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These are questions to get you thinking about your franchise offering. Youll want to offer your franchise owners training, supportand tools to make more money and spend less. Buying power, approved suppliersand other revenue sources One common benefit that will impress and help franchise owners is your ability to save them money for products, suppliesand services. This is an example of collective buying power that a franchise organization can offer. This usually comes in the form of discounted pricing that you can pass through to your franchisees from the approved suppliers youll specify in your franchise disclosure documents and operations manual. You may be surprised to learn that your suppliers may be willing to offer better pricing once theyre notified that youre franchising your business. Your suppliers will benefit by selling more as your franchise network grows, so they should be willing to work with you to keep your relationship. If theyre not, its a good time to shop around for suppliers. Related: The Pros and Cons of Franchising Your Business Facility evaluation and selecting your central office A common challenge for new franchise organizations is their first impression to prospective franchise owners when theyre just starting out. Most early adopters understand that a new franchisor is in their growth stage and may not have a big impressive headquarter.
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