Thinking of Franchising Your Business?
Are you considering franchising your business as a means to expand? If so, you've come to the right place. Companies seeking experienced franchise consultants and franchise attorneys to assist them with the start up aspects of the franchise development process are often discouraged to discover that many franchise consulting and development companies charge between $50,000 to $150,000 or even more to assist in franchising a business, and this doesn’t even include the cost of preparing the Franchise Company’s Initial Franchise Disclosure Document and related Franchise Agreements by an experienced Franchise Attorney.
The reality is that many franchise consultants and development companies add exorbitant front-end fees for services that you simply may or may not need. This greatly inflates the cost of launching your new franchise business. The Stanwood Group is different in that from the very beginning, we have set out to disrupt the franchise process through reimagination and reinvention in order to make franchising accessible and affordable to businesses possessing those variables needed in order to become emerging franchisors. The Stanwood Group is unique in that the lionshare of our development and consulting fees are tied to our clients' success through their franchise sales by deferring a large portion of those fees generally paid up front.
Rather, we focus on providing the services you need now to launch your new franchise. The Stanwood Jump Start Program is designed for companies that desire the support of experienced franchise attorneys, consultants, and brokers to assist with the franchise development process. For companies that qualify, the Jump Start Program enables clients to defer a large portion of our development fee until initial franchise sales commence, which substantially reduces the amount of initial capital required to launch the new franchise business. If you are interested in learning more about the Stanwood Jump Start Program, please contact us at (610) 660-7773.
The first step is determining whether or not franchising your existing business is the right move is determining if your current business is "franchisable". The Stanwood Group assists start-up franchisors answer this question, and then creates a strategy to success through a proven process, years of franchise sales experience, and a national network of supplier partners. To learn more and find out if franchising your business is the right direction,
Find out if your business is "Franchisable"
We will help you determine if your business is a good fit for franchising and if so, what type of strategy is needed to ensure successful growth. We'll look at established criteria to help you answer these questions and develop a plan to franchise your business. Take The Test Now
Develop The Right Strategy to Franchise Your Business
When creating a road map to franchise your business, the number one mistake new franchisors make is failing to create the right plan and the right strategy. Franchising is a lucrative but complex endeavor. Considerations range from legal, financial and geography to marketing, advertising and organizational structure. A single mistake, even small ones, can cost you millions of dollars and set you up to fail. The best approach for any business owner looking to franchise their business is to work with an experienced team that will create a comprehensive plan to franchise your business providing the best chance of success. To learn more about our process and how we can help you franchise your business, Contact Us Today.
Preparation of the Franchise Disclosure Document (FDD)
The Federal Trade Commission, or FTC is the governing body that regulates franchisors in the name of protecting consumers. The Federal Trade Commission (FTC) requires 23 “items'' to be disclosed in the Franchise Disclosure Document concerning the franchise company and provisions contained in the Franchise Agreement. The FTC requires that franchisors provide factual information about their businesses to franchise candidates before they sign any contracts or pay any sum of money. The FDD lets the candidate know what to expect as a franchisee and summarizes the legal terms of the franchise agreement. The FTC Rule on Franchising states that Franchisors are required that the FDD (Franchise Disclosure Document) be presented to the prospective franchisee at least fourteen days prior to the signing of the franchise agreement or any related agreements to the franchise.
The FDD, and other Franchise Documents are prepared by outside counsel of your choice in conformance with the FTC Franchise Rule. Learn more about the FTC Franchise Rule, click Here.
View Franchise Disclosure Documents in your industry using a free search, click Here.
The Stanwood Group maintains a relationship with many of the leading franchise attorneys practicing today in the United States. We will introduce you to franchise attorney(s) that best fit your needs and budget. We will consult you and your attorney in the preparation of the franchise documents by establishing the business terms of the franchise program. As a franchisor, you are required by law to create and maintain this document for distribution to all prospective franchise candidates.
Find a Franchise Attorney to assist you with the preparation of the Franchise Disclosure Document (FDD), click Here.
What's an Accidental Franchise, and Could I Be One?
Before considering alernate vehicles such as licensing your business to others, rather than franchising, learn what constitutes a franchise and how to avoid falling into the accidental franchise trap. Click Here to learn more about the Accidental Franchise presented by Fox Rothchild, LLP National Co-Chair of Franchising and Distribution Group; attention: Eleanor Vaida Gerhards (215) 918-3642.
Create a Regional & National Marketing & Sales Strategy That’s Right For You
The Stanwood Group will create a regional and national franchise marketing and sales strategy to best suit your needs by establishing relationships on your behalf to some of the most successful and experienced franchise sales and brokerage companies in the United States.
Please visit our Franchise Sales & Marketing Resource Center