Our Experience Can Help Turn Your Business into a Franchise Success Story
Turning your business into a franchise requires a good amount of time and patience. However, it also requires extensive knowledge about the franchising industry, as well as navigating through paperwork, legalities, and red tape that can quickly cause even the most well-thought-out plans to unravel.
Since our founding, Accurate Franchising, Inc. (AFI) has become the world’s largest franchise consulting company, helping to grow the businesses of more than 1,600 franchisees worldwide. We have extensive experience with how to franchise a business, and we look forward to doing the same for you.
It’s this experience that has helped to shape our approach to client training and development, with a focus on the best practices required to run a successful franchise operation. Let’s explore some of the methods and processes that AFI franchise consultants employ — including ways to drive franchise sales — to ensure that every client is well prepared and able to hit the ground running in their pursuit of potential investors.
Customized Planning and Ongoing Support Resources
AFI provides customized planning and ongoing support for our clients that extends well beyond the initial development period. Our franchise consulting services include an open-door policy that makes us available to answer any questions or review any locally produced materials that our franchisor client may have created independently.
During the initial franchise development stage, we engage our clients in strategic planning sessions to help them transition toward the responsibilities of becoming a franchisor. Here, clients are invited to our corporate headquarters for a single-day session where they learn best practices that will prove beneficial in helping them run a successful franchise.
The planning session includes a series of meetings with various department heads and senior executives who guide our clients toward effective strategies that can be implemented to help improve their businesses’ chances of success. For those unable to attend in person, this session is also offered virtually.
Discovery Day begins with a competitive analysis both inside and outside of the franchising world to gain a 360-degree perspective. We create a franchise concept that includes the length of our partnership agreement, franchise fees, royalty percentage, and total investment. When invited to our corporate headquarters, our day of training includes topics that relate to the following principles and schedule of events:
Franchise Concept Creation
Products & Services
Concept & Facilities Review
Franchise Agreement Details
Franchise Fee & Royalties
Range of Investment
Franchise Sales Goals
Realistic Sales Projection
Company Owned Units
Target Market Strategy
Desired Franchisee Profile
Franchise Format (Single, Area, or Master)
Franchisee Training & Support
Training Outline & Curriculum
Phase I = At your location
Phase II = At their location
Purchasing & Accounting
Franchisee & Franchisor Financial Pro-Forma
(5) Year Franchisee Financial Review
(5) Year Franchisor Financial Review
Franchise Business Plan
40-50 Page Franchise Business Plan
Complete Franchise Outline
The Titus School of Franchising
Those interested in a more formal and structured training program may find the Titus Center for Franchising to be a great educational opportunity. Named after Ray Titus, the Founder and CEO of United Franchise Group, the Titus Center is located on the campus of Palm Beach Atlantic University—not far from our corporate headquarters.
Franchise courses are offered in-person and online for undergraduate and graduate students, with a dynamic format that presents information through live seminars and real-world boot camp experiences.
In addition to the degree-earning programs, the Titus Center offers a variety of professional certificate programs that will enhance your understanding of the franchise industry and educate you on best practices that can help position you for success as a franchisor.
Course curriculum centers around various industry-related topics that include: how to buy a franchise, franchise operations, marketing and sales, master franchise development, international expansion, and much more.
Five Steps to Franchise Success
A successful franchise business doesn’t occur by sheer luck. It takes vision, a well-executed plan, and a constant reworking of the formula to course-correct against unforeseen challenges and obstacles. With the franchising process taking, on average, between 3 to 6 months to complete, AFI has identified Five Steps to Franchise Success that are the underpinnings of a productive training module:
- Strategic Business Planning
- Legal Documentation
- Operations Services (Creating an operations manual)
- Marketing Services
- Post-Development Sales & Marketing
Following this blueprint certainly can help position you to make the most of every opportunity, thrive as a dedicated franchise client, and become a brand champion with an aptitude for Customer Relationship Management. At Accurate Franchising, Inc., we can help increase your chances of running a successful enterprise based on the depth of knowledge that we’ve gained over the years—knowledge that can help put you in the driver’s seat as you look to franchise your business.
AFI can help you grow your business. Contact us today to learn more about franchise opportunities.