Franchise News

Chapter 8: Selecting the Right Franchisees
The ability to recruit and retain highly motivated franchisees is the lifeblood of a successful, healthy franchise.

Franchise News

The ability to recruit and retain highly motivated franchisees is the lifeblood of a successful, healthy franchise.

As a franchisor, you can check off many boxes in an effort to boost your chances of building a thriving franchise. But the most important “box” is to connect with the best franchisees for your brand. Your company's expansion attempts could be put off for years if you engage the wrong partners, in addition to the time and money you'll lose. And if it’s the wrong fit for the brand, that puts your reputation and other business relationships at risk.
All these reasons are why it is vital that you invest time in establishing an “ideal franchisee” profile, as well as create a thorough vetting process to weed out the potential bad apples.
Here are some tips on how to accomplish both of these tasks and begin the franchisee selection process on the right path.
Identifying what makes potential franchisees exceptional candidates for your brand is the first step in recruiting them. Every franchise is different. This is where your brand’s identity and value proposition come into play. For example, if providing the best customer service in the business is a cornerstone of your brand experience, you’ll likely want to ensure you’re finding franchisees with outgoing, patient personalities.
That being said, there are characteristics that are essential to franchisee success, including:
Attracting candidates with all these exemplary traits might seem as if you’re looking for a franchising unicorn, but you can find them and retain them with a great brand and a franchisee package that offers real opportunities for profitability and growth.
“If you build it, they will come” is a sentiment that is only true in fantasy baseball movies. Knowing what types of candidates you’re looking for is only half the battle; finding them and getting them interested in your brand is the other half. Once someone is interested in your concept, you need to understand what type of info they are looking for and how to communicate with them.
By having answers to their questions and being mindful of how franchisees evaluate potential opportunities, you’ll have a better chance of turning the best candidates into business owners.
Possible channels to find and engage with new franchisees include:
Once you’ve found the right franchisees, you need to know how to keep them happy and invested in the brand. After all, the franchisor/franchisee relationship is symbiotic; if they’re happy and doing well, so are you and vice versa.
Here’s some advice on how to keep your current owners content and connected.
If you’re going to attract the best candidates, you need to have a full grasp on what they are looking for in a brand, and how they determine which franchise is the right fit for their skills, money and time. Once you’ve mastered that and where to find them, keeping them happy and productive with robust training, development and communication tools will create a sustainable recipe for franchisee success.
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