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What is involved in Franchising your Business?

“Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.” — Earl Nightingale. He is not wrong – time will go on just the same, no matter what we do with it. Instead of focusing on how we spend that time, find a way to get what you want. Build your business, grow your franchise, and ensure your time has been spent in a way you are proud to show for it.

1. Documentation

Documentation Required

1. Prospectus

This is your marketing document for you to present to potential franchisees who are interested in investing in a franchise. This is your first entry document to the franchisee. This document also contains the Non-Disclosure Agreement to protect your intellectual property and a application form for the Franchisee.

2. Business Plan Franchisor and Franchisee   

A business plan should be a work-in progress. Even successful, growing businesses should maintain a current business plan. Preparing a comprehensive written business plan on how a business will achieve growth and prosperity creates a map for the business’ success. In addition, the business plan is the basic documentation from which financial proposals to lenders and investors will be prepared.

3. Disclosure document

This document discloses all your info you legally need to disclose to a potential Franchisee. Once the franchisee is interested in purchasing your franchise, he gets this document after signing a non-disclosure agreement. This is included in the document. The Disclosure document is required for the decision process to purchase the franchise.

4. Operations and Procedure Manual

Once the franchisee has signed a franchise contract, the franchisee will receive an Operations and procedure Manual. This contains all your busines Standard Operations procedures (S.O.P) and how to run a new Franchise business.    

5. Franchise Agreement

The franchise agreement is the cornerstone of your Franchising process. The Franchisee will sign the agreement and all the legal conditions are in this document to both protect the Franchisor and the Franchisee.

2. Trademarks

Trademark– Protect your Brand by trademarking your logo, name taglines or products.

3. Training of Franchisees and Staff

One of the challenges new franchisees face begins soon after the franchise agreement is signed: hiring and training employees. The success of each franchised unit depends on the quality and behavior of its employees. And it’s hard to find a franchise concept that doesn’t need employees to function.

4. Design, Plans and Project Management-Abodezign

Concept design Plans and Project Management of new store rollouts that is a turnkey operation when complete.

5. Business Plans

A business plan should be a work-in progress. Even successful, growing businesses should maintain a current business plan. Preparing a comprehensive written business plan on how a business will achieve growth and prosperity creates a map for the business’ success. In addition, the business plan is the basic documentation from which financial proposals to lenders and investors will be prepared.

5. FASA registration

This is a process that takes on average a month and this procedure is to ensure compliance with FASA ethics and rules.

6. Franchise Territory Analysis

Depending on the business, the area selection is important to Analyze. This will determine supply logistics, Focus of stage rollouts and the success of the Brand.

FREE first ZOOM CONSULTATION… CALL TODAY! Robin 0824511604 or email robinvr@iafrica.com with all your contact details. Send your available times for a zoom meeting.

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