Franchising: Frequently Asked Questions

                                                 

Why Use PIR & Associates, Inc To Franchise My Business?

Quite simply - to save time, money and aggravation!   PIR offers custom tailored solutions to meet the needs so you can easily Franchise Your Business.  We provide you Franchising Help with all of the facts and unbiased information you need to successfully create a Franchise System.  In Franchise Development, we take on the role of coordinating all the pieces that result in a complete franchise package from the creation of disclosure documents to a complete training program for franchisees.  Franchising is an ideal solution to Expand Your Business, gain national product recognition, and use the leverage of franchisees to minimize expansion costs.  Franchise Consulting is an integral part of the franchising process and we would enjoy assisting you in growing your business beyond even your dreams.

How Much Will it Cost Me to Use Your Services?

We are sensitive to your needs to minimize costs.  Our fees to accepted clients are minimal and are determined based on the needs of your business.  Compensation for our services are broken down into different phases and you pay as each phase is completed.  This is a Pay As You Go program where you do not have to commit to a large sum up front.  After receiving a small retainer for our services, we begin work immediately.  Our compensation program gives clients added confidence in our services since the risk is shifted on us to perform for YOU.

 How Will You Franchise My Business?                      

Our immediate goal is to identify which is the best vehicle to use when expanding your business.  Following an initial consultation, we will present you with ideal options for your business.  Below is a small sample of what to expect:  
                                                        

- Identify and document specific variations of your business model

- Identify proprietary systems

- Define specific obligations of the Franchisee and your relationship

- Breakout and define total investment requirements, territory, term and renewal

- Create necessary legal disclosures- UFDD and Franchise Agreement

- Identify structure for technology such as web portals

- Collect and organize every piece of operational material into a manual

- Collect and or create support materials for pre opening materials

- Create a comprehensive training program

- Sales and qualification process for potential Franchisees



What is the difference between franchising and licensing my business?

The main advantage of being a Franchise System is the level of control you have over the entire system.  If branding your business and consistency of product or service is essential then franchising is the best way to go.

As a Franchisor Do I Have Financial Responsibilities?

As a franchisor, you must be funded beyond the initial investment of becoming a franchise system.  At minimum a Franchise System must show financial strength to provide for franchise administrative support, national advertising programs along with ongoing research and development to enhance the entire system. 

Is Franchising Safe?

As a Franchise System, it is your responsibility to provide all the tools and continuous support necessary for franchisees to succeed.  Franchisees are your customers.  Your success as a Franchise System is dependent on their success as an operator.

Both Federal and State Governments regulate franchises.  This means that every franchise system is required to provide prospective Franchisees with a disclosure package referred to as a UFDD.  This is one of the things that separate a franchise system from a Licensed Opportunity and why so many people invest in franchises.  Franchise systems are regulated to protect potential Franchisees, have a lower risk of failure and give added creditability to your business model.


How Soon Can I Begin The Franchise Process?

Once we have defined your business model and have identified the necessary phases to Franchise Your Business, you dictate how quickly we complete the Franchise process.   Hypothetically speaking you could be offering Franchises within the next 3 - 6 months!! 

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