Franchise Growth Strategies
Our Franchise Consultants Develop Dynamic Strategies
Once you’ve made a commitment to franchising, you undoubtedly have high expectations for your business. A successful franchise initiation is a thrilling experience, but it is very common for growth to stagnate before a company has reached its full potential.
Oftentimes, a lull in growth can be attributed to poor operational performance amongst existing franchisees, poor franchise validation in the network, increased competition, or a need to change your marketing strategy among other things.
With three decades of experience and $1.2 billion in system-wide sales, Winmark Franchise Partners® assists franchisors in identifying their issues and opportunities, and quickly and cost-efficiently remedying the situation to get back to a solid growth trajectory.
If you have a successful business and are confident it can reach new heights, we can help you achieve your goal. Our expertise and success in franchise unit-level economics and experience in franchise management and operations allow us to equip our franchise partners with valuable tools to overcome growth challenges.
We have the answers to your questions Our FAQ's
Strategic franchise growth development services are available. Some services include:
Advisory Board Formation
Defined as a group of industry experts that provides non-binding strategic advice to the management of a corporation, the informal nature of an Advisory Board gives greater flexibility in structure and management compared to the Board of Directors. Advisory Boards are typically used for new or emerging brands. Winmark Franchise Partners can help set up and serve on your Advisory Board and recommend various industry experts who would be willing to be part of your Advisory Board.
Review & Monitoring of Pilot Operations
Winmark® has grown five distinct franchise concepts, including developing one brand from the ground up. Winmark Franchise Partners will serve as your franchise consultant and work with you to review and monitor the operational aspects of your business and provide guidance and advice to build a strong foundation for your brand.
Designing & Managing Financial Controls
Winmark is a publicly-held corporation with $1.2 billion in system-wide sales. Cost controls are critical when growing an emerging business. Winmark Franchise Partners will review and provide recommendations setting up your financial systems and infrastructure as well as on cost control measures.
Business Model Enhancement
Winmark Corporation has five successful business models, each having a distinct target customer. We have operational experts on staff that can quickly define the gaps in your franchise business model and franchisee performance. Winmark Franchise Partners will utilize this expertise and review the business aspects of operations, revenue sources, customer base, and customer reviews.
Networking – Strategic Alliances
Winmark Franchise Partners has forged many strategic alliances over our 30+ years in the franchising industry. Acting as your trusted franchise advisor, we will introduce you to many of these contacts who can help further your franchise business.
Forming Advantageous Vendor & Supply-Side Partnerships
With 30+ years of history and a track record of success, we have worked with many vendor partners. Winmark Franchise Partners can assist with providing recommendations for forming partnerships with the right vendors and suppliers for your franchise business, saving you critical time and money in the process.
Overcoming Market & Industry Challenges
Winmark Corporation is a 30+ year old company with over $1.2 billion in system-wide sales. We have overcome many challenges and have seen more than most franchisors in the industry first hand. As your trusted franchise consultant, Winmark Franchise Partners will help steer you clear of the obstacles that may be a challenge to your long-term brand health.
Winmark Franchise Partners has forged a strategic alliance with an industry leader in the public relations arena and as your trusted franchise advisor will introduce you to this company who can help shape your public relations strategies in both franchise development as well as franchisee support.
Strategic Planning & Execution
Winmark Franchise Partners can provide long-term strategic recommendations on how to improve your business or franchise system.
Due Diligence Support
Winmark Franchise Partners can provide consultative support to investors, including Private Equity, in need of due diligence support on potential acquisitions.