It’s the fundamental agreement that every business looking to scale through franchisees needs to have.
Businesses that scale their brand should consider structuring the relationship between themselves and the business owners that believe in the future of the business. To do so, a franchise agreement is an indispensable tool to map out what both parties will do during the relationship, what things will cost, and how they will govern themselves over the course of their business.
What do McDonald’s and Tim Horton’s have in common? They are some of the most epic franchises in all the world.
How do they get it done? With a system of standardized documents, the pillar of those standardized documents being the franchise agreement. It’s the template for which you will have the relationship with all of the people and operators that believe in your brand.
These people get this document called the franchise agreement and in there are all the rules and all the business exercise that make your system standard, easy to understand, and easy to replicate.
So if you are a business looking to scale, this document is for you. You wanna be McDonald’s? Let’s get this done.