Your company has worked hard to build your brand. You were selective in choosing your franchisees, you created an excellent support system, and through hard work, sacrifice, and dedication, you watched your brand successfully grow.
But…are you sure that your franchisees are doing everything the right way?
- Are they paying all the royalty fees that they are obligated to pay?
- Are your franchisees representing the brand the way you envisioned?
We see several reasons every day why the answer could be no:
- Poor bookkeeping or lack of control by the franchisee’s accountant leading to misreporting of revenue.
- Misunderstanding of which income streams are subject to royalty fees.
- Franchisees with a high employee turnover rate, causing inconsistencies in reporting.
- Disgruntled franchisees who wish to sabotage the brand.
- Franchisees that deliberately under report revenue to save money.
- Franchisees that are near the end of their franchise agreement and have stopped reporting revenue accurately.
- Franchisees that start a similar business on their own, taking customers away from your brand.
Do you have a control system in place? We have determined that most internal control systems are inadequate. Many franchise owners find weaknesses and exploit them.
Let us show you how our specialized, independent services can help protect your brand and strengthen your franchise network in a more cost-effective way.
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