Successful Franchisor Newark NJ

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.

Michael S Waters
(973) 565-2011
Three Gateway Center, 100 Mulberry St
Newark, NJ
Specialties
Insurance, Litigation, Franchising
State Licensing
New Jersey

Melvin Greenberg
(973) 643-3700
1 GATEWAY CTR STE 600
NEWARK, NJ
Specialties
Franchising, White Collar Crime, Fraud, Litigation
Education
New York University School of Law ,New York University
State Licensing
New Jersey

Kingsuk Bhattacharya
(973) 736-9800
80 MAIN ST
WEST ORANGE, NJ
Specialties
Business, Franchising, Litigation
Education
Seton Hall University School of Law,University of Texas System, Austin
State Licensing
New Jersey

Laurence R Slous
(973) 744-2100
250 BELLEVUE AVE
UPPER MONTCLAIR, NJ
Specialties
Real Estate, Business, Corporate, Banking, Franchising
Education
New York University School of Law,Cornell University
State Licensing
New Jersey, New York

John William Carroll
(212) 233-0314
233 BROADWAY RM 2200
NEW YORK, NY
Specialties
Franchising, Corporate, Intellectual Property, Election Campaign, Appeals
Education
Columbia University,St. Peter's College
State Licensing
New York

Robert C. Brady
(973) 596-4617
Gibbons Pc, One Gateway Center
Newark, NJ
Specialties
Business, Litigation, Franchising
Education
Seton Hall University School of Law,Temple University - James E. Beasley School of Law,Villanova Uni
State Licensing
New Jersey, Pennsylvania

Sharon T Jacobson
(973) 736-4600
155 Prospect Ave
West Orange, NJ
Specialties
Corporate, Franchising, Mergers & Acquisitions
Education
DePaul University College of Law,Vassar College
State Licensing
New Jersey

Kenneth L. Leiby
(973) 218-0405
159 MILLBURN AVE
MILLBURN, NJ
Specialties
Corporate, Commercial, Defective & Dangerous Products, Maritime, Franchising
Education
Brown University,Fordham University
State Licensing
New Jersey, New York

Philip L Chapman
(973) 403-9000
103 EISENHOWER PKWY
ROSELAND, NJ
Specialties
Business, Contracts, Franchising, Real Estate
Education
Harvard University Law School,Princeton University
State Licensing
New Jersey

Dominick Joseph Bratti
(732) 855-6127
75 Eisenhower Pkwy Ste 200
Roseland, NJ
Specialties
Employment, Franchising, Licensing
Education
Seton Hall University School of Law
State Licensing
New Jersey

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...

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