With the boom in businesses as the economies across the world begin to recover from the dark times of the past decade, new interest is being taken in helping to franchise your business. The franchise model, always a favorite in capitalist economies, is taking a new level of popularity.
This seems to be mostly due to the advantages that the franchise model has. In an economy on the route to a slow recovery, franchises allow entrepreneurs to establish a business that already has an existing brand with a reputation and corporate presence. Otherwise, the business owners would have to establish all of this from scratch, facing several start-out years that could make or break their business. Given the bumpy road of the economy at this time, that would be a major risk.
But, it’s not all easy even with franchising, as a potential business owner has to prove their worth to a company with such an esteemed reputation. This is where new services are coming into being, which specialize in helping to franchise your business.
Both new business owners and established companies are both flocking to these services, relying on their skills with legal and business writing to make sure a tight contract is drafted. This ensures that the business owner can live up to the standards of practice that the parent companies hold dear.
On the other hand, if you’re a potential business owner hoping to franchise your business, these companies are also very useful in helping to show how professional your attitude is, before you open your doors to the public. Considering that every action you take in trying to procure a franchise with a large company will be scrutinized by them, this is a vital thing to get right.
These services specialize in making sure that not only the writing and points of contract are done right, but that the contract looks good as well. It’s often easy to forget that even strictly-business documents should have some visual merit to them as well. These factors include a myriad of things from spacing and fonts to format of the document file and color schemes.
If you’re looking to franchise your business with an established, reputable company for a stronger sense of security presence, there has never been a better time either financially or technologically to attempt it.
How to get this crucial document ready in no time and without spending a fortune!
The Franchise Disclosure Document (FDD), formerly known as Uniform Franchise Offering Circular (UFOC), is an obligatory document every franchisor must have prior to registration in all U.S franchise registration states. In addition, FDD must be provided to any prospective franchisee at least 7 days prior signing the franchise agreement.
Franchise Disclosure Documents are somehow hard to prepare mostly because there are strict regulations regarding the way the document must look and the information it must contain. Moreover, these regulations slightly vary between franchise registration states. This is the reason why almost all franchisors seek expensive franchise consultants and attorneys just to help them get their FDDs ready or when updates to their existing FDDs are required.
You can save hundreds and have the complete piece of mind that you have a top notch Franchise Disclosure Document by using our Franchise Disclosure Document (FDD) Template.
What makes FranZoom’s Franchise Disclosure Document (FDD) Template Unique?
FranZoom’s Franchise Disclosure Document (FDD) Template is not an ordinary template. It is prepared by expert franchise specialists and is reviewed by experienced franchise attorneys. Moreover, the template is FTC certified to give you 100% piece of mind you are getting real value for money.
Why it is helpful? FranZoom’s Franchise Disclosure Document (FDD) Template is developed in a way that it can fit every franchise industry niche. It contains all 23 obligatory items that every FDD must have. They are formatted and structured in the way required by Federal and state franchise laws. Every item provides a framework of the information required in the item and it is ready to be customized to fully suit your business. Easy to understand instructions are provided at every step of the customization process. In addition there are helpful explanations of all confusing legal terms and you will be able to get the document ready in no time even if you have no prior experience of whatsoever. Sticky notes are also included; they are designed in a unique way and basically point out every crucial issue you need to address. The bottom line is that anyone using the Template will simply skip the headache of preparing their FDD from a scratch and will benefit of fully compilable tailor made franchise disclosure document.
Who needs the Template? FranZoom’s Franchise Disclosure Document (FDD) Template is perfect for startup franchisors struggling to put in place their first franchise disclosure document. It is also great for every franchisor that needs to update their franchise disclosure document a standard procedure required annually by most of the franchise registration states. Above all, FranZoom’s Franchise Disclosure Document (FDD) Template is a perfect solution for everyone who needs to get their franchise disclosure documents ready fast and without spending a fortune in consultancy and attorney fees.
A free sample of our Franchise Disclosure Document (FDD) Template is available.
Franchising a small business is a method of opening up your business to other areas through granting another entity the right to sell your goods or services in the location they are situated. For many this may sound like the other party has a great deal because they are using your brand name to sell products and services, but it does also give a great deal to your small business too.
If you are thinking of franchising a small business then take note of the fact that the new party who wishes to take a franchise of your business will need to invest money into the venture. The amount of this investment is up to you and will involve the setting up costs of the franchise and some extra to put back into your business.
Another positive note about franchising a small business is that your business name will also gain more exposure as the person investing in your franchise will retain your business name as part of the deal. This means over time your business is branching out through your franchise partners and the exposure of your brand name will improve greatly.
What do you need when franchising a small business?
Well the first thing you need to do when franchising a small business is to find a niche where you can garner interest from people wishing to start their own business up and who will like your business model. This will mean they would be happy to pay for the privilege of starting their own business while having a license to use your business model and name to make it work.
Once you have decided that you wish to franchise your business you then need to review the legalities of the franchise to make sure your protected in both financial and liability areas of the business. To do this you will need to gain a legal franchise agreement, something you can pay lots of money to a lawyer for, or simply use prebuilt templates like those found here at Franzoom.
As well as the legal franchise agreement, when franchising a small business you will also need a franchise operating manual, another prerequisite that many miss when starting their franchise venture.
Is franchising a small business for me?
If your business is one that has a market with a long shelf life, has high gross margins and doesn’t require a lot of training to achieve success then you could find your business is a good model for franchising a small business. Those franchises which are the greatest success are those where customer loyalty means they keep coming back for the product or service delivered.
If this sounds like your business then why not think about franchising a small business?
Also, a project management degree is always a good idea to gain the knowledge necessary to make the right moves.
If you own a unique business and expansion is on your horizon, you may be in need of a FDD template to franchise your company. In today’s competitive marketplace, you have to look at the best methods available for expansion at the lowest cost. Franchising your business offers a perfect blend of being able to open more locations quickly without the need to incur the cost on your own.
In order to successfully franchise your business, you must make certain you have all of the correct documents and tools in place. The FDD template or franchise disclosure document template is one of the items you will need. This template provides instructions regarding the disclosure of information that is required to meet FTC guidelines. In most cases the FDD template contains multiple chapters in addition to samples of the information that is being released.
Entrepreneurs with experience in franchising often admit the FDD is one of the most challenging aspects of the franchising process. What often makes creating the FDD so difficult is the number of very strict rules the FTC sets in place. Trying to comply with those rules can often be difficult. When you take into consideration the fact that every state also has its own rules, it is easy to see why creating your own franchise disclosure document can be so difficult and why many people choose to use a FDD template instead.
The Right Template can Protect your Franchise System
While it is possible to use a sample FDD template that you might find online, once you begin to carefully examine these templates you will find they lack several important elements. Many are generic and simply do not offer the level of legal protection you need. An effective FDD template should be completely customizable. It should also be prepared by an experienced attorney and franchise expert that is familiar with all of the rules and laws relating to FTC compliance.
The FDD template is a critical part of the franchising process that should be completely correct the first time. This is the document that forms the foundation of the franchise agreement and therefore determines the success and growth of your entire franchise system. Ensuring you have the right FDD template can help you to establish your franchise system now and protect it in the future.
If you own a unique business and expansion is on your horizon, you may be wondering how you can franchise your business. In today’s competitive marketplace, you have to look at the best methods available for expansion at the lowest cost. Franchising your business offers a perfect blend of being able to open more locations quickly without the need to incur the cost on your own. A franchise system allows you to expand your operation through the use of someone else’s capital and all without incurring additional responsibilities or risk.
Clearly, the option to franchise your business is a viable solution when you wish to expand rapidly, but before you can get started as a franchisor, there are a few things you need to know. For instance, you must understand what you need in order to develop a successful franchise program. Although it is not technically a necessity, a solid and successful prototype can demonstrate the possibilities of your business idea to prospects.
A documented system that demonstrates the way in which the business should ideally operate is also an important element when you franchise your business. This might include a franchise operating manual that covers matters such as startup, office procedures, marketing and even personnel management. Basically, it should include everything you have used in your own business model to make it the success it has become. Another valuable asset of any successful franchise program is a trademark that is patent protected. This serves as a representation of the brand and can protect your entire enterprise as you franchise your business.
The Right Template can Protect your Franchise System
Once you have all of the critical ingredients to a successful franchise system in place, it is time to sell it. In order to sell your concept you are going to need a template for doing so.
While it is possible to franchise your business with a franchise template that you might find online, once you begin to carefully examine these templates you will find they lack several important elements. Many are generic and simply do not offer the level of legal protection you need when franchising.
The opportunity to franchise your business is an exciting and important endeavor. It is crucial to make sure you have all of the most important elements covered. A legal franchise agreement that is specifically designed and written to franchise your business will help to provide protection for you and your business as well as your franchisees. Covering all of the legal basics is one of the most important things you can do when you franchise your business.
You may be asking yourself, Can I Franchise My Business? Of course you can, nearly any business will work as a franchise. The most important factor is to create a successful business plan. So instead of asking yourself, Can I Franchise My Business, put your efforts toward moving your plan forward. How might you do this, it’s simple, create a franchising business plan. To create a franchising business plan it’s best to choose a franchising consulting service that offers a complete package. The number one source for “Franchising My Business” is FranZoom, our team provides many years worth of franchise development, marketing, and sales experience. At FranZoom we also offer a comprehensive template package containing all the necessary templates needed to keep you organized and on track for successful franchising.
Once you’ve put together a business plan you’ve taken the first step towards proving, not only to yourself, but to others that you’re on your way to becoming a successful franchisor. You may also come across other’s who are also asking themselves, Can I Franchise My Business. Wouldn’t you like to be in a position to help answer that question for them yourself? To become a successful franchisor you need to have a business others would be interested in buying into. One way to do that is to prove that your franchise maximizes profits and has the potential to be successful, not only for you, but for them also. If you can’t prove that a steady stream of income is possible for other’s that want to “Franchise My Business” then it will be difficult to convince potential buyers of the benefits of your franchise.
Entice Potential Franchisee’s with Proven Financial Returns
Potential investors who are looking to buy-in to a franchise are looking for guaranteed financial returns on their investment. Are you still asking yourself, “Can I Franchise My Business?” You might, but if you keep good records and are able to show your potential investors that purchasing a franchise from you is a good investment you’re more than half way there. That’s why is very important to use business materials that can will be most effective for your business, as in the different packages and templates offered by FranZoom, utilizing their tools will ensure your business meets all regulations and policy, and keep you on track with your business organization. With FranZoom’s franchising packages there’s no need to ever ask yourself, “Can I Franchise My Business?”
The Federal Trade Commission governs all regulations and rules as they pertain to Franchise Regulations. As you seek to invest in a franchise, it would be in your best interest to visit the Federal Trade Commission website at www.ftc.gov to review all Franchise Regulations as they pertain to Franchise Ownership. Common Franchise Regulation rules and reviews, publications and disclosure requirements, risks and fraud statutes, and alerts and frequently asked questions can all be found under the Franchise and Business Opportunity Rule at the following URL: http://www.ftc.gov/bcp/franchise/netfran.shtm. You will also find quick access to checklists and tips on what to look for when trying to determine if a particular franchise you’re interested in adheres to Franchise Regulations set forth by Federal and State Guidelines. The number one source for franchising your business is FranZoom, our team provides many years worth of franchise development, marketing, and sales experience. At FranZoom we also offer a comprehensive template package containing all the necessary templates needed to keep you organized and on track for successful franchising.
It’s important to keep in mind that one of the most significant determining factors that might affect you as you seek Franchise Ownership are the different State Disclosure Requirements that pertain to Franchise Regulations. Here you will find that in the United States there are 15 states that uphold additional Franchise Investment Laws. The reason this is significant to Franchise Regulations is that within these 15 states franchisors are required to provide potential purchasers with a pre-sale disclosure, which is also known as an “offering circular”. Potential franchise owners would be wise to contact their state franchise law administrator offices for additional information on franchise regulations.
How the Federal Trade Commission Affects Franchise Regulations
Don’t just visit the Federal Trade Commission website once, visit often, do your research and take your time when deciding on how to best invest your money. One reason that warrants frequent visits to the website is that the FTC is continually trying to improve Franchise Regulations, and in doing so frequently releases information to the public for public hearing and comment before they either enter a ruling or change a regulation. For instance, the FTC might propose that Franchise Regulation amendments be made to address changes in the marketing of franchises, such as international franchise sales and sales through the internet. This particular topic could affect the way you do business and affect your wallet if the franchise you have in mind does a large percentage of business on the internet.
When considering franchise ownership, Franchise Regulations should always be your top priority. Keep abreast of Franchise Regulation additions and changes as they could either have a positive or negative effect on your business. So do your research and choose a consulting firm that provides you the most comprehensive template package, like FranZoom, because it’s up to you to invest your money wisely.
- Franchise Operations Manual Template
- Franchise Disclosure Document (FDD) Template
- Existing FDDs & UFOCs Database
- Franchise Agreement Template
How franchisors can convert daunting long hours of work into efficient and enjoyable working day!
Any franchisor is supposed to be on top of their game all of the time. There are so many issues to address and problems to tackle that there is hardly any time left for the things that are really important. Most franchise owners work long hours, day in and day out and are hardly able to cover all aspects of the business.
Franchise startups face even bigger challenges as they are not so experienced. Any startup franchise has to establish their company policies and procedure and to put in place hundreds of paperwork and documentation before opening for business. Luckily there is something that can help you forget about this situation – Franchise Tools and Resources Kit.
What is FranZoom Franchise Tools and Resources?
Our Franchise Tools and Resources package is a kit, specifically designed to meet the growing needs of franchisors for information and practical advice. The package contains information and resources covering fundamental aspects of franchising. Unlike other similar products, Franzoom’s Franchise Tools and Resources kit provides ready to use solutions rather than tons of information about things you may need to do in theory. This unique product suits the needs of franchises working in various industry niches and is a must have for anyone seriously looking to establish a successful franchise operations.
What is included in the kit?
Franzoom’s Franchise Tools and Resources kit can help you tackle some of the most important aspects of franchising:
• Financing. Startup franchises can greatly benefit from the practical advice about how to obtain SBA loans.
• Franchise laws and regulations. Stay up to date with the Federal and state franchise laws and regulations. Find the information that directly concerns your business in minutes an skip the expensive services of attorneys or other legal consultants.
• Your franchise documents. Franzoom’s Franchise Tools and Resource kit contains customizable franchise document templates as well as all commonly used forms you will ever need. Forget about spending long hours just trying to get these done as now you can have them ready in few minutes.
• Intellectual property. Learn how to manage and protect your intellectual property rights.
• Franchisee inquiry request form. Knowing which potential franchisees are right for you is one of the keys to success in franchising. Our special franchisee inquiry request form will help you select potential franchisees faster than any other tool.
• And more. There are much more great tools included in the package. They all cover crucial elements and aspects or franchising and are developed to save your time and money and to help you establish smooth and trouble free operations.
All of the documents and templates provided in the package are prepared by expert franchise professionals with many years of experience in franchising. They are reviewed by franchise attorneys and are 100% FTC certified.
Free sample Franchise Tools and Resources kit is available for download – click here!
A must read for anyone interested in setting up a prosperous franchise business
Have you ever thought about setting up a franchise? Probably you have considered franchising your existing business? Whatever the case, our Underground Guide to Franchising is the guide you simply cannot afford to miss!
One of the top reasons why entrepreneurs and business owners are reluctant to even consider franchising is because they feel overwhelmed by the scope of the whole operation. Indeed, starting a franchise or franchising a running business requires knowledge and experience. Understanding the franchise model, learning how to set up a franchise company from a legal point of view or how to establish your franchise fees and royalties can take a lot of time, or, in the best case scenario, thousands of dollars in consultation fees. The good news is that this is no longer the case.
Our Underground Guide to Franchising is written by experienced senior franchise professionals and reviewed by expert franchise attorneys. It is a standalone manual designed to answer all your questions and to teach you how to establish a successful franchise and how to keep it successful for the years to come. One of the most valuable features of the Guide is that it is written in an easy to understand language – you do not need to be a business CEO to understand it!
What you can expect from the Underground Guide to Franchising
The Underground Guide to Franchising covers all aspects of franchise business. It explains what franchising is and what the main concepts of franchising are. Real life examples are included to help you understand the advantages and disadvantages of franchising. The Guide can assist you in evaluating the possibility of franchising your business and prepares you for being a franchisor. There is a lot of practical advice and ready to use formulas that can help you develop a strategic plan – from determining your franchise fees to planning the number of employees you will need in 5 years. In addition there is huge section dedicated to marketing and franchisor-franchisee relations – two aspects of franchising that would require you to pay hundreds if you would to hire a franchise consultant.
Probably the most valuable part of the Underground Guide to Franchising is the chapter dedicated to legal issues. There is a federal franchise law and state – specific franchise laws as well as many regulations every franchisor must take into consideration. You can save hundreds from attorney fees just by reading the Guide as all legal aspects of starting and operating a franchise business are covered in details. This is not the regular hard to understand legal mumbo-jumbo – all legal stuff is explained in an easy to understand way. There is also a very useful chapter about financing that provides practical advice about how to get approved for SBA government loan.
The Underground Guide to Franchising is inexpensive and a real value for money. You can download a free sample and see for yourself – click here.
Create your franchise operations manual in no time using our top notch template!
The franchise operations manual is the backbone of every franchise operation. It is often called “the bible” of franchising. This document covers every single aspect of the franchise business, states and governs the execution of the company’s policies, sets standards for all of the company’s procedures. It protects company’s trademarks and brands, clearly states termination and renewal policies, outlines the obligations and responsibilities of both the franchisor and the franchisee, and more. A well written franchise operations manual is definitely the key to achieving success as franchisor.
The actual preparation of a franchise operations manual is a serious task. Not only that the document must cover in details a lot of different topics related to the business, but it must be written in compliance to Federal and state franchise laws. Even though drafting a franchise operations manual seems simple, there are many issues every franchisor need to address in order to avoid liability. For a non professional, the development of this important document can quickly turn into a nightmare or at least into a significant expenditure.
How you can benefit from FranZoom’s Franchise Operations Manual Template
The difficulties that usually accompany the preparation of a franchise operations manual can be easily avoided simply by using FranZoom’s Franchise Operations Manual Template. It is a unique document, prepared by experienced franchise specialists and reviewed by certified franchise attorneys. The Template is completely compliant to all Federal and state franchise laws and regulations and is 100% FTC certified. Using the Template as foundation for your own operations manual will not only save you endless hours of hard work, but will save you huge consultancy and attorney costs.
Unlike other similar products, developed by professionals for professionals, our Franchise Operations Manual is developed by professionals for everyone starting or franchising their existing company. There are no complicated legal terms and all instructions are written in a straightforward, easy to understand manner. In addition any specialized franchise terms and concepts that must be part of the document are explained in a way that people with no previous franchise experience can comprehend without any problems. Special “sticky notes” follow every step of the Template to make its customization effortless.
FranZoom’s Franchise Operations Manual Template is developed in a way that it can suit franchises working in different industry niches. It can be easily adjusted to suit the needs of retail or service companies as well as any other franchise company type.
Our Template is a great tool, valuable to franchise startups looking for an affordable solution to meet their needs as well as to franchises with established businesses looking for a simple way to update their franchise operations manuals.
A free sample copy of the Franchise Operations Manual is available – click here.