Site search and selection is the single largest contributing factor to the overall success or failure of a franchisee’s business. It can also be a complicated time-consuming process regardless of the market size or how “good or bad” the local real estate market is.
Franchisees simply DO NOT possess the same required level of site selection experience (expertise), as the franchisor. Therefore, searching for the best location suited for your new franchisee is the franchisor’s highest level of moral and operational responsibility.Read more…
The Core-Four Lease Negotiation Process
Reducing start-up costs, monthly rental rates, and protecting working capital are the primary goals of the lease negotiation process.
Lease negotiation is an art and a science. Psychology is the most important factor, and yet it is the least understood. It starts during the site selection process. Our Fore Core Process offers the highest potential financial savings to a franchisee.Read more…
The legal review of the landlord lease represents the remaining twenty percent (20%) of the transaction. The landlord will prepare a final lease that will include all terms of the final LOI.
One hundred percent (100%) of all landlord leases guarantee mistakes, oversights and exclusions in this process. There are many reasons, including clerical, administrative, outsourced attorneys and utilization of multiple leases, that contribute to the deficiencies of integrating all terms within the LOI into the landlord lease.Read more…
Franchise Construction Management
Substantially reducing your start-up costs starts with the construction cost estimates. Local and landlord brokers are fully aware that you may NOT know this or how and when to maximize these savings opportunities. Local and landlord brokers do not want franchisees to know what roles construction cost estimates can play in the lease negotiation process. A local broker has not been trained on your franchisor’s functional and prototypical floor plans unless they are trained and have performed multiple franchisee assignments prior to yours.