Sound good to be true? That’s what I initially thought, as well.
A “managed model” means that the corporate franchisor will manage the entire business for the franchisee, only requiring 2 hours per month of the franchisee’s time once the business is up and running. Each franchisor has a corporate management team that will do everything from A to Z to get the business up and running to manage daily functions.
Some highlights of the “Managed Model” structure include:
In addition to the traditional royalty, management fees range from an additional 4 to 5% of gross revenue Hosting two 1-hour calls per month with the franchisee on details of the business, KPIs, goal setting, and Q&A Recruiting, training, and management of the franchisees’ staff Handles bookkeeping, payroll processing, billing, and collection of fees payable to the franchisee. Oversight of advertising, promotions, and marketing. Real estate location and build-out for brick & mortar concepts, and more.
Interested to know what these four franchise brands are? Well, listen to the full podcast for a brief overview of each + more information on the “managed model” approach.
If you are interested in learning more about market availability and investment levels for any of these brands, reach out to me at firstname.lastname@example.org or 866.311.7227.
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