Franchisors
Cash is King
We have all heard the phrase, in fact, most of us have all probably said it at some stage but do you know how effectively cash is being managed across your franchise network? Are your franchise businesses able to withstand a drop in consistent cashflow? Do they have reserves? How vulnerable are they to economic events outside their control?
We can help you understand the financial vulnerabilities of your franchisees and support them in building resilience and reducing their reliance on external finance to fund day to day activities.
How profitable are your franchisees?
At this time of economic uncertainty the most proactive business owners will grow, seize market share and increase profitability and inevitably the valuation of their business as a result. Without the business and financial management skills, a franchisor and their franchisees will not know how their business is performing. Don’t fail to plan, plan to succeed – ensure you are measuring the metrics and driving business performance.
How we work with Franchisors…
National Franchisor
Business Health Checks
Overview
We were engaged to compile a Detailed Business Analysis report for each Franchise business seeking the renewal of their licence.
Key challenges faced / notable aspects
The programme was viewed with skepticism by the network who initially perceived the process as an unwelcome intrusion into their business.
How we delivered value
The positivity and objectivity of our conversations and reporting and the focus on recommended actions to enable the Franchisees to shape and achieve their long-term objectives has changed the perception of the programme to one of being “value add” to the network, as well as providing an objective view of the business for the Franchisor, as evidenced by the feedback below:
“Thank you for carrying out the review, I found it to be interesting, very thorough and thought provoking. What you’ve delivered, I think, is a fair reflection of where we’re at and what needs to be done. I will endeavor to implement many if not all your recommendations in the coming months.”
FRANCHISEE and BUSINESS REVIEW CLIENT
Start planning that step-change in performance today
Let us help you achieve increased business profits and ultimately valuation.
Interested to learn more about some of our “off the shelf” programmes we currently have available to help you and your network businesses.
