Support from franchisor

Franchise Agreement: A legal document that spells out the rights and obligations of the franchisor and franchisee.

Training and Support: The franchisor provides initial and ongoing training and support to the franchisee.

Site Selection and Approval: The franchisor offers guidance on selecting and approving the location of the franchise.

Marketing and Advertising: The franchisor offers marketing and advertising support, including brand recognition and national advertising campaigns.

Operations Manual: A blueprint that can help franchisees run their businesses according to the franchisor's standards.

Inventory Management: The franchisor provides guidelines and support for managing inventory and supply chain management.

Accounting and Financial Reporting: The franchisor requires the franchisee to provide financial reports and offers accounting and financial support.

Purchasing: The franchisor provides guidance on purchasing products and services necessary to run the franchise.

Legal Support: The franchisor offers legal support and guidance to franchisees.

Brand Standards: The franchisor establishes brand standards, including those for product quality, presentation, customer service, and store design.

Territory: A geographic area in which the franchisor allows the franchisee to operate.

Exit Strategy: A plan for selling or exiting the franchise, including transferring ownership or selling the business.

Royalties and Fees: The franchisor requires the franchisee to pay royalties or fees to continue operating the franchise.

Franchise Renewal: The franchisor offers renewal options after the initial franchise agreement has expired.

Franchise Resale: The franchisor may have guidelines on the resale of the franchise.

Initial Training and Education: The franchisor provides detailed training to the franchisee to help them understand the business model, products or services, and operating systems.

Site Selection and Lease Negotiation: The franchisor assists the franchisee in finding suitable sites for the business and provides guidance in negotiating lease agreements.

Marketing and Advertising: The franchisor provides marketing and advertising support to help the franchisee promote their business, including branding, social media, and media buying.

Supply Chain Management: The franchisor helps the franchisee in managing the supply chain to ensure the availability of quality products and services.

Operations and Systems Support: The franchisor provides ongoing support to the franchisee in areas such as staffing, operations management, customer service, and technical support.

Financial Planning and Management: The franchisor helps the franchisee with financial planning, including financing options, cash flow management, and bookkeeping.

Research and Development: The franchisor invests in research and development to improve the business model and enhance the products or services offered by the franchisee.

Quality Control: The franchisor ensures that the franchisee maintains the quality standards set by the brand and conducts regular evaluations to maintain uniformity in product quality and customer service.

Legal and Regulatory Compliance: The franchisor keeps the franchisee updated on legal and regulatory changes that affect the business and ensures that the franchisee complies with these regulations.

Continuous Improvement and Innovation: The franchisor encourages the franchisee to experiment, innovate and continuously improve their business model to meet the changing market demands.