Franchising is among one of the popular business expansion systems in the world today. Franchising is the practice of using another person's business model. In Franchising, a franchisor grants an independent operator, the right to distribute its products, services, techniques, and trademarks for a percentage of gross monthly sales and of course, a royalty fee. Some examples include tangibles and intangibles such as national or international advertising, training, and other support services.
Franchise consultants are hired by both the franchisors and the franchisees. The franchise owners employ them to choose the right franchise company to invest in. Similarly, the franchisors take up these consultants to act as the intermediate between them and the interested franchisees, A good Franchise consultants can, provide their years of experience in developing franchise networks both locally and globally. Also, they are involved in everything from startup to the sale of the complete network to assist the prospective franchisors to make decisions on the strategies, structures, economics, commercial policies, recruitment, screening and selection methods of franchisees.
Effervescent Communications is a well-recognized name in the industry engaged in providing to its valued patrons with Franchise Consulting Service. Our team of consultants genially draft plans for our clients and assist them to make suitable choices.
Inventure specializes in Franchise business consulting in India. We provide a full range of franchise business consulting services to all types and sizes of businesses, public and private, start-up and established.
Effervescent Communications specializes in franchise business consulting. We provide a full range of franchise business consulting services from assessing franchising ability of a brand, franchise program, franchise development to review for brands across sectors, etc.
Our team of expert consultants has extensive knowledge and experience in both the business world and the franchising field. Our principals are directly involved in each project, and our unique structure allows us to tailor our services to each client's needs while keeping our professional fees reasonably competitive.
We specifically design each individual franchise consultant program to meet a company's particular needs, vision and goals.
What Do We do?
If you plan to franchise your business you can rely on us for professional, cost-effective, specialist advice. We can take you through the entire process, quickly and efficiently, to make it a success. The first step is to confirm that your business model can be franchised and identify how your franchise system would operate.
It would look to answer the following questions:
Can your business be franchised?
Is franchising the best way forward?
How would the franchise system operate?
What are the potential financial rewards for you as the franchisor and the franchise?
How would your initial and ongoing income be generated from franchising?
What resources will you need to build and support a franchise network?
What are the critical factors of success?
- Induction training and support programme
- Production of a Franchise Agreement
- Creation of a Franchise Operations Manual
- Franchise territory analysis
- Production of franchisee cash flow and profit & loss forecasts
- Resource analysis for the franchisor organization
- Production of franchisor profit and loss forecasts
- Advice on setting up and running pilot operations
- Refining package and fee structure
- Refining management structure
- Refining franchisee profile
- Developing franchise marketing plan and marketing materials
