? Many of the most profitable business models were “boot-strapped” from the ground up, and wound up in store spaces or offices that are not worthy of the “model store” or “model structure” that a given franchisor wishes to develop.
This inspires many brilliant business models that have all of the relevant tools in place to franchise their system to delay their expansion in favor of building at least one, and many times many more company-owned units prior to expanding their business. In effect, they are temporarily stalling their franchise development in favor of having a more “visible” platform to sell. In some cases, this may be the correct thought process, such as when there is more than enough adequate capital to rapidly build more company units without losing significant “market-momentum”. However, in more than half the prospective franchisors that I see, this is a tremendous mistake. What the new franchisor is essentially doing is taking capital that needs to be used to properly put the franchise system together, and perfecting the model’s “physical structure” in lieu of taking the profitable system to market quickly.
We live in a modern architectural age for retail and office store design. For example, several of our vendors in the realm of store architecture, financing, and related logistics can literally create a turn-key perfected model, lease it back to a new franchisee over seven or eight years, and illustrate the end result using the newest computer design tools so accurately that putting money and energy into fully developed company-owned units is just a paralyzing waste of time. “Time-to-Market” is crucial, and so is ethically demonstrating the end result of a finished unit to a franchisee buyer. However, wasting a new franchisor’s development resources in perfecting the initial company stores by actually creating additional physical locations can be an expensive mistake. There are cases where adding more company units first is necessary, such as specific medical models and some unique service franchises. But in spite of the illustrative benefits of our digital age, I am still asked by almost 100% of my clients “Don’t we need to put in at least two more units before we can sell this as a franchise?” It can take a considerable amount of analyses to answer the question in some cases. Most of the time, spending resources on more real estate is the wrong focus.
Selling the first five units of almost any franchise model is the hardest part of entering the market for most new franchisors. There are few things more valuable than the trust our initial franchise buyers are putting in us when they agree to buy into a system that is working well as a stand-alone operation, but is yet unproven as a successful multi-location franchise. Although this challenge DOES get easier when you have two or three “model” stores with some kind of proven track record, you must ask yourself the fundamental questions prior to going down that path; Are my resources better spent on creating more operating structures myself? Or should I use the tools available to illustrate the contents approved for new units, and invest in expansion of my profitable model earlier in the cycle? As technology takes over the business universe, most of us have become more comfortable with understanding what we are buying or investing in by visualizing digital data and form.
For most successful business systems in the modern day, being able to prove the benefits of your reliable system and the support provided therein is much more important than having the perfect model store firmly in place. However, every business needs to consider this question individually. Take the time to strategically analyze the benefits of both options by doing a complete S.W.O.T. analyses (Strengths, Weaknesses, Opportunities, and Threats) of delaying your “Time-to-Market” before making the leap in either direction.
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! For more immediate assistance call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond. Francorp Inc.
The Fine Art Of Saying “No” To The Wrong Franchisee Profile Olympia Fields, IL - Some franchise consultants lose sleep over the unpredictable economy. Others worry about the credibility of their market data on a given project, or the viability of a given prospect’s concept. What keeps me up at night is my phone ringing with one of my franchisor-clients on the other end of it, asking me to agree with them on a completely inappropriate franchisee buyer for their next unit.
Most of us in the human race hate the very idea that we can be accurately “profiled” in the first place. This in itself adds to the complexity of the decision when a willing buyer waves a check in front of a young franchising company, even though they lack the proper work history, emotional strength, functional capability, and overall dedication to the concept to be an asset to the franchise system. There are many times in life where we are forced to make uncomfortable compromises to move forward. The due-diligence process leading to a new franchisee is not one of them.
Intellectually most of us know that inviting the wrong franchise buyer to the party is insanity. It is much more critical to award the absolute best franchisees than it is even to hire the correct manager for a corporate unit, because even though both are critical to a business, it is much harder to cure a failed franchise operator than it is to fire a bad manager. In spite of the seemingly endless classes I teach on this topic during the various training cycles of a new franchisor, including borderline “brainwashing” sessions, standing on my head at various junctures, and one-on-one sessions with a dozen case-studies on the topic for illustration purposes, when financial pressure rears its ugly head the new franchisor is eternally tempted to think the best of a bad prospect. At the end of the day, the franchise business belongs to the franchisor and it is they who suffer the consequences of caving in to this temptation.
Part of every well rounded strategic analyses and marketing plan for a new franchisor should include a thorough “bullet list” containing all of the fundamental elements and qualities of a desirable franchisee for the enterprise. This is an obvious and clear focus of most gifted franchise consultants. However, what is lacking in most competitive documentation that I have seen is an actual built in routine that is mandatory prior to any and all closings taking place on a new award. Much care is taken by the responsible franchisor in making certain that all legal compliances are followed prior to making a sale most of the time. However, franchisors do not generally have an adequately defined and implemented mandatory routine forcing the proper vetting of prospects prior to sale. Oh, they pull the usual credit and legal reports and other basic background checks. What about the overall psychological profile, and vetting and testing of overall abilities? Are they physically healthy enough to work sixty hours a week in your environment? Every required routine must be clearly defined and fully used. The temptation to be blinded by the desire to close a franchise sale is very dangerous.
One of the best examples of this can be taken from the tax services industry, of which I have spent a large percentage of my life prior to becoming a franchise consultant. Because of my prior position, I have been approached by three very experienced players looking to compete with H&R Block, Liberty Tax Service, and other franchises or corporate chains to take advantage of fragmentation in this market. One of my new prospects from this industry was an area developer for one of the major tax franchises. He spoke to me very emotionally about never wanting to be like the company he worked for, which would sell a tax franchise to literally anybody whose check would clear, leaving him to deal with the explosion that ensued when their inappropriate participant failed miserably. Even well known names in the industry rush the process, and are some of the worst offenders. The tax industry is only one example of how the art of saying “no” needs to be learned. Every franchisor, new or old, needs to have a defined and mandatory system in place that results in a full and proper vetting, using both internal and external resources in a reliable and consistent way.
Learn the art of saying “no” and exercise some patience and wisdom in the sales process. Remember, the individual and multi-unit buyers of your franchise are joining your family for the long term. Don’t “sell” your franchises in a desperate frenzy when the pressure is on. Instead, “award” your franchises to the best prospective applicants.
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! For more immediate assistance call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond. Francorp Inc.
The Search For Truth: Properly Researching And Geo-Targeting New Franchise Locations Olympia Fields, IL - A favorite component in my own personal development is absorbing the amazing work of Professor Steven D. Levitt, world famous economist from the University of Chicago, and his journalist cohort Mr. Stephen J. Dubner with their Freakonomics series of books, movies, and ongoing podcasts. The micro-economic analyses and techniques they use to “drill down” to reach their conclusions of how results are achieved (or could potentially be achieved…) are nothing short of amazing. I began reading their first Freakonomics book when it was first released, and was immediately hooked, now downloading every podcast, re-watching every clip and movie, while constantly sending the books out as gifts to family and friends like some kind of cult enthusiast. Although some of the conclusions that they and their army of friends in the world of economics arrive at can be almost “frightening” in scope, I never cease to be impressed by the level of thought and hands-on research that encompasses their topical, targeted work.
Due to the nature of my work as the VP of a franchise consultancy, many late nights are spent absorbing mountains of data derived from both clients and our own strategic team on all facets of a given franchisor’s process to make certain the best decisions are made in moving forward in each phase. One of the many challenging decisions of opening each store or service location is properly researching all of the variables involved in geo-targeting the best spot(s) accurately. If you are locating in a mall or a strip center, you can rest assured that the owners of the real estate are painfully familiar with the positives and negatives of any given property. The best developers use the latest video and other digital tools to plausibly define the demographics and traffic patterns for their units at nauseum, as well as collecting the hard data on gross sales and most other fundamentals.
It is an integral part of any responsibly drawn franchise sale agreement that the franchisor has the final say and approval of any given location and its required components, protecting the brand, and having the ability to cancel the deal on an inappropriate property or environment. These agreements should always be attorney reviewed and customized for each franchise offering.
I am many times amazed at the lack of “hands-on” research and monitoring that franchisors put into the approval process of new locations to benefit both themselves and their franchisees. You don’t need to do a painful two-year location study to derive the appropriate amount of data to approve a location. However, it can be a great investment to go beyond the data that the location owners want you to absorb, and do some due-diligence yourself, including video surveillance and statistical analyses. Many local and environmental factors can radically change the viability of a location, and although many of the critical statistics may seem obvious when reviewing the generally available data, a reasonable investment in monitoring traffic patterns, demographics, the overall “feel” of a location and the like are more accurately analyzed by creating your own data sets. A well documented market study will give you a great working platform, but there is no substitute for hands-on micro-intelligence gathering before making a long-term investment in a location.
It is always pleasing when a client spends a good amount of time explaining the look, feel, demographics, and overall performance of a location they wish to acquire. What makes their zeal for careful selection even more enjoyable though, is when they can back up their assertions with the best data possible prior to signing the lease, or acquiring a property. Make this micro-analyses strategy a crucial part of your market research budget, and work hand-in-hand with your franchisees to protect both their interests and your own.
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! For more immediate assistance call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond. Francorp Inc.
The Delicate Problems Of Inter-Galactic Franchising Olympia Fields, IL - As the Space-X Dragon splashed down in Los Angeles the other day, I couldn’t help but get caught up in the most crucial technology question of our day; Who will buy the franchise rights when they are ready to build the first Hampton Inn next to the International Space Station to accommodate all the tourists that Elon Musk at Space-X and Sir Richard Branson from Virgin Galactic will be constantly hauling up to enjoy the view?
Things are about to get a little messy and complicated when it comes to international territory rights, general ownership, and franchise sales on multiple planets. You may think I’m joking, but I guarantee you that Attorney Tim Hughes, General Counsel and VP at Space-X, and Marc Holzapfel, Legal Director at Virgin Galactic are staying awake at night worrying about how the most successful franchisors in the world are going to carve up the universe. After all, we are just one particle-accelerator engine design away from being able to cost-effectively mine lithium and gold from the moon. Who is going to house and feed all these miners and space-tourists when these large-format space vessels are going back-and-forth like the L-Train?
The Cato Institute via contributing author Joel D. Scheraga wrote a white paper outlining how as satellite technology becomes increasingly less expensive, territory rights for the expanded amount of units launched to control our massive need for communications is becoming more complicated. The same way that the placement and targeting of this satellite “real-estate” needs to be valued and distributed properly in today’s space environment, commercial franchise rights must also be defined throughout the galaxy.
At this juncture, space tourism is the only potentially viable justification for putting franchises in space. Harvesting minerals, however, is only ten to twenty years out, according to Bob Richards, CEO of Moon Express in this recent interview https://www.youtube.com/embed/Sv0EKb_4JBg. When considering the viability of any franchise investment, looking at least ten years out is certainly a prerequisite, especially when considering something as challenging as space expansion.
But for now, Sir Richard Branson from Virgin Galactic is the only one brave enough to take the critical step of actually selling TICKETS to space (530 tickets sold at last count! http://www.virgingalactic.com/booking/) and therefore is in a stellar position (no pun intended) to organize the franchise investment for inter-galactic hotels and entertainment. You better believe that the zillionaires that can afford those travel tickets are going to get a little board hanging out at a given planetary station for long periods of time without any entertainment. I mean, staring out the window into space will be fun for maybe a day and a half, and then you need some Dom Perignon and a functioning Jacuzzi.
It is not hard to picture either Elon or Sir Richard arranging financing to erect the buildings to house the first KFCs, McDonalds, and Four Seasons Hotels on every available planet. But what do we do when China cries “foul”, pointing out that the U.S. and U.K. have no right to declare inter-galactic boundaries arbitrarily and start soaking up space? There is no doubt that territorial and franchise legislation in space will soon launch a new and complicated chapter in franchise law, redefining the rules of replication beyond our world’s borders.
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! For more immediate assistance call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond. Francorp Inc.
ARE MY SALES STRONG ENOUGH TO FRANCHISE Olympia Fields, IL- The sales criteria needed to determine whether a business has what it takes to franchise is dependent upon many variables. The gross sales of businesses in some instances are not always the determining factor of profitability. For instance, restaurants may see high level of sales but their profit margins are typically low. In other businesses that have lower start up costs such as home based businesses, or distribution franchises, the overhead is minimal and gross sales may not be at a level of larger establishments but the margins are much stronger.
The standard measure applied to determine franchisability is that a franchisee, by the second year, needs to have a 15 percent return on their cash investment plus a manager’s salary. If this measurement does not seem feasible for the business, one must reset their sales goals and gear up their marketing initiatives in order to pursue franchising. Sales in every industry can vary dramatically. If properly disclosed, a strong sales figure can be a positioning tool in the franchise marketplace. The type of industry, the market and the concept all need to be taken into consideration when it comes to evaluating gross sales. As a business owner, one detail to remember, whether the sales are $100,000 a year or $1,000,000 a year, it takes just one individual to see the potential of the business and invest in the franchise.
Are you ready for the next level?
The issue of sales criteria is one of the many topics of Francorp’s online “Franchise A Business” seminar. To learn more about franchising, or how to franchise your business, visit http://www.francorp.com or call 800-372-6244. Also, visit http://www.francorp.com to download the free e-book and take the franchise quiz today! Francorp Inc.
FRANCHISING EXPLOSIVE PROFITS Olympia Fields, IL- Franchising is well known for high margins, predictable revenue, and rapid growth. As a franchisor, how do you make money and what sort of profits are to be expected?
Franchising produces revenue through two main vehicles: franchise fees and royalties. Franchise fees are not viewed as a significant profit center but instead act as an immediate cost recovery vehicle. Franchise Fees offset a franchisor’s initial expenses for marketing, training, support and other costs until a franchisee’s royalty payments surpass the costs for ongoing support.
Product sales, technology sales and supplier kick backs all contribute additional revenue to your franchise, but royalties are the lifeblood of franchise system profitability. Many franchisors experience over 50 percent profit in their royalties making it one of the most lucrative methods of expansion. The high margin in royalties comes from the minimal expense in support and training compared to the number of units paying royalties into the system.
For example, if you have 20 franchisees, you may only require a single field support person to service them. Assuming an industry average of 6% royalties and $500,000 gross sales per franchisee, the franchisor generates $30,000 per year per unit or $600,000 per year. With a minimal staff of leadership, field support, marketing, sales and accounting, much of which can be outsourced, a franchisor can keep costs to a minimum as the franchise system expands. Additionally, many of these individuals can take on more responsibilities as the franchise grows increasing profitability while continuing to limit expenses.
Are you ready for the next level?
The issue of profitability is one of the many topics of Francorp’s online “Franchise Your Business” seminar. To learn more about franchising, or how to franchise your business, visit http://www.francorp.com or call 800-372-6244. Francorp Inc.
ARE YOU SITTING ON A GOLDMINE Olympia Fields, IL - Do you have a successful business? Have you weathered the economic storm? Do you have one or two locations or territories? If so, it is time to think about expansion again.
Francorp frequently talks to business owners who express their desire to expand, but realize that they have limitations. They don’t have the capital, the people, or the time to achieve their desired growth. If you feel like this describes you and your company, then it is time to realize that you are worth more for what you know than what you can achieve in a day working in your business. The question is, how can you take advantage of this knowledge and “cash in” on those great ideas that you have been honing for years. One way to do so is to revisit the idea of franchising over opening a new company-owned store.
In a world with multiple business models, a company-owned store is a tried and true approach that does not always maximize on its full growth potential. Today it is harder than ever to produce the capital needed to generate a new storefront location on a company’s own dollar. With current credit restrictions and collateral requirements, it is even harder to acquire loans and investments. A franchise expansion model allows you to capitalize on other people’s money while at the same eliminating the burden of staffing and managing a new location.
Franchise companies typically earn an upfront “franchise fee,” averaging roughly $35,000, on top of the investment that the franchisee is making to start the business. In addition franchisors earn an ongoing royalty payment averaging 6% of gross sales. Some franchise companies even sell products to their franchisees as an added revenue stream. Franchising is an expansion model that allows companies to replicate their operations and brand name while utilizing the money, time and motivation of individuals that are looking to start their own business.
The issue of franchising or company-owned units is one of the many topics of Francorp’s online “Franchise Your Business” seminar. To learn more about franchising, or how to franchise a business, visit http://www.francorp.com or call 800-372-6244. Francorp Inc.
FRANCHISOR EXIT STRATEGY Olympia Fields, IL- Whether a business owner wants to sell the company, take it public, pass it on to their children or just hold on and retire, franchising provides the aggressive growth, accountability structure and predictable revenue to appeal to several types of exit strategies.
Franchising leverages a business owner’s system of operations to provide an opportunity for people to get in business for themselves utilizing a proven business model. Franchisees act as independent business owners and are not working for a manager, director, or boss, they work for themselves.
Franchising creates a secure revenue stream with franchisees that are dedicated to their own growth. Royalties, which are paid off of gross sales, increase as franchisees become more successful with their business. Franchisees are putting up the money and the time to build their franchise and are rewarded off the bottom line. The motivational issues and managerial oversight that are required in corporate expansion are not as prevalent in franchise growth. This cycle of growth creates a terrific source of predictable revenue which creates a safer transition of ownership and strong interest from private equity firms and investors. It is for this reason that franchise companies are typically valued at 7-10 times EBITDA, several times higher than the average 5 times valuation for business.
When the owner of the company sells or retires, franchisees are still responsible for their own stores and generating profits for themselves, a trait which transcends all exit strategies.
Is NOW the time to franchise?
The issue of exit strategies is one of the many topics of Francorp’s online “Franchise A Business” seminar. To learn more about franchising, or how to franchise a business, visit http://www.francorp.com or call 800-372-6244. Also, visit http://www.francorp.com to download the free e-book and take the franchise quiz today! Francorp Inc.
WHEN IS THE RIGHT TIME TO FRANCHISE Olympia Fields, IL- As business owners, we are constantly thinking about expansion but never want to spread our resources too thin. Is now the time to expand? The decision to franchise stems from a businesses need to stay competitive and service a growing market. Businesses can franchise when they have been up and running for six months or ten years. Whether they have 1 unit or 20 units. Companies typically decide to franchise when they are in a position where they do not have the money to fuel aggressive expansion, the people/personal time to oversee additional units, or the time to grow at a slow pace either due to competition or market opportunity.
Franchisability is determined by a business’ systems. Their product or service needs to be systemized to the point that it is consistent and teachable. Is the business currently documenting their operations? Does the business keep accurate records? Entrepreneurs can be very quick to downplay how systemized their business actually is. Their marketing, accounting systems, sales processes, products, suppliers, staff, training, even their legal structure and dress code are all part of the system that is Their Business.
As part of Francorp’s process, we document all of these systems into a comprehensive operations manual that serves as a training, procedure, marketing, start-up, and franchise manual. Everything about a business must be described in detail to ensure that franchisees have the tools and franchisors have the security for sustainable franchise growth.
Is now the time to franchise the business?
The issue of timing is one of the many topics of Francorp’s online “Franchise A Business” seminar. To learn more about franchising, or how to franchise a business, visit http://www.francorp.com or call 800-372-6244. Francorp Inc.
WORKING ON INSTEAD OF IN YOUR BUSINESS Olympia Fields, IL - At Francorp, we frequently come across business owners who feel that they don’t have the time to evaluate franchising or look at expanding their company. They work 18 hours a day just to keep their business running. When entrepreneurs start their business they don’t set their goals on washing dishes or cleaning carpets, but rather creating something that is much larger than themselves, creating a company.
Expanding with more corporate units not only forces you to spread yourself between multiple locations but the cost typically impedes aggressive growth. Franchising is about taking the next step to working on your business as opposed to in your business and training others to take on the day-to-day responsibilities. With the experience of starting a business, refining marketing strategies, developing systems, and growing a brand business owners are worth more for what they know than what they can achieve in a day. By training others on your systems and knowledge, franchising helps owners expand their brand and make the transition from working in the business to working on the business.
Once out of the day-to-day business, a franchisor can finally achieve their goals on creating a national company. Finally with time to focus on the bigger picture business owners can start to achieve economies of scale, a national presence and the development of a company that would otherwise be limited to the owner’s time in a day.
Are you ready for the next level?
The issue of working on your business opposed to working in your business is one of the many topics of Francorp’s online “Franchise Your Business” seminar. To learn more about franchising, or how to franchise your business, visit http://www.francorp.com or call 800-372-6244. Francorp Inc.
FRANCORP PHILIPPINES CELEBRATES 15TH YEAR IN BUSINESS Olympia Fields, IL- Francorp’s Chairman, Mr. Don Boroian, attended Francorp Philippines’ 15 year anniversary of consulting and developing world class franchises in the Philippines. To celebrate Francorp Philippines’ 15 years in business, Francorp Philippines’ hosted a three day franchising conference, “The Master of World Franchising in Manila”. The three day event was broken down into two modules. Module one was covered on day one titled, “World’s Best Franchise Secrets from the Master”; while day two and three were dedicated to module two titled, “Advanced Franchise Management”. At the conference Francorp Philippines’ CFE, Samie Lim, had Francorp’s Founder Mr. Don Boroian speak on the topics of franchising in the Philippines, and franchising worldwide.
While speaking in Manila, Boroian gave presentation to thousands of attendees covering topics on Franchising In The 21st Century: How The Rules Have Changed, Today’s Hottest Trends In Franchising Worldwide, Multi-Branding: The Hottest New Trend In Franchising Worldwide, Building The Franchisor Organization and Take Your Franchise To The World: Master Franchising/Franchisor Compliance. Each presentation given by Mr. Boroian was mapped out with the hottest trends and strategic planning needed for growth, along with the rules and regulations of franchising to help individuals, and franchisors, understand what it takes for a business to become a global phenomenon.
Franchising in the Philippines has reached new heights in 2011, and will continue to grow at a rapid rate into 2012. According to Francorp Philippines, the domestic franchising industry posted a strong 17% growth in 2011 with sales reaching US$11 billion from US$9.4 billion the year before. In a recent statement made by Francorp Philippines they say franchising now comprises an estimated 30% of total retail sales in the Philippines. The astounding numbers from Francorp Philippines don’t stop there. From 2000 to 2011, the franchise industry registered an overwhelming 262% jump while it employed 1.03 million among 1,300 franchisors and 125,000 franchisees.
“Though there is a worldwide recession, it has not severely affected the Philippine market. You also have political stability, which is a great asset for companies expanding franchises versus other countries that might have a strong economic base but with political issues,” said Don Boroian. According to the Philippine Franchise Association, in 2010, the bulk of franchises consisted of the food sector (42%), retail (34%) and service (24%).
“Franchising has a high success rate. Filipinos believe in the system and once entrepreneurs put 100% of their attention to their business, the results are simply unimaginable,” says Samie Lim. Founded in 1996, Francorp Philippines is a franchise consulting and development firm, with over 200 noteworthy franchises developed, or assisted at various stages of their growth. Francorp clients have accounted for 25% of the total franchises in the Philippines market and have helped increase the number of franchise brands from a little over 100 in 1997 when Francorp was founded, to 1,300 in 2011. Francorp Philippines’ clientele include businesses that have become international successes such as Jolibee, Max’s Goldilock’s, Pancake House, Island Souvenirs, Bench and Kamiseta.
Currently, Mr. Lim has indicated that the Philippine Franchise Association is in talks with the Philippine Stock Exchange (PSE) to attract more franchise-oriented firms to list on the local bourse as another fund-raising strategy. Mr. Lim says he hopes to have 10 companies listed within the next two years.
Francorp has been in operation for over 36 years, making it the world’s oldest and largest franchise consulting firm and has assisted over 3,000 companies with franchise expansion. With an entrepreneurial mindset, Francorp provides an “all under one roof” approach which allows companies to focus on their business and have one single point of contact and consultation. Francorp has offices all over the world and assists all kinds of business in franchise expansion. To learn more about Francorp and how they can help your business expand via franchising, visit their website at http://www.francorp.com.
If you are interested in learning more about franchising your business, contact Francorp at 708-481-2900 to speak with a Franchise Analyst today, or visit http://www.francorp.com.
Click here to view Jimmy John’s video testimonial to get a customer’s view on how Francorp is the right choice for anyone who wants to franchise, http://www.screencast.com/t/zK2knsyQ.
For those of you interested in obtaining information on buying a franchise, please visit http://www.francorpconnect.com. Francorp Inc.
MR. RONNIE’S FAMOUS HOT DONUTS PARTNERS WITH FRANCORP FOR FRANCHISE EXPANSION Houma, LA- The southern donut venture has teamed up with Francorp, the industry leading franchise development and consulting firm, to expand in towns across the country. When asked why Mr. Ronnie’s Famous Hot Donuts is franchising, the answer was unanimous across the board from all owners, the customers. Wendy Picou said, “Many customers that moved away from Houma have returned to tell us that we should open a Mr. Ronnie’s here or there. When coming back to visit the Houma area, customers are told by their family members not to return without Mr. Ronnie’s Famous Hot Donuts!” Wendy continued to say, “We have countless stories from people throughout the country as to how much they love our donuts. We always thought about franchising, but never knew how to take the next step to make it a reality”.
Founded by Ronnie, Linda and Bud Picou, Mr. Ronnie’s Famous Hot Donuts opened on March 19th, 1994. Prior to opening this Mr. Ronnie’s Famous Hot Donuts, Ronnie Picou started in the donut business in 1976 as a franchisee of the Tastee Donut franchise system. After parting ways with Tastee Donuts, Mr. Ronnie Picou opened his own location in 1994, with the mantra “Only the Best”. Mr. Ronnie’s Famous Hot Donuts is a classic 50’s style diner where the production line/kitchen setup is a key feature by being openly visible for customers to watch each donut being made fresh from scratch. Wendy Picou says, “Customers love to see the donuts being made right in front of them because they know their donuts are made hot, fresh and ready to eat”.
Mr. Ronnie’s Donuts uses only superior ingredients to make their donuts. Specializing in hot/warm glaze donuts around the clock, 24/7, a customer will always receive hot/warm donuts, period. Mr. Ronnie’s Donut’s menu offers over 30 varieties of donuts and pastries to choose from along with Mr. Ronnie’s sliders and fries. Some of Mr. Ronnie’s Donuts signature items are the pecan praline éclairs, the red velvet cake donut with cream cheese icing and the Mardi Gras King cakes just to name a few.
Mr. Ronnie’s Famous Hot Donuts plans to focus on creating a regional circle around the original location in Houma, Louisiana. This will allow for the franchise system to grow off of a strong support base that will eventually reach into the Gulf Coast Sunbelt region to as far West as Houston, Texas. Once Mr. Ronnie’s franchise system grows, Mr. Ronnie’s Famous Hot Donuts has an ultimate goal of franchising in all 50 states. The Picou’s have received hundreds of inquiries in the short time Mr. Ronnie’s Donuts has been accepting information for future franchise locations.
Mr. Ronnie’s Famous Hot Donuts partnered with Francorp to develop their franchise program and help them build a strong foundation for their franchise expansion. Francorp’s Chairman, Don Boroian, said: “This is a fantastic concept! Our Regional Director, Rocky McMillian, discovered them and called me.” He said “You have got to fly down here and see this operation”. Boroian flew in twice and was so impressed with the product and the family that he has personally chosen to head the project himself. Rocky McMillian is currently handling the franchise sales for Mr. Ronnie’s Donuts. To get more information on a Mr. Ronnie’s Donuts franchise please call, or e-mail, Mr. McMillian at (985) 381-0164, or roc5824@yahoo.com.
Francorp is the world’s leading franchise development firm with offices worldwide and has helped over 2000 companies expand through franchising in over 36 years. Francorp provides customized franchise programs in a one-stop shop for all of the needs of a potential franchisor looking to exponentially expand their business. In addition to the business plan, compliance documents, operations manuals and marketing strategy that Francorp developed, Mr. Ronnie’s Famous Hot Donuts has utilized Francorp’s franchise marketing, sales and management courses designed to help both new and experienced franchisors grow their business using the latest methods and tried and true approaches.
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! For more immediate assistance call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond.
Looking to buy a franchise? View information on the Mr. Ronnie’s Famous Hot Donuts franchise and many other Francorp Clients at http://www.francorpconnect.com.
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PROTINGENT STAFFING SELLS ANOTHER FRANCHISE! Redmond, WA- Protingent Staffing has recently sold another franchise. One of their long-term corporate employees decided to upgrade from being an employee to being the boss and purchased a franchise. He will be moving from Washington to California to establish this new office. This is a testament to the value proposition that Protingent Staffing offers to their franchisees. The fact is, someone inside the company already is in the best position to be able to evaluate the franchise opportunity.
The Protingent Staffing franchise specializes in providing product development engineers to businesses in need of technology experts. Their recruiters take the time to pre-screen all IT candidates properly in order to find the right person for the job. Having opportunities in software, hardware, system, test, and manufacturing engineering to information technology and aerospace aviation, Protingent Staffing has staff working fast to access the best engineers in the area.
Given that the economic climate has been tenuous, this franchise opportunity offers a solution to the IT professional that is out of work, as well as the companies that are looking to upgrade their technology staff to be able to more readily compete in this technological world in which we all now live. Among the biggest gainers in this booming industry are staffing companies that focus on white-collar, Information Technology, professions. It seems that many workers are turning to Protingent Staffing looking for a job opportunity, and it seems American companies are turning to technical staffing firms in increasing numbers to fill their specialized vacancies, needs, and/or opportunities. In 2009 protingent Staffing made the prestigious Inc. 5000 list for the fourth consecutive year in a row. To get more information on the Protingent Staffing franchise, visit their website at http://www.protingentstaffing.com.
Protingent Staffing engaged Francorp to assist them in developing their franchise program. Protingent Staffing was interested in creating a mutually beneficial relationship with their franchisees and sought Francorp’s council on this issue. Francorp has been in business for over 34 years and has helped thousands of companies expand through franchising. As a one-stop shop, Francorp assists companies in the development of their franchise business plans, compliance documents, operational manuals, marketing strategies and more to help companies expand. Capitalizing on Francorp’s track record of success and wealth of franchise knowledge, Protingent Staffing is poised to expand with a program specifically designed to leverage their immense depth of intellectual property. If you are looking to franchise your business or learn more about franchising, please visit http://www.francorp.com and download the free e-book and take the franchise quiz today!
Looking to buy a franchise? View the franchise opportunities available from Francorp clients at http://www.francorpconnect.com. Francorp Inc.
SHAKES ALIVE PARTNERS WITH FRANCORP INC. Estes Park, CO- Looking to get into the franchising industry, Shakes Alive has partnered with Francorp Inc. to bring their concept to the next level. Located in the heart of the Rocky Mountains, Shakes Alive is producing a product that is just as memorable as their view. Shakes Alive is a part of the cutting edge movement of mixing organic fresh fruit with some frozen yogurt to get an amazing fruit shake. Opened seasonally for the months of May through October, Shakes Alive offers a full menu filled with breakfast, lunch and dinner items served any time, all the time. Keeping with the healthy theme, Shakes Alive offers breakfast items served hot with your choice of bagels, or in a wrap format. The customer can complement their breakfast by purchasing an espresso, a house coffee, or a fruit shake and smoothie. The lunch and dinner menus feature great sandwich plates, also offered as a wrap, with a side of chips and a Pearson’s dessert mint.
If you don’t have the room to eat a full meal, Shakes Alive offers a quick stop tasty treat for all ages. With the addition to the bagel, sandwich and fruit shakes, Shakes Alive offers fabulous milk shakes and malts, sundaes, banana splits, iced lattes, a complete fountain array, and of course the famous fruit shakes, royal fruit shakes, and smoothies. If you are interested in learning more about Shakes Alive franchise opportunity please visit http://www.shakesalive.com, or call (970) 577-7007.
Shakes Alive is working with Francorp to develop their franchise program and help them build a strong foundation for their franchise expansion. Francorp is the world’s leading franchise development firm with offices worldwide and has helped over 2,000 companies expand through franchising in over 34 years. Francorp provides customized program in a one-stop shop for all of the needs of a potential franchisor looking to exponentially expand their business. In addition to the business plan, compliance documents, operations manuals and marketing strategy that Francorp is developing, Shakes Alive is utilizing Francorp’s franchise marketing, sales and management courses designed to help both new and experienced franchisors grow their business using the latest methods and tried and true approaches.
Interested in learning more about franchising and/or franchising your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! Need more immediate assistance? Call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond.
Looking to buy a franchise? View information on the Shakes Alive franchise and many other Francorp Clients at http://www.francorpconnect.com.
#### Francorp Inc.
A FRANCHISE STORM IS BREWING, STORM GUARD RESTORATION FINISH THEIR COMPLIANCE DOCUMENTS Minneapolis, MN- Officially completed with their compliance documents; Storm Guard Restoration is ready to launch their franchise concept. Paving a path in an industry that is always evolving, Storm Guard is recognized nationally as the first franchised system for exterior insurance restoration. In an insurance industry that has damages exceeding over one billion dollars in claims each year, this low initial investment franchise specializes in roofing, siding, windows and gutter claims due to hail and wind damages.
Severe weather affects hundreds of thousands of homes each year. Storm Guard offers customers a no hassle approach to restoring their home’s exterior to a “like new” condition. The Storm Guard System is on the fast track on a national level. Their motto is simple; “train, support, and retrain”. Since being founded in 2003, Storm Guard uses cutting edge training programs, and continued support to help make the franchisee feel secure in the Storm Guard System.
Everyone has rights that need to be protected. Storm Guard has highly trained claims representatives to help assure that every customer’s insurance company gives their property a fair damage assessment. Storm Guard also handles the financial negotiations with the carrier to settle the claim fairly and promptly. Being a part of the Storm Guard franchise, as a franchisee, your duty is to carry out the assessments and restorations. It is the franchisor’s responsibility to take care of all the insurance claims.
Storm Guard Restoration consulted with Francorp Inc., the world’s leading franchise development firm, to fully develop their franchise program. Francorp offices are located worldwide and have helped over 2000 companies expand through franchising in over 34 years. Francorp provides customized programs in a one-stop shop for all of the needs of a potential franchisor looking to exponentially expand their business.
If you are interested in learning more about the Storm Guard Restoration franchise opportunity please visit http://www.stormguardfranchise.com, or call 877-252-5157.
If you are interested in learning more about franchising your business, please contact Francorp at 1-800-FRANCHISE (800-372-6244) to speak with a Franchise Analyst today, or visit http://www.francorp.com.
For more information on purchasing an existing franchise please visit http://www.francorpconnect.com. Francorp Inc.
TIREMAX NAMED ONE OF THE FASTEST GROWING BUSINESSES BY INC. MAGAZINE FOR 2010 Houston, TX- Most recently, Tiremax had the privilege of being recognized by Inc. Magazine as one of the 5,000 fastest-growing private companies in America. Considering there are over 27 million businesses registered in the US, appearing in the Inc. Magazine 5000 fastest growing companies is quite an achievement and great national recognition.
In today’s economy a money-conscious customer chooses to keep their car longer to get more miles out of it instead of buying a new car. This makes tire dealers among those benefiting from this economic downturn. Many businesses have failed during this economic climate, but Tiremax is experiencing growth partially due to the downturn. In fact, they recently opened their 11th company-owned location and have a 12th location planned to open in October. Tiremax is now poised to leverage their strong system of operation that they have created by launching a franchise program. They have a number of interested prospective franchisees that have approached them over the years, which is one of the reasons that they decided to franchise.
Tiremax sells name brand tires and wheels through excellence and professionalism. Focusing on every detail a driver might want; Tiremax is the one stop shop for tires. With expertise in all areas of the wheel, Tiremax is unique by offering high supply, in-stock, name brand tires filled with value and low pricing. This is a franchise that does not just sell tires or wheels, but offers advice and support in repair, replacement and maintenance for smooth driving to come. Tiremax has built their brand, above all else, on superior customer service. To get more information on the Tiremax franchise, visit their corporate website at http://www.tiremax.com, their franchise website at http://tiremaxfranchising.com/ or call (713) 732-6208.
Tiremax engaged Francorp to assist them in their development of their franchise program. Tiremax was interested in creating a mutually beneficial relationship with their franchisees and sought Francorp’s council on this issue. Francorp has been in business for over 34 years and has helped thousands of companies evaluate and expand through franchising. Acting as a one-stop shop, Francorp assists companies in the development of their franchise business plans, compliance documents, operational manuals, marketing strategies and more to help companies expand. Capitalizing on Francorp’s track record of success and wealth of franchise knowledge, Tiremax is poised to expand with a program specifically designed to leverage their immense depth of intellectual property. If you are looking to franchise your business or learn more about franchising, please visit http://www.francorp.com and download the free e-book and take the franchise quiz today!
Looking to buy a franchise? View the franchise opportunities available from Francorp clients at http://www.francorpconnect.com. Francorp Inc.
WAKA KICKBALL PARTNERS WITH FRANCORP INC. VIENA, VA- WAKA (World Adult Kickball Association) has partnered with Francorp Inc. to expand in the franchising world. Waka Kickball is the paramount adult kickball organization and the world authority and governing body of kickball. For the past twelve years Waka Kickball has created the new concept of an adult social kickball league. With tens of thousands of players, Waka Kickball continually works to maintain and enhance the kickball experience through the update of rules and social aspects. Waka Kickball works hard with dozens of outside organization by planning numerous events to support the important social interaction among players both on and off the field.
With locations in all 50 states, the United Kingdom, and the District of Columbia WAKA Kickball leagues are present worldwide. Waka Kickball is fun for the real run of the mill person. The normal kickball player is a young professional around the age of 21 or older. The leagues are co-ed and the play is like the elementary school game making this an easy game that is open to all skill levels. The general Waka Kickball season is made up of a 16 game regular season, division championship tournament, and many social events to mingle with others. Waka Kickball is unique by offering all sorts of merchandise for everyone to purchase in the numerous leagues, or for people outside the leagues just supporting a team.
WAKA Kickball is working with Francorp to develop their franchise program and help them build a strong foundation for their franchise expansion. Francorp is the world’s leading franchise development firm with offices worldwide and has helped over 2,000 companies expand through franchising in over 34 years. Francorp provides customized program in a one-stop shop for all of the needs of a potential franchisor looking to exponentially expand their business. In addition to the business plan, compliance documents, operations manuals and marketing strategy that Francorp is developing, WAKA Kickball is utilizing Francorp’s franchise marketing, sales and management courses designed to help both new and experienced franchisors grow their business using the latest methods and tried and true approaches.
Interested in learning more about franchising and/or franchising your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! Need more immediate assistance? Call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond.
Looking to buy a franchise? View information on the WAKA Kickball franchise and many other Francorp Clients at http://www.francorpconnect.com. Francorp Inc.
WAKA KICKBALL AWARDS ITS FIRST FRANCHISE LOCATION RESTON, VA- The World Adult Kickball Association (WAKA) recently awarded its first franchise, in New Orleans, Louisiana, to Sean Gaubert. Owner Johnny LeHane says, “Mr. Gaubert has been a great asset to WAKA through his dedication and hard work. Mr. Gaubert has helped develop WAKA in the New Orleans area as a local representative and we are excited to grant him the New Orleans Franchise”. Kicking since 1998, WAKA was founded by a group of friends and was designed to provide and promote the joy of kickball to those young at heart. WAKA now has leagues in over 35 states with thousands of kickballers flocking to Las Vegas annually for the World Kickball Championship Weekend. As a low cost initial investment franchise, WAKA capitalizes on space in open fields already provided for public usage by park districts, or schools, on an individual basis. This allows the prospective franchisee to work at home and only focus their energy on day to day operations such as logistics, kickball equipment, and the marketing campaign. WAKA Kickball looks to expand to over 200 locations within the next five years.
WAKA Kickball is the preeminent adult kickball organization and the world authority and governing body of kickball. For the past twelve years WAKA has invited adults to join, play, and party with friends as well as the new people they will meet. This social kickball system was started with the social-player in mind as tens of thousands of players continually enjoy the distinctive WAKA experience. WAKA persistently works to maintain and enhance this experience, through rules updates and enhancements in the kickball and social aspects to support the all-important social interaction among players both on and off the field.
A young professional around the age of 21 or older is the general make up of the WAKA kickball player. The leagues are co-ed and the play is like the elementary school game making this an easy game that is open to all skill levels. Consisting of a an eight week schedule regular season, a two week division championship tournament, and many social events to mingle with others makes the WAKA Kickball season fun and entertaining. WAKA Kickball is unique by offering all sorts of merchandise for everyone to purchase in the numerous leagues, or for people outside the leagues just supporting a team. Interested in learning more about a WAKA Kickball franchise? Visit them at http://www.kickball.com, or call (703) 319-3473 for more information.
WAKA Kickball worked with Francorp to develop their franchise program and help them build a strong foundation for their franchise expansion. Francorp is the world’s leading franchise development firm with offices worldwide and has helped over 2,000 companies expand through franchising in over 36 years. Francorp provides customized programs in a one-stop shop for all of the needs of a potential franchisor looking to exponentially expand their business.
Interested in learning more about franchising and/or franchising your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! Need more immediate assistance? Call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond.
Looking to buy a franchise? View information on the WAKA Kickball franchise and many other Francorp Clients at http://www.francorpconnect.com. Francorp Inc.
FRANCORP LOOKS TO EDUCATE THE ENTREPRENEURS OF TOMORROW Olympia Fields, IL- Francorp Vice President, David Wild, conducted an online seminar to enrolled M.B.A students at the Notre Dame De Namur University located in Belmont, CA. These highly distinguished young entrepreneurs registered in Professor Holtzman’s “Entrepreneurship” class to learn about [entrepreneurship and] the franchising industry and the proper techniques needed to translate [become] into a successful business owner. Professor Holtzman has been a professor for five years at Notre Dame de Namur University, yet this is his first year having the opportunity to educate the great minds of 24 future entrepreneurs. Mr. Wild’s seminar covered a wide range of topics from franchising your business and becoming a prospective franchisee to the growth of the franchise industry with private equity firms and current exit strategies.
“Bringing in industry experts and learning about franchising from the world’s premier franchise consulting firm is something that can’t be learned from any textbook,” said Professor Holtzman. “At Notre Dame de Namur, we continuously adapt to provide our students with the leading tools, trends, and knowledge needed to become leading business thinkers and doers of tomorrow.” Notre Dame de Namur is structuring an elite franchise certification program and is excited to be teaming up with Francorp for its development.
Francorp, a franchise consulting firm with 20 office locations worldwide, has been in operation since 1976. Francorp has been helping businesses achieve the next level of success through franchise expansion. Francorp has consulted with over 10,000 companies and helped over 2,000 businesses making it the world’s oldest and largest franchise consulting firm. Francorp has worked with 112 of Entrepreneur Magazine’s Franchise 500, including such businesses as AM/PM, Circle K, McDonald’s and Jimmy John’s.
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! For more immediate assistance, call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond. Francorp Inc.
FRANCORP CHAIRMAN EDUCATES BUSINESSES AROUND THE WORLD ON FRANCHISE EXPANSION Olympia Fields, IL- Francorp Chairman, Don Boroian, will be presenting a seminar at the Franchise India 2011 Expo on December 2-3, 2011 at the Hotel Ashok, New Delhi, India. This show is organized by Franchise India Bloomberg UTV with support from LIMA (International Licensing Industry Merchandisers Association) and the IFA (Indian Franchise Association). The two day platform will provide extensive learning for all prospective and existing franchisors and franchise professionals in developing, growing and managing a franchise system. Boroian will be chairing the conference and will speak on topics such as structuring your franchise model, the making of a multi-brand or franchise conglomerate, own your own business, and franchise your business.
On November 14, Boroian had the privilege to conduct a seminar on “Franchising Your Business” to entrepreneurs at the 15th Americas Food and Beverage Show & Conference in Miami, FL. The conference focused on Federal and State laws governing franchising, a review of the different types of franchise strategies available for expansion, and methods in selecting the right franchise to invest with. Boroian addressed other topics on franchising such as determining if a business is franchiseable, estimated costs of franchising a business, various types of revenue streams created through franchising, franchise development and support costs, choosing the right people for your franchise and marketing and selling franchises.
Boroian has been educating businesses about franchising for 36 years. Boroian, one of the most sought out senior consultants in the field of franchise strategy and business expansion, brings decades worth of knowledge and experience from his background as a franchisor, and a consultant. Boroian has served as an arbitrator and mediator for the American Arbitration Association and has been an expert witness in over 80 lawsuits. Boroian has authored industry leading books regarding franchising, including his latest book, “Franchising Your Business”.
Francorp, a franchise consulting firm with 20 office locations worldwide, has been in operation since 1976. Francorp has been helping businesses achieve the next level of success through franchise expansion. Francorp has consulted with over 10,000 companies and helped over 2,000 businesses making it the world’s oldest and largest franchise consulting firm. While at Francorp, clients receive the expertise and experience needed to help expand their business to the next level. Francorp has worked with 112 of the Franchise 500 listed companies. To learn more about Francorp and how they can help your business expand via franchising, visit their website at http://www.francorp.com.
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! Need more immediate assistance? Call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business to the next level and beyond.
Click here to view Jimmy John’s video testimonial to get a customer’s view on how Francorp is the right choice for anyone who wants to franchise, http://www.screencast.com/t/zK2knsyQ. Francorp Inc.
Guatemala Expo Shows Growth in Guatemalan Franchise Sector Olympia Fields, IL- Francorp Chairman, Don Boroian, recently returned from the Guatemalan Franchise and Industrial Expo, which showcases the most important franchise ideas, trends, successes, and governmental support in the Guatemalan franchise market sponsored in part by Francorp Guatemala, a franchisee of Francorp, the world leading franchise consultant group. While in attendance at the Guatemalan Franchise and Industrial Expo, Mr. Boroian was a guest speaker at several events, conducted seminars for 300 attendees consisting of Guatemalan government officials and media, met with clients and prospective clients of Francorp Central America, and received several awards and recognitions. Mr. Boroian’s trip to these Francorp offices increased their presence in Central America through a recent surge capitalizing on entrepreneurship and franchising.
Complimented to the Expo, Mr. Boroian interacted with the media in Central America through scheduled appearances on several television shows and participating in newspaper and trade journal interviews. Accompanying Mr. Boroian with these multiple appearances were Ramon Vinay, President of Francorp International, and Jose “Pepe” Fernado, Director General of Francorp Central America. Throughout these appearances Mr. Boroian said, “Make no mistake, Guatemala is no third world country. It is very sophisticated, cutting edge, replete with incredibly talented and creative business people with some outstanding companies, concepts and people”.
Over the years Guatemala has cultivated tremendous governmental support for franchising. Several government officials attended the events and voiced strong support and recognition of the contribution franchising has made in Guatemala. As an example, Don Boroian was quick to point out the success of Pollo Compero, a company with over 300 units that Francorp franchised in 1994. Pollo Compero is a highly respected household brand, not only in Guatemala and Central America, but worldwide as well.
Francorp helps prove how franchising is an established system for businesses seeking expansion. Guatemala itself has 65 businesses which have used the franchise expansion model within the past 15 years. There are 300 franchise chains throughout Central America. 65 of these franchises are domestically related to Guatemala who leads all other countries in the region, followed by Panama and Costa Rica with 15 domesticated franchises respectively.
While speaking at the 2011 Induexpo Don Boroian stated, “Franchising is a great development opportunity for Guatemalan businesses.” Mr. Boroian continued to state one of the advantages to franchising in this country is the cost of franchising a business is one-third of the cost compared to other countries. Reaffirming franchising is an ideal strategy for businesses within Guatemala seeking expansion, Salvador Contreras, COO of Al Macarone, a pizzeria concept located in Guatemala said, “For us it’s become an instrument to reach markets and outlets.”
In addition to appearances and interviews in Guatemala, Mr. Boroian was honored during a graduation ceremony for the InterNations University, the first franchise business class in strategic alliance with Francorp and the Guatemalan Franchise Association. Mr. Boroian gave a speech covering Francorp’s contribution and efforts to the franchise education in the world today. Jose “Pepe” Fernando has been appointed Professor of the franchise course being offered by InterNations University. He plays a major role in organizing and directing the Guatemalan Franchise Association. In doing so, Jose “Pepe” Fernando is developing a reputation for himself and Francorp as the unquestioned ultimate authority of franchising for the entire region.
Mr. Boroian founded Francorp, a franchise consulting firm with 20 office locations worldwide, in 1976. Francorp has been helping businesses achieve the next level of success through franchise expansion. Francorp has consulted with over 10,000 companies and helped over 2,000 businesses making it the world’s oldest and largest franchise consulting firm. While at Francorp, clients receive the expertise and experience needed to help expand their business to the next level. Francorp has had 112 of the Franchise 500 proving the work produced by the professionals in each department is setting their clients up for success.
Interested in learning more about franchising and/or franchising your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! Need more immediate assistance? Call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond.
Looking to buy a franchise? To view information on Francorp Clients please visit http://www.francorpconnect.com. Francorp Inc.
HERBIES AUTO SALES PARTNERS WITH FRANCORP FOR NATIONWIDE GROWTH Greeley, CO- Herbies Auto Sales has teamed up with Francorp, a franchise consulting and development firm, to expand their services nationwide through a franchise distribution model. Founded by Lee Yoder in 2002, Herbies Auto Sales is a used auto dealership located in Greeley, CO with a buy-here-pay-here industry adage. Herbies believes that buying cars can be fun and they strive to make it that way every day. With a financing source for everyone and anyone, Herbies has the ability to find the perfect vehicle to fit their customers’ needs and budget whether they have great credit, a bankruptcy or even a repo. The culture at Herbies is all about relationships. Herbies is a family who cares about each other and about every one of their customers.
With a strategy of steady continual growth, Herbies Auto Sales is looking to focus more on the right franchisee who comes from the right background and appropriate demographics. Although there are a number of franchisee profiles, Herbie’s wants to attract a franchisee who has faith based values, strong sales and customer service abilities, mature and stable, ability to process sales and collections, track record of success, and a positive reputation in the community. As a franchisor, Herbies will educate their franchisees on the key elements of the used car business such as ways to be contacted as vendors of used cars, a website that works, marketing program targeting the demographic of customers who need related financing, payment driven price for used cars that fit the customer profile for Herbies, and the entire sales process from the initial contact to the completed sale. Currently, Herbies Auto Sales is anticipating selling the rights to any franchise territories once all compliance documents are filed, yet Herbies is accepting contact information from interested parties in joining the team. Visit them at http://www.herbiesautosales.com/, or call 970-353-9815 for more information.
Herbies Auto Sales partnered with Francorp to develop their franchise program and help them build a strong foundation for their franchise expansion. Francorp is the world’s leading franchise development firm with offices worldwide and has helped over 2000 companies expand through franchising in over 36 years. Francorp provides customized franchise programs in a one-stop shop for all of the needs of a potential franchisor looking to exponentially expand their business. In addition to the business plan, compliance documents, operations manuals and marketing strategy that Francorp developed, Herbie’s Auto Sales has utilized Francorp’s franchise marketing, sales and management courses designed to help both new and experienced franchisors grow their business using the latest methods and tried and true approaches.
Interested in learning more about franchising and/or how to franchise your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! For more immediate assistance, call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond.
Looking to buy a franchise? View information on the Herbie’s Auto Sale franchise and many other Francorp Clients at http://www.francorpconnect.com.
#### Francorp Inc.
LIQUID NUTRITION INTRODUCES A STAR STUDDED LINEUP FOR TEAM LIQUID Montreal, CA- Liquid Nutrition has just announced the addition of NFL superstar Matt Ryan, LPGA Champion Suzann Pettersen, and Olympic Gold Medalist and World Snowboarding Champion Torah Bright as partners with Team Liquid. This all-star line-up of pro-athletes can have the honor of saying they are a part of Team Liquid’s Dream Team. These individuals now stand alongside NBA star Steve Nash and MLB star Russell Martin as associates in being partners to the franchise. Coming soon to the team will be training and conditioning coach Chris Carmichael along with sports nutritionist Elaine Hastings. Team Liquid consists of hand-selected world class athletes along with a management team that will help lead the charge in exporting the brand and bringing new Liquid Nutrition locations to multiple markets, as well as building awareness about healthy, balanced living.
With such little time we have for ourselves in our busy lifestyles, Liquid Nutrition allows us to take care of ourselves through a product that makes us feel relaxed and refreshed within minutes from a nutritious drink or food. Created through a unique set of combinations of fruits, juices, almond milk and neutraceuticals, Liquid Nutrition has all natural ingredients, all the time. Liquid Nutrition has a mission to enlighten and educate our community that eating and living healthy is fun, easy, quick, and delicious. Liquid Nutrition has an extreme focus on product quality as they only use the highest quality ingredients and supplements that will improve your quality of life.
Liquid Nutrition Group Inc. recently announced they have received the final bulletin of the TSX Venture Exchange approving its previously announced qualifying transaction. “LQD” is the symbol in which the common shares of LNGI will begin trading on the open market of the TSX.V daily. Interested in learning more about a Liquid Nutrition franchise? Visit them at http://www.liquidnutrition.ca/en/, or call 905-815-1112 for more information.
Liquid Nutrition worked with Francorp to develop their franchise program and help them build a strong foundation for their franchise expansion. Glenn Young, President of Liquid Nutrition says, “Liquid Nutrition is very proud to be working with Francorp Throughout the entire franchising process. Francorp has been our consultants from the very beginning putting us in the position to export our brand in Canada, U.S., and international markets”. Francorp is the world’s leading franchise development firm with offices worldwide and has helped over 2000 companies expand through franchising in over 34 years. Francorp provides customized programs in a one-stop shop for all of the needs of a potential franchisor looking to exponentially expand their business. In addition to the business plan, compliance documents, operations manuals and marketing strategy that Francorp developed, Liquid Nutrition has utilized Francorp’s franchise marketing, sales and management courses designed to help both new and experienced franchisors grow their business using the latest methods and tried and true approaches.
Interested in learning more about franchising and/or franchising your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! Need more immediate assistance? Call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond.
Looking to buy a franchise? View information on the Liquid Nutrition franchise and many other Francorp Clients at http://www.francorpconnect.com.
#### Francorp Inc.
LIQUID NUTRITION BEGINS EXPANSION IN NORTH AMERICA BY SELLING OUT TWO TERRITORIES IN CANADA Montreal, CA- Liquid Nutrition (TSX: LQD.V and LQD.WT), a health hybrid concept that provides functional beverages, food, vitamins and supplements all under one roof for customers to consume on-the-go from all walks of life, confirms the first set of franchise locations in Toronto and British Columbia, Canada, have sold out. This fall Liquid Nutrition will open the first location in downtown Toronto, with nine other stores to follow across Metropolitan Toronto.
With expansion underway, Liquid Nutrition has solidified 35 markets throughout North America in which they plan to open new locations. In response to the consumer and market demands, Liquid Nutrition has added several new locations to its expansion plans: Ottawa (ON), Oakville (ON), Atlantic Canada, Greater Montreal (PQ) and Las Vegas (NV). Future Liquid Nutrition location could also include: Los Angeles, Vancouver, Calgary, New York, Miami, Phoenix and Atlanta. International Markets such as India, Colombia, Cayman Islands, the Middle East and Northern Africa (MENA) are becoming interested in the concept as more health-conscious consumers abroad are looking for healthier alternatives for quick-serve dining experiences.
As of October 19, Liquid Nutrition plans a minimum of 20 stores opening in major cities across the province of British Columbia – Vancouver, Kelowna, Whistler, Victoria and other areas around B.C. Along with this massive roll out of locations, a new, convenient store model will also launch in Vancouver, in partnership with Steve Nash Sports Clubs that will be the first to launch a Liquid Nutrition Counter-Top.
With such little time we have for ourselves in our busy lifestyles, Liquid Nutrition allows us to take care of ourselves through a product that makes us feel relaxed and refreshed within minutes from a functional beverage or snack. Created through a unique set of combinations of fruits, juices, almond milk and neutraceuticals, Liquid Nutrition has all natural ingredients, all the time. Whether you are a sports athlete, active student, or a consumer with dietary restrictions, there’s a Liquid Nutrition functional beverage to meet any need.
Liquid Nutrition’s mission is to enlighten and educate our community that eating and living healthy is fun, easy, quick, and delicious. Liquid Nutrition offers 25 different functional beverages daily that can be prepared fresh in front of the customer within two to three minutes. From protein drinks to meal replacements, there’s a Liquid Nutrition for everyone. Liquid Nutrition has an extreme focus on product quality as they only use the highest quality ingredients and supplements that will improve your quality of life. Interested in learning more about a Liquid Nutrition franchise? Visit them at http://www.liquidnutrition.ca/en/, or call 905-815-1112 for more information.
Liquid Nutrition worked with Francorp to develop their franchise program and help them build a strong foundation for their franchise expansion. Glenn Young, President of Liquid Nutrition says, “Liquid Nutrition is very proud to be working with Francorp Throughout the entire franchising process. Francorp has been our consultants from the very beginning putting us in the position to export our brand in Canada, U.S., and international markets”. Francorp is the world’s leading franchise development firm with offices worldwide and has helped over 2000 companies expand through franchising in over 34 years. Francorp provides customized programs in a one-stop shop for all of the needs of a potential franchisor looking to exponentially expand their business. In addition to the business plan, compliance documents, operations manuals and marketing strategy that Francorp developed, Liquid Nutrition has utilized Francorp’s franchise marketing, sales and management courses designed to help both new and experienced franchisors grow their business using the latest methods and tried and true approaches.
Interested in learning more about franchising and/or franchising your business? Visit http://www.francorp.com to download the free e-book and take the franchise quiz today! Need more immediate assistance? Call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond.
Looking to buy a franchise? View information on the Liquid Nutrition franchise and many other Francorp Clients at http://www.francorpconnect.com.
#### Francorp Inc.
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