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From Single-unit to Multi-unit Ownership Presentation

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From Single-unit to Multi-unit Ownership Presentation

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Presentation made just prior to a recent franchise client annual meeting. The presentation was made to franchisees considering multi-unit ownership, and included interaction with current multi-unit franchisees.

1/22-24

Presentation made just prior to a recent franchise client annual meeting. The presentation was made to franchisees considering multi-unit ownership, and included interaction with current multi-unit franchisees.

1/22-24

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From Single-unit to Multi-unit Ownership Presentation

  1. 1. Multi-unit Ownership<br />Future business growth considerations<br />
  2. 2. Why now?<br />Franchiseeinquiries<br />Corporate growth initiatives<br />We’re in an Opportunity Economy<br />
  3. 3. How?<br />Develop formal multi-unit program<br />Assist current franchiseesachieve objectives<br />Assist current multi-unit operators improve<br />
  4. 4. Meeting objectives…<br />To foster thought on multi-unit ownership<br />To gain franchiseeperspective<br />To present franchiseegrowth opportunity options<br />To establish next steps in growing the brand<br />
  5. 5. Mindset & Skill Set<br />A winning combination…<br />Goals and objectives must be in line with expectations. <br />Vision is necessary for multi-unit ownership and enterprise building<br />Required skill set for multi-unit ownership including a successful single-unit operation <br />
  6. 6. Let’s Explore…<br />Why does multi-unit ownership excite you?<br />What does a day-in-the-life of a multi-unit operator entail?<br />What do you hope to achieve thru multi-unit ownership?<br />What is your long-term vision with multi-unit ownership?<br />What skills are required for successful multi-unit ownership?<br />Would you consider your first operation a success?<br />
  7. 7. Systems<br />The foundation that is often ignored!<br />Required systems for all phases of operations and management<br />Mid-level management, delegation and accountability<br />
  8. 8. Let’s Build…<br />How important are systems to a multi-unit operation?<br />Will you operate two businesses or one enterprise?<br />How will your responsibilities change in a multi-unit operation?<br />Do you enjoy managing people?<br />Do you delegate well?<br />How important is record-keeping to a multi-unit operation?<br />How important is accountability to short and long-term success?<br />
  9. 9. Economy of Scale<br />Is bigger really better (and easier)?<br />Perception or reality?<br />Additional business logistics<br />
  10. 10. Let’s Take a Look…<br />Does one plus one equal two, three, one, or zero?<br />Beyond financial benefits, how does economy of scale present additional advantages?<br />
  11. 11. Location, Location, Location<br />More than just where…<br />Full service or satellite locations<br />Spreading the word and sharing the vision<br />
  12. 12. Follow Me…<br />How important is location to your long-term vision?<br />Type, size, proximity, future growth<br />Why is location of the second store critically important to a multi-unit operation?<br />Is there really economy of scale in marketing and public relations for a multi-unit operation?<br />
  13. 13. Timing is Everything<br />Can your decision stand the test of time?<br />Timeframe to proceed – Knowing when you’re ready<br />Exit strategy – voluntary & involuntary<br />The next steps…<br />
  14. 14. Are You Ready?<br />How do you know when you’re ready to further explore multi-unit ownership?<br />What steps must be taken to get from thought to reality?<br />How must I prepare for multi-unit ownership? <br />Do I NEED to do this now?<br />
  15. 15. Wait… What if?<br />What happens if the second location fails?<br />What happens if the first location is adversely affected by the new location?<br />What happens when I want to retire or move on?<br />
  16. 16. To be, or not to be?<br />How will multi-unit ownership affect my personal life?<br />Understanding risks involved, am I willing to proceed?<br />Am I comfortable with being an entrepreneur?<br />Am I considering multi-unit for the right reasons?<br />Am I (truly) committed to move forward?<br />

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