Should you build an internal development team or outsource it?
There is no right or wrong answer to this. Partnering with a professional franchise development company to propel growth is not right for everyone, but a few factors should be considered: Are you willing to invest the time and money to hire, train, and manage a world-class development team? Is your brand well known enough to attract interest from top candidates who are serious about franchise ownership? If not, a professional franchise development company might be the solution you are looking for. We have worked with dozens of brands over the years and have seen a significant difference in the cost of going it alone when compared with partnering with our team.
Common Expenses
Do it Yourself
Partner With FranGrowth
Hiring VP of Franchise Development
Do it Yourself:
$175,000 - $400,000
Partner With FGC:
FD Team Reporting to VP
Do it Yourself:
$100,000 - $300,000
Partner With FGC:
Ongoing Training and Support for FD Team
Do it Yourself:
$5,000 - $15,000
Partner With FGC:
Operating Expenses
Do it Yourself:
$25,000 - $35,000
Partner With FGC:
Franchise Development process buildout
FDD Consulting, Development Website content, Territory design, Detailed candidate persona development, Meet the Team Day buildout, Development collateral, etc.
Do it Yourself:
$30,000 - $50,000
Partner With FGC:
Built-in Board Room
Dedicated Franchise industry Expertise and Consulting
Do it Yourself:
$50,000 - $150,000 (per board seat) -Or- $525+ per hr
Partner With FGC:
“The most rewarding part of working with FranGrowth is that you truly receive more than you expect. Their expertise in lead generation, candidate discovery process, and solutions for any franchisor's needs are second to none.”
Stephen SchillerCGO, Clintar Holdings
“Before I had ever done business with FranGrowth, they were already providing me with coaching, advice on development process & hiring, and adding value far beyond my expectations.”
Andrew MengasonCGO, Five Star Franchising
“FranGrowth brings the highest level of integrity to all dealings while communicating honestly and with purpose. Most of all, they are sincerely committed to helping franchisors achieve their goals.”
Debra CohenVice President, Real Property Mangement
See if you qualify
We would love to hear from you, learn more about what makes your brand exceptional, and see if you qualify.
