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FAQ
1. What would it typically cost me to franchise my business using the traditional approach of hiring consultants and lawyers?
Somewhere between $80 000 and $125 000 and possibly as high as $200 000 depending on what type of business. As a guide here is a typical cost break down
• Feasibility Study $15 000 - $20 000
• Franchise Agreement $12 000 – 18 000
• Disclosure Document $5 000 - $9 000
• General Legal Advice - IP protection, Registering Trade Mark etc $3000 + $8000
• Operations Manual $15 000 - $20 000
• Marketing Plan $10 000 - $15 000
• Systems for Monitoring progress $8 000 - $15 000
• Packaging your franchise offer $7 000 - $10 000
• Choosing franchise model and structure $5000 - $10 000
Total $80 000 - $125 000
2. What does it cost to franchise my business using the Franchise For Success Program.
Because the Institute was able to pool the resources of a group of franchise solicitors, retailers and business professionals and synthesise this expertese onto an interactive software program the Franchise For Success program is surprisingly affordable. For less than $20 000 you will be able to franchise your business using the Franchise for Success Progam giving you a comparable outcome to the traditional methods.
3. What Ongoing support do I receive?
Included in the initial purchase price is 4 hour long meetings either via phone or face to face depending on where you are located. These meetings are deigned to allow you to riase any questions or discuss issues that have arisen as you work through the program. In addition our customer service department is available 5 days a week to assist you of any questions you have of the program
4. How easy is it to use?
The program is very easy to use. It is divided into 6 discs, each taking a different part of the franchising process and breaking it down into simple, manageable steps. The program details the processes involved in franchising, it covers the different options available to you as well as the advantages and disadvantages of each. It the asks questions about your business and the answers you give form the basis of the customized documents you will create.
5. How long will it take to franchise my business?
The answer to that depends on what systems you already have in place and how much time you have to work through the program. For most businesses it will take somewhere between 3-6 months from the time you commence the process.
6. What guarantees do I get with the program?
The Franchise For Success Program has a lifetime guarantee; if anything goes wrong and we cannot repair it we will replace the program at no cost to you.
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