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Recently, I had the chance to connect with Joe Halpern from Franchise Times to discuss Neighborly®’s strategic shift regarding private equity. After numerous successful private equity deals in 2023 and understanding the benefits of these new partnerships, the executive team was prompted to alter their approach, directing private equity investments increasingly towards fostering growth at the franchise owner level. This shift in strategy reflected a larger industry trend, highlighting the growing emphasis on franchisee empowerment and operational success. It's also a testament to Neighborly's commitment to nurturing the foundation of the franchise system – the individual franchise owners. While there is a lot of interest in the home services sector, we are determined to remain purposeful of which private equity firms we partner with. In doing so, we will ensure the firms understand franchising, align with our principles, live out our Code of Values, and can help take us to the next level. Learn more about our strategic shift at: https://lnkd.in/gvt5uFbi Want to join our thriving team? Visit https://lnkd.in/g6fai76a for more information on franchising opportunities. #Franchising #Growth #PrivateEquity #StrategicShift #HomeServices 

Not less than 7 years ago, PE investors were shut down to the possibilities of franchise investing. Today they seek out opportunities with companies like Neighborly which has incredible opportunities but also depending on their short or long term goals, PE and search funds are open to acquisition of the franchise system as a whole to become Franchisors. How things have changed! Those of us in the franchise space for years have always realized the value of an excellent system. Private equity can bring capital and resources to improve, scale, and expand growth faster and in most cases more efficiently. It can grow the System and benefit all of the franchisees. Today, many of the umbrella franchises are PE owned or backed.

Unite and Pool Our Resources in the Franchise Industry and Conquer Lead Costs Rising lead costs have become a strain on the process of franchising and are negatively affected the entire industry. • Are you a franchisor, advisor, broker, consultant, or supplier? • Are you feeling the squeeze of rising lead costs in the franchise industry?  • Are you looking for ways to reduce the burden of lead costs on your business? • Do the increasing costs of franchise lead conversion seem overwhelming to manage? • Looking for innovative solutions to help alleviate the effect of costly franchise lead conversions? • Franchising costs are set to soar, how can you keep your costs down? • Are high lead costs draining the lifeblood from the franchising industry? We're addressing the 'Big Elephant in the Room!' It's already difficult enough to be successful in the franchising industry, and costly lead conversion only makes it more difficult and expensive. That's why the National Franchise Alliance (NFA) is taking action to create a better environment and restore the lifeblood of the franchising industry. Fortunately, the National Franchise Alliance (NFA) has a solution to this "big elephant in the room." Through their cutting-edge Franchise Connector platform, they are uniting franchisors, advisors, brokers, consultants, and suppliers in a single space and providing various levels of access at a low monthly cost. Through this unique system, collective resources can be pooled together to drive more successful lead generation strategies. To achieve our goals, 50% of all advertising revenue is used to drive traffic to the platform. With this new initiative, NFA is creating a collaborative platform that harnesses the collective resources of everyone in the Franchising industry. By combining the knowledge, expertise, and experience of franchisees and partners, NFA is taking the lead in creating a better, more cost-effective franchising experience. The National Franchise Alliance is introducing a new opportunity for franchisors, advisors, brokers, consultants, or suppliers to pool their resources, driving down their lead costs and increasing their efficiencies. Visit their website today to learn more about this powerful method of success in the franchising industry. https://lnkd.in/eEYEaPKK. You can email me: [email protected] or schedule a call: Schedule at: calendly.com/bullingermg/ #franchisesuccess #franchiseconsulting #franchising #franchisenetworking #franchiseindustry

Unite and Pool Our Resources in the Franchise Industry and Conquer Lead Costs   Rising lead costs have become a strain on the process of franchising and are negatively affected the entire industry. · Are you a franchisor, advisor, broker, consultant, or supplier? · Are you feeling the squeeze of rising lead costs in the franchise industry? · Are you looking for ways to reduce the burden of lead costs on your business? · Do the increasing costs of franchise lead conversion seem overwhelming to manage? · Looking for innovative solutions to help alleviate the effect of costly franchise lead conversions? · Franchising costs are set to soar, how can you keep your costs down? · Are high lead costs draining the lifeblood from the franchising industry?   We're addressing the 'Big Elephant in the Room!' It's already difficult enough to be successful in the franchising industry, and costly lead conversion only makes it more difficult and expensive. That's why the National Franchise Alliance (NFA) is taking action to create a better environment and restore the lifeblood of the franchising industry. Fortunately, the National Franchise Alliance (NFA) has a solution to this "big elephant in the room." Through their cutting-edge Franchise Connector platform, they are uniting franchisors, advisors, brokers, consultants, and suppliers in a single space and providing various levels of access at a low monthly cost. Through this unique system, collective resources can be pooled together to drive more successful lead generation strategies. As a bonus, 50% of all advertising revenue is used to drive traffic to the platform.   With this new initiative, NFA is creating a collaborative platform that harnesses the collective resources of everyone in the Franchising industry. By combining the knowledge, expertise, and experience of franchisees and partners, NFA is taking the lead in creating a better, more cost-effective franchising experience. The National Franchise Alliance is introducing a new opportunity for franchisors, advisors, brokers, consultants, or suppliers to pool their resources, driving down their lead costs and increasing their efficiencies. Visit their website today to learn more about this powerful method of success in the franchising industry. https://lnkd.in/eEYEaPKK.   You can email me: [email protected] or schedule a call: Schedule at: calendly.com/bullingermg/   #franchisesuccess #franchiseconsulting #franchising #franchisenetworking #franchiseindustry

Why YOU should franchise! According to Forbes, here are 5 reasons why a franchise business is even more important today! 1. Successful franchises create jobs 2. Franchise business owners are in business for themselves, not by themselves 3. During a financial downturn or other crisis, franchisees are not alone 4. Franchisees benefit from lower expenses through volume buying 5. Being part of a national franchise brand that provides name recognition Ready to join the Vanity Fur legacy and become your own boss today? Head over to our website and inquire now! Read the rest of the Forbes article here: https://bit.ly/3q4IAbz #vanityfur #businessowner #franchsieeopportunities #franchising #mobilepetsalons #petgrooming

https://lnkd.in/erR47Ke3 Is a franchise Vet-Friendly or a "Top Franchise for Veterans" just because they offer a discount & post a lot of service member stock photos? What if they sue Veteran franchisees because they can't keep up with fees, penalties, interest charges? What if they use NDAs & confidentiality agreements to limit the input Veterans receive BEFORE signing the franchise agreement, and to prevent them from sharing their experiences & opinions AFTER signing? I am hoping this post will inspire Andrew Skehan Heidi Morrissey Jennie Amante Marci Kleinsasser, CFE Jonathan (JT) Thiessen, CFE and others at Home Franchise Concepts JM Family Enterprises, Inc. Kitchen Tune-Up Franchise System Bath Tune-Up Franchise System to revisit and rethink their recruitment and policies toward Veterans. With a Navy Veteran at the helm, they have the opportunity to set a new example in the industry. FYI PK Kelley is not relation. #veterans #veteranssupport #veteranshelpingveterans #franchising

Are you finding it challenging to differentiate between the various types of franchise agreements? Join Alice on her journey to unravel the mysteries of franchise arrangements. Alice discovered a single-unit franchise opportunity for a popular coffee chain. She signed a single-unit franchise agreement, allowing her to open and operate one coffee shop in her neighbourhood. With this agreement, Alice focused on making her single coffee shop the best it could be. As Alice's coffee shop became successful, she wanted to expand her business. She approached the franchisor and signed a multi-unit franchise agreement. This agreement allowed her to open and operate multiple coffee shops in different locations across the city. Now, Alice was managing several coffee shops simultaneously, spreading her brand's presence far and wide. With her success as a multi-unit franchisee, Alice's ambition grew even more. She negotiated an area development agreement with the franchisor. This agreement gave her the right to develop and operate coffee shops within a specific geographic area over a set period. Alice was thrilled because she could strategically plan the growth of her coffee empire, ensuring that each new location complemented the others. As Alice's coffee empire expanded, she caught the attention of the franchisor's corporate headquarters. They approached her with a proposition: a master franchise agreement. In this agreement, Alice became responsible for developing and sub-franchising the brand within an entire region. She provides training and assistance to the franchisee and benefits from collecting franchise fees and royalties. With the master franchise agreement, Alice became not just a franchisee but a partner in the brand's regional expansion. Through these different types of franchise agreements, Alice's journey from owning a single coffee shop to becoming a regional leader in the coffee industry demonstrates the varying scopes and opportunities that each agreement offers. #oneislandconsultancy #franchiseagreement #franchise

Joe Caruso helps franchise leaders with solving obstacles to getting buy-in and helping everyone win at franchise brands. "As a guiding source putting John Kotter’s concepts from “Buy-In: Saving Your Good Idea from Getting Shot Down” for franchisor and franchise owners in franchise brands to work for you to get buy-in. Understanding Objections in Franchise Systems When a franchisor introduces new ideas or systems across the franchise network, they often face objections. These objections, if not managed well and prepared for in advance, can hinder the adoption of potentially beneficial changes. Understanding and addressing these objections is crucial to securing buy-in from franchise owners, HQ teams and supply chain stakeholders. Fear Mongering (Death): Franchise Context: Franchise owners might object to new initiatives by focusing on how these changes could lead to financial losses, disrupt customer relationships, or cause operational difficulties for example remodel programs which are capital intensive upfront and have an amortized payback over time until the next facility upgrade. Counter Strategy: Franchisors should present clear data and examples to showcase the potential benefits of the initiative, long term value and how similar risks have been managed successfully in the past. Demonstrating the support mechanisms and training available can help alleviate these fears. Delay (Confusion): Franchise Context: Franchisees may claim that the timing isn’t right for implementing new strategies or that they need more information before they can commit. If you have a change or innovation that requires a capital investment you will likely heat we cannot afford this now as an objection. Counter Strategy: Franchisors should emphasize the timing and strategic importance of the initiative with a well-defined rollout plan. Highlighting the cost of inaction and providing a phased approach can help reduce resistance based on timing or lack of information. And for most cost vs investment objections being prepared to show how it will pay for itself. Confusion (Ridicule): Franchise Context: New ideas can be met with skepticism or ridicule, particularly if they deviate significantly from current practices often associated in major and minor marketing, branding and advertising. Franchisees might dismiss them as impractical or unnecessary and risky to the brand. Counter Strategy: Maintain a professional demeanor and provide clear, factual explanations of how the new ideas were developed and their expected benefits. Use testimonials or case studies...there's much more click thru to read it." https://lnkd.in/eePyNqWy #QSR #Entrepreneur #Restaurants #Franchise #Franchising #FranchiseChat Chainformation Altir Industries, Inc. Franchise Pipeline Franchise Development Outsource Ned Lyerly Joe Caruso Michael (Mike) Webster PhD Anders Hall Jonathan Martin Michael Scherr  

Unwavering support and comprehensive training for franchisees is essential. From initial setup assistance to ongoing operational guidance, a continual support system fosters the right environment for franchisees to address challenges, enhance performance, and maintain the franchise's standards. If you're considering investing in a franchise, be sure to look for these qualities in your potential franchisor. Learn more about building a successful franchise at  #franchisesuccess #franchisetraining #businessgrowth

Franchising's Future: Mega-Franchisors and You Is franchising your gateway to entrepreneurial triumph? The franchise landscape is transforming with the emergence of mega-franchisors and the consolidation of diverse brands under one roof. This revolution is reshaping the franchising dynamics, setting the tone for the industry's future. Selecting Your Franchise: Finding a franchise that resonates with your skills and passion is pivotal. It's akin to discovering the perfect bicycle fit—it should seamlessly align with you. Efficiency at Scale: Franchise consolidation paves the way for economies of scale, operational streamlining, and enhanced collaboration among different brands within a conglomerate, all of which directly benefit franchisees. Growth and Private Equity: The surge in private equity investments in multi-brand franchisors is fast-tracking expansion and providing fresh exit strategies for small franchisors. Creating Synergy: Successful conglomerates take proactive measures to integrate acquired brands, ensuring a coherent culture and fostering a unified vision across all franchises. 👉 WE ARE MEETING A MULTI-BRAND FRANCHISE SYSTEM OPERATOR, THE BARDON GROUP, ON THURSDAY. JOIN US TO FIND OUT MORE : https://lnkd.in/e7TwQXPz More about our channel and subscribe: 👉 https://lnkd.in/eDSnrHhN