Since you have not opened and operated a location yet, it may be a good idea for you to join our Franchise Incubator program so your coach can help you get ready to franchise in the future. In some cases, you may be able to start your development simultaneously so your coach will make the appropriate recommendations for your business model and goals.
Congratulations on opening and operating a successful location! Your certified Franchise Bible Coach and our Development Team will use this location as a starting point to build your franchise model.
Congratulations on opening a second location. This is a significant milestone achievement for franchising since you have proven that multiple-store ownership is a working model. Your Franchise Bible Coach and our Development Team will use your existing units as a starting point to build your franchise system.
Congratulations on opening multiple locations. This is an excellent milestone for franchising since you have proven that multiple-store ownership is a working model. Your Franchise Bible Coach and our Development Team will use your existing units as a starting point to build your franchise system.
This is a great sign! Your business model has many appealing elements that make people want to join it.
It's OK. You may have yet to hear from people, but our team will package your business model to make it an obvious choice for business ownership.
Depending on your level of success at this point, it is possible to begin the franchising process. However, you may need additional coaching and internal development to prepare to franchise before you do so. Your Franchise Bible Coach will evaluate your business and suggest the best plan.
This is excellent news! You have been open long enough to work out your systems' bugs. This will help your Franchise Bible Coach develop the systems necessary to build your franchise opportunity.
This is excellent news! You have proven your model over many years and have had time to fine-tune it through multiple seasonal cycles. Your Franchise Bible Coach can build your franchising program around your existing systems. Your long track record will build trust and confidence with your franchise candidates.
Awesome! This is the most important Key Performance Indicator (KPI) when evaluating a business model for franchising. Franchise owners don’t necessarily need to make a huge profit and are willing to wait until the business grows past a breakeven point. Still, they must see that the business model can provide enough income for a comfortable living.
Your Franchise Bible Coach will examine your financials to determine whether you are experiencing variables that can be adjusted to increase revenue or decrease expenses. Your coach may also suggest a preparatory coaching plan to get your business to a profitable level and prepare for franchising.
Depending on your overhead and net profit, this could be an acceptable revenue number for franchising. A franchisee usually wants to make at least $35,000 to $55,000 annually. Your Franchise Bible Coach will investigate your financials to determine the best plan.
Good for you! This is a healthy gross revenue amount. Depending on your expenses and net profit, your model can provide a comfortable income for a franchise owner. Your Franchise Bible Coach will investigate your financials to determine the best plan.
Congratulations on building a great business. Depending on your overhead expenses, your revenue level should provide an above-average income for your franchise owners. Your Franchise Bible Coach will investigate your financials further to determine the best plan.
This is a great sign! This means that people outside your business recognize your company has a very professional appearance, making them feel like you are running a professional “franchise-like” business. This will make transitioning into a franchise model for national and/or international expansion much more manageable.
If you have yet to hear this comment, it's okay. This means we must build the franchise systems and package your business to prepare for the franchise. This is part of our franchise development process.
Franchising is the perfect next step for individuals like you who want to take their business to the next level. Our Franchise Bible Coaching program will build the system to allow this and coach you and your team to become great franchise leaders.
It is ok if you want to remain “hands-on” as we develop the franchise opportunity and dovetail into the executive leadership rolls over time. Your Franchise Bible Coach will customize your Franchise Succes Plan and Leadership Development Plan to factor in your overall goals.
We have great news for you! Franchising is the best way to build systems around your business so you get paid perpetually for teaching others how to succeed with your business model. You are also creating an equity-building asset that can sell for a high multiple of your annual EBITDA. This gives you a variety of options. Our Franchise Bibel Coach team will factor in your long-term goals, including your desired exit if that is important to you.
Even if this isn't a priority now, you will build an equity-building asset with your franchise company that will be worth much more than having a local business. Franchise companies can sell for a very high multiple of your annual EBITDA, giving you various options. Our Franchise Bibel Coach team will factor in your long-term goals, including your desired exit if that is important to you.
This could be perfect timing for you to franchise! Often, entrepreneurs like you see that a successful model can easily be duplicated in other markets and increase overall revenue. This naturally makes you think of growing to new locations. The only downside to that idea is the cost of setting up a new location, staffing, and marketing it. You can only go so far in opening your locations due to restrictions on your capital and resources. Franchising will enable you to have unlimited growth and resources since the franchisee will invest in opening the locations, staffing them, and marketing their businesses. The Franchise Bible Coach Development Program will build out your complete franchising system, including ongoing coaching as you grow for less investment than it costs to open another brick-and-mortar location. Your Franchise Bible Coach will stick with you every step of the way.
This may be great timing for you. Many clients say they considered opening another location but decided to franchise instead. Once you compare the cost of opening, staffing, and marketing a new location, you will find that, in most cases, our franchising program is far less expensive. Plus, you then have a machine built to open unlimited locations and get paid for it.
This is a common thought for business owners with a successful model. If your business works great in your town, chances are that it will work in any town across the map. You could have dozens, hundreds, or even thousands of locations someday, generating franchise fees and royalty revenue for your company.
It is OK to be fearful of expansion. Many think they will lose control or quality if they open more locations. The excellent news is that franchising provides plenty of capital through franchise fees and royalties for unlimited expansion. You will also have solid contractual policies and procedures that your franchise owners must follow. This ensures that your brand maintains its good name even as you grow.
By following the business systems in your franchise package, your franchise owners will be on the fast track to success. Our team will work with you and other team members to develop your Leadership, Operations, Marketing, and Technology Finance tools, resources, and systems. This will be the cornerstone of your franchise training and support program, and you will finally be getting paid for your knowledge and expertise.
You may be so busy running your business that you need more time to consider this concept. Or maybe you don’t believe what you have is valuable enough to have people pay you for your knowledge or expertise. If you have a great business model running well, you possess the skill and expertise to teach others how to do the same. Your Franchise Bible Coach and our Development staff will work with you and your team to develop your Leadership, Operations, Marketing, and Technology Finance tools, resources, and systems. This will be the cornerstone of your franchise training and support program, and you will finally be paid for your knowledge and expertise.
The Franchise Bible Coach program has been designed to develop existing successful businesses into thriving franchise organizations fully. Our one-of-a-kind system features the development of all areas of your new franchise opportunity, along with coaching to educate you and your team and prepare you to become the industry's top franchise leadership team. While our competitors have you fill out templates and leave you in a new industry with no one on your side, your Franchise Bible Coach will stay with you every step of the way.
Franchising isn't for everyone. We never pressure people into starting a franchise project. We want to ensure that you are ready, willing, and able to succeed as a franchisor before we start your project. You may have negative experiences with franchises that have tainted your opinion of the franchise model or franchising in general. Your Franchise Bible Coach will work through your concerns to see if we can show you the many benefits the franchise model can create for your business. If you need a better fit for franchising and/or your business model, we will be happy to recommend other expansion options.
It is common for our clients to have all of their expertise locked up in their minds. Your Franchise Bible Coach will interview you and your team to learn about your manuals and training programs. Most people say this is a step they have wanted to take but have yet to take.
You are on the right track. This can be a starting point for your Franchise Bible Coach and Development Team. We will then build out your digital operations manual and can even tie it into your Learning Management System (LMS) to create a digital training system. This will allow you to train 24/7 and give you a competitive advantage in the marketplace.
You are on the right track. This can be a starting point for your Franchise Bible Coach and Development Team to add the franchise content and bring your manuals up to the franchise industry standards. We will then build out your digital operations manual and can even tie it into your Learning Management System (LMS) to create a digital franchise training system. This will allow you to train 24/7 and give you a competitive advantage in the marketplace.
You don’t need prior franchise experience to build a successful franchise organization when you have our team alongside yours. Realistically, this is where most of our clients begin. Your Franchise Bible Coach will stand by you and your team through all the stages of turning your business into a franchise organization. Our team has decades of experience in all aspects of the franchise industry. Our Founder and Head Coach, Rick Grossmann, actually wrote the book on franchising. Entrepreneur Magazine’s Franchise Bible is the best-selling book on franchising a business or buying a franchise. Entrepreneurs chose Rick due to his vast real-world experience in starting and growing franchise organizations.
Your prior experience will help you get on the fast track with our team alongside yours. Your Franchise Bible Coach will stand by you and your team through all the stages of turning your business into a franchise organization. Our team has decades of experience in all aspects of the franchise industry. Our Founder and Head Coach, Rick Grossmann, actually wrote the book on franchising. Entrepreneur Magazine’s Franchise Bible is the best-selling book series on franchising a business or buying a franchise. Entrepreneurs chose Rick due to his vast real-world experience in starting and growing franchise organizations.
Your prior experience will help you get on the fast track with our team alongside yours. Your Franchise Bible Coach will stand by you and your team through all of the stages of turning your business into a franchise organization. Our team has decades of experience in all aspects of the franchise industry. Our Founder and Head Coach, Rick Grossmann, actually wrote the book on franchising. Entrepreneur Magazine’s Franchise Bible is the best-selling book series on franchising a business or buying a franchise. Entrepreneurs chose Rick due to his vast real-world experience in starting and growing franchise organizations.
This is where most franchisors start. You built your company from the ground up and have worked hard to reach this point. Having a small team during your startup stage is an excellent strategy to keep the overhead down as you build your franchise systems. Your Franchise Bible Coach and our Development Team will help bridge the gaps in your team until you have enough cash flow to hire. We will also help you with the timing and process of hiring and the related milestones and KPIs.
Your team members will significantly assist you as you grow your franchise business. It is a plus to have skilled people that you can trust and who know your business model. Having a small team during your startup stage is an excellent strategy to keep the overhead down as you build your franchise systems. We will coach your team members to bring them up to franchise industry standards. Your Franchise Bible Coach and our Development Team will help bridge the gaps in your team until you have enough cash flow to hire. We will also help you with the timing and process of hiring and the related milestones and KPIs.
Your team members will significantly assist you as you grow your franchise business. It is a plus to have skilled people that you can trust and who know your business model. Having a small team during your startup stage is an excellent strategy to keep the overhead down as you build your franchise systems. We will coach your team members to assist with company goals and KPIs. Your Franchise Bible Coach and our Development Team will help bridge the gaps in your team until you have enough cash flow to hire. We will also help you with the timing and process of hiring and the related milestones and KPIs.
This is where most of our clients start. You are an expert in running your business. We are experts in the franchise industry. Your Franchise Bible Coaching team will help you in all areas of building and running a successful franchise organization. We believe that the best strategy for a franchisor is to have a skilled in-house franchise marketing and sales department so you don’t have to rely on outside firms and/or brokers. Our skilled coaches have sold thousands of franchises and will coach you and your team to develop leadership skills.
This is a great place to start! You are an expert in running your business. We are experts in the franchise industry. Your Franchise Bible Coaching team will help you in all areas of building and running a successful franchise organization. We believe that the best strategy for a franchisor is to have a skilled in-house franchise marketing and sales department so you don’t have to rely on outside firms and/or brokers. Our skilled coaches have sold thousands of franchises and will coach you and your team to develop leadership skills.
Great news! This will enable you to get started immediately, start onboarding franchise owners soon, and start reimbursing yourself for the development of your franchise organization.
No worries. We will connect you with our financing coaches to help you identify the best funding options to get your project rolling.
