Successful Franchisor Denver CO

There are many factors that contribute to a successful franchise. Chief among these is having the right people in charge of the franchise. Over the years, I've noticed several other characteristics shared by successful franchisors. Obviously, adherence to the following list will not guarantee success, but it will certainly put you far ahead of the average new franchisor.

Cynthia R Smith
(303) 861-5300
1660 LINCOLN ST STE 1700
DENVER, CO
Specialties
Corporate, Securities Offerings, Intellectual Property, Franchising
Education
University of Denver College of Law,Iowa State University
State Licensing
Colorado

Anthony Webster Epps
(303) 297-2400
1801 California Street, Suite 3100
Denver, CO
 
Zachary Paul Mugge
(970) 728-3029
1099 18TH ST STE 2600
DENVER, CO
Specialties
Commercial, Arbitration, Franchising, Intellectual Property
Education
University of Colorado School of Law,DePauw University
State Licensing
Colorado

Andrew L Pidcock
(303) 634-2023
1200 17th St Ste 1900
Denver, CO
Specialties
Commercial, Real Estate, Franchising
State Licensing
Colorado

Steven Matthew Kelso
(303) 244-1851
1801 CALIFORNIA ST STE 3600
DENVER, CO
Specialties
Commercial, Employment, Franchising, Intellectual Property, Defective & Dangerous Products, Class Action
Education
University of Notre Dame Law School,University of Colorado at Boulder
State Licensing
Colorado

Heather Carson Perkins
(303) 607-3703
1700 LINCOLN ST
DENVER, CO
Specialties
Franchising, Litigation
Education
University of Colorado School of Law,University of Colorado - Boulder
State Licensing
Colorado

Craig C. Garby
(303) 628-9576
ONE TABOR CENTER 1200 17TH ST STE 3000
DENVER, CO
Specialties
Business, Franchising, Intellectual Property, Venture Capital
Education
Stanford Law School,Cornell University,University of Colorado
State Licensing
Colorado

Gwen Jarahian Young
(303) 244-1843
1801 CALIFORNIA ST STE 3600
DENVER, CO
Specialties
Commercial, Franchising, Securities Offerings
Education
University of Denver College of Law,University of New Mexico
State Licensing
Colorado

Leonard Hawkes MacPhee
(303) 291-2307
1899 Wynkoop Street, Suite 700
Denver, CO
Specialties
Franchising, Litigation, Employment, Appeals
Education
Penn State Dickinson School of Law,Messiah College
State Licensing
Colorado, Pennsylvania

Craig J Knobbe
(303) 291-2382
1899 WYNKOOP ST STE 700
DENVER, CO
Specialties
Real Estate, Intellectual Property, Business, Franchising
Education
University of Denver Sturm College of Law,University of Arizona
State Licensing
Colorado

How to Be a Successful Franchisor

If you have a great business and are thinking about franchising it — you should know what it takes to be a good franchisor. The following list details some factors that typically translate into successful franchisors. In addition when you are buying a franchise it is important to ensure it is strong, and will remain strong. This list can also help identify great franchisors to work with. The following article is from JD Supra .

There are many factors that contribute to a successful franchise. Chief among these is having the right people in charge of the franchise. Over the years, I've noticed several other characteristics shared by successful franchisors. Obviously, adherence to the following list will not guarantee success, but it will certainly put you far ahead of the average new franchisor.

Franchisee Selection Process 

Smart franchisors are very selective in establishing franchisee relationships. Your franchisees are the single most important factor in determining your success. You must make sure that they are financially, intellectually, and emotionally qualifed to run the business. You should never grant a franchise to someone that you would not feel comfortable hiring as a management employee. You should also investigate them as if you were hiring them as employees. Multiple Revenue Streams. In addition to standard franchise and royalty fees, franchisors can increase revenue streams from franchisees through sales of goods or services to the franchisees, such as required inventory and/or equipment purchases. Franchisors can also receive rebates or commissions from other suppliers which the franchisees are required or encouraged to use. Finally, rental income can be earned by leasing site locations to franchisees.

On-going Services

Successful franchisors offer more to their franchisees than just a trademark and a business model. They also offer services such as location selection and development services; complete initial and on-going training (inadequate training is one of the most common causes of franchisee failure); complete specs and systems communicated in a clear manner; procurement programs for equipment, supplies, inventory and services; advertising assistance; and research and development.

Maintaining System-Wide Uniformity

Maintenance of high and uniform standards throughout the franchise network is of signifcant value to the franchisor and each of the franchisees. It is important to the value of the system, that a customer receives high quality and consistent experience in dealing with each franchise location. Whether or not you are a fan of McDonald's, you can't deny the remarkably consistent experience in visiting a McDonald's in Chicago, Atlanta, or Tokyo. A franchisor must implement policies and procedures that help maintain standards by rewarding compliance and enforcing system standards by means of inspections and audits where positive motivation has not proven effective. The more &qu...

Click here to read the rest of this article from NuWire Investor