08 Sep, 2017

Starting A Battery Franchise

Starting a battery franchise Creating a successful business enterprise to batteries in franchise stores can yield ongoing profits. Teaching others how to replicate a successful business model is a predictable way to earn revenue percentages almost indefinitely. Think of the parent store as the teaching model for future buyers of a starting a battery franchise. Instructions Things You'll Need • Hard copy notebook of training materials • Listing of geographical and economic data of locales • Documents in hard copy of demographics for locales • Ads in print media/online/TV and radio • Physical meeting place for discussions 1 Study the process of an established store's development and growth period. Look at details of the first three to five years, especially, before entertaining the idea of franchising the operation. Develop a hard copy notebook of pertinent information. List all challenges that had to be overcome in starting a battery franchise. Keep the notebook to help franchisees work through issues faster. 2 Study possible locations for a new franchise operation. Obtain documents that provide economic and geographical information to review. Ask each local Chamber of Commerce to provide demographic details and data as well. Review possible locations, based on need for a tire and battery store in each area. Talk with manufacturers of tires and batteries to define the target demographic for certain products. Never assume that consumers in all locations will desire precisely the same products. 3 Meet with an attorney and a certified public accountant (CPA) to define the franchise fee to be charged to a franchisee. Define the training, advice, hands-on mentoring and other benefits to be included. Consider interfacing mechanic work or other specialties, in specific towns, with tire and battery franchise stores. 4 Reserve a physical meeting place with potential franchise operators. Meet at a hotel or the office of a business person. Present the notebook of materials that will accompany the training sessions and hands-on help, if the business person complies with fees and other qualifications to own a franchise. Investigate this person's background and check all references, since his or her success or failure can affect outcomes for other franchising to be offered in the future. Tips & Warnings • Help one new franchise operation get into full swing before opening another. Work out the difficulties associated with operating and managing a tire and starting a battery franchise in stages. Wait until a brand new store is relatively problem-free before selling another franchise opportunity. • Get all legal paperwork in order regarding the possibility of failure on the part of the new franchisee. He or she might, at some point, demand the franchise fee returned if things don't go well. Cover the legalities of self-protection if someone does poorly in the new franchise operation.