What is the Cost of Selling a Franchise? - PowerPoint PPT Presentation

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What is the Cost of Selling a Franchise?

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What is the Cost of Selling a Franchise? 1. Over 3000 Brands Offering Franchise It’s sensible for franchisees to plan for exiting the business at a time that suits their personal or commercial goals. However, many franchise owners and operators fail to fully consider the range of options available or engage early enough with their advisors. Actual costs that you incur will depend on the franchise team that you are working with, the industry that you are in, and the level of support that you need there are more than 3000 brands offering their franchise. (BBGV1762021) – PowerPoint PPT presentation

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Title: What is the Cost of Selling a Franchise?


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What is the Cost of Selling a Franchise?
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  • 1. Over 3000 Brands Offering FranchiseIts
    sensible for franchisees to plan for exiting the
    business at a time that suits their personal or
    commercial goals. However, many franchise owners
    and operators fail to fully consider the range of
    options available or engage early enough with
    their advisors. Actual costs that you incur will
    depend on the franchise team that you are working
    with, the industry that you are in, and the level
    of support that you need there are more than 3000
    brands offering their franchise.
    (BBGV1762021)2. Selling Franchise Is Not Cheap
    Easy.The cost to franchise your business,
    generally is not cheap. Actual costs that you
    incur will depend on the franchise team that you
    are working with, the industry that you are in,
    and the level of support that you need. There are
    estimated costs associated with the franchise
    development process and the necessary steps to
    franchising your business. These steps include
    development of your FDD, preparation of your
    franchise operations manual, formation of your
    new franchise company, preparation of financial
    statements, and franchise registration.

3
  • 3. Cost Involves- Branding, Advertising, Prospect
    data cost.Although not technically a cost to
    franchise your business, every new franchisor
    should be considering a budget for franchise
    sales. Franchising is scalable and building up
    franchise sales is a process that occurs over
    years. To start, consider a franchise sales
    budget within your first year that is focused on
    building the foundation for your franchise sales
    efforts. Budgeted expenses should include
    building a sales website, developing website
    copy, PR, and presentations that tell the story
    of your brand and what makes you different. It
    involves Franchise Sales Website Franchise
    Brand Positioning Franchise Sales
    Presentations Public Relations and Brand
    Validation Paid Advertising Joining Franchise
    Broker Organizations and Attending Conferences

4
  • 4. Many Got Cheated by Big Franchise PortalsIn
    this type of scam, the fraudsters typically lure
    public to set up franchise in the space available
    with you for a very lucrative rent. However, they
    demand certain fees/commission to take this
    further. They may also set up fake websites where
    you are asked to register your business. Please
    note that genuine portal does not demand any kind
    of fees or commission for setting up a franchise.
    If you come across any requests for such
    payments, you may be dealing with a fraudster.
    Please report such people or agencies at
    once.5. If Your Cost of Franchise Is 10-12 Lacs
    Then Selling Cost Is Not Less Than 3.5 Lacs
    Approx.If you own a franchised business, what
    are the challenges to selling it? There are
    several but this post focuses on one of the fees
    the transfer fee a sale will trigger. Being
    aware of the fees and other restrictions in your
    franchise agreement will be immensely helpful
    when it comes to selling a franchise business.
    All businesses continually make permanent or
    temporary adjustments to the selling price they
    charge to their customers. They alter their
    products, merchandising, or service mix in an
    effort to improve their financial performance. If
    Your Cost of Franchise Is 10-12 Lacs Then Selling
    Cost Is Not Less Than 3.5 Lacs Approx. 

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  • Do you need help? Do you want to sell your
    franchise?Contact Us
  • Address Unit No. 450, Mastermind-1 Premises,
    Royal Palms, Goregaon (E.), Mumbai 400065
  •  
  • Mobile No 91 9137256150
  •  
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