Franchise Development Pricing
Plans and Pricing
Franchise Sales RetainerWe work as your primary franchise sales representative to prospective franchisees.
- This cost is to retain the services of New Day Consulting Systems, LLC to be the primary sales representative for a start-up franchise system only for a minimum of 6 months. This retainer includes a requirement that New Day Consulting Systems, LLC receives a 40% commission on all closed prospects that New Day Consulting Systems provides to the new franchise system. The retainer pricing is only valid in tandem with the commission rate listed above. A final sales consulting agreement must be executed prior to beginning the work. This retainer price does not apply to franchise systems in existence for more than 3 years.
Franchise Operations ManualCritical system infrastructure for the franchise.
- A franchise operations manual is critical to the proper execution of a franchise system. Franchisees expect a thoughtful, well planned operations manual that they may use to replicate the business in their particular location. Without a thorough franchise operations manual, the franchise system will suffer from poor execution and inadequate franchisee revenues. An executed agreement with New Day Consulting Systems, LLC is required prior to beginning the work on a franchise operations manual.
Franchise Master PlanThe guiding planning document for the entire franchise system.
- Before endeavoring to franchise a business, New Day Consulting Systems, LLC requires all clients have a franchise master plan. A franchise master plan is a guiding, governing document that charts the course for the franchise system and includes several key elements for the franchise such as: business model, marketing model, leadership team, suppliers/vendors, real estate and location requirements, skill sets required, market penetration, market competition, ideal franchisees, ideal customers, marketing/sales plan, technology/innovation plan, intellectual property protection, franchisee onboarding and ongoing training. The franchise master plan is the document that will be used develop other critical franchise documents. The franchise master plan may be used to secure bank funding or angel funding. An agreement must be executed prior to New Day Consulting Systems, LLC beginning the work.
Franchise Disclosure Document and Franchise AgreementRegulatory required documents to sell franchises.
- The development of a Franchise Disclosure Document (FDD) and Franchise Agreement (FA) are regulatory documents required to sell franchises. New Day Consulting Systems, LLC works with licensed franchise attorneys to develop these documents in Virginia to file around the U.S. The development of an FDD and FA are fundamental legal documents that must be done in tandem with proper legal counsel. For that reason, New Day Consulting Systems does not quote pricing for developing these regulatory documents without consulting with the appropriate legal counsel first. Please note: If you plan on franchising your business and you ONLY focus on FDD and FA development, you have not developed a franchise business, you simply have complied with a regulation in order to sell a business. This distinction is critical for you to understand. Any franchise consultant who is in the business of creating FDDs and FAs is not helping you build a franchise business. They are operating solely in the realm of regulatory compliance. Please contact us today to discuss the difference between building a business and complying with a regulation.