Steps for Converting a Business into a Franchise

Posted on: October 21, 2020 by RMS Hospitality

From drawing up a disclosure document to figuring out what decorations will go up inside a store, turning a business into a franchise is all about the details. The payoff can be lucrative, as franchising is one of the best ways to spread a brand and grow a business quickly. According to the U.S. Census […] Read More

Posted in: Franchise Select

Utilizing Digital Marketing Tips to Boost Franchises

Posted on: October 7, 2020 by RMS Hospitality

Many challenges come with owning and operating a franchise restaurant. From generating quality leads to allocating a budget to invest in new ideas and finding time to get everything done, restaurant franchising success depends on various factors. For clients in the industry who have been feeling overwhelmed, especially in a COVID-affected world, there are some steps […] Read More

Posted in: Franchise Select

Determining Whether it’s Time to Franchise a Business

Posted on: September 16, 2020 by RMS Hospitality

Franchising may be the next big step for clients in the restaurant industry and represents an opportunity for them to grow their brand. So, how do they know when it’s the best time to franchise? Additionally, how do they know when their business can franchise? To answer these questions, they must evaluate whether or not […] Read More

Posted in: Franchise Select

Top Risks Facing Franchises

Posted on: September 2, 2020 by RMS Hospitality

Between favorable real estate, strong performances in the restaurant industry during the COVID-19 outbreak, and low interest rates, Franchise sales are expected to hit record highs in 2021. But while this may sound like good news for someone wanting to branch out into franchising or expand their already-successful business, there are still risks to consider […] Read More

Posted in: Franchise Select

Franchising: The Greatest Challenges

Posted on: February 19, 2020 by RMS Hospitality

For those looking to step into or expand their reach in the world of franchising, the opportunity is nothing short of exciting. The idea of starting and profiting from a successful franchise business can get the creative ideas floating, but this should come with plenty of caution. While it’s exciting to think about, it’s important […] Read More

Posted in: Franchise Select

Best Practices for Avoiding Franchise Fraud

Posted on: May 15, 2019 by RMS Hospitality

As a business owner or entrepreneur, taking on a franchise business can be enticing. From fast food to coffee to car washes, franchising offers up the opportunity to build and grow a portfolio with a lot of potential for growth. And with the opportunity to operate independently, the idea of franchising becomes even more attractive. […] Read More

Posted in: blog Franchise Select

3 Methods to Communicate and Work Well with Your Franchisees

Posted on: May 8, 2019 by RMS Hospitality

When it comes to franchising, communication is the key to building a strong relationship between parties. But communication isn’t as simple as just having a conversation. Franchises can be spread out throughout your city, your state, country, and even the world; think about the global reach of places like KFC and SuperCuts. With the potential […] Read More

Posted in: blog Franchise Select

Franchise Operations: Tips for Success

Posted on: May 1, 2019 by RMS Hospitality

For business owners considering buying a franchise restaurant, whether it’s a baked goods shop or chain of hamburger stops, there are plenty of things to consider. Fast food, or fast-casual dining, is one of the biggest categories when it comes to franchising and can always find a way to turn a profit in good times […] Read More

Posted in: blog Franchise Select

What Kind of Insurance Does a Franchise Need?

Posted on: September 19, 2018 by RMS Hospitality

Franchise restaurants, especially fast-food spots, are constantly on the go. A big key to business is to provide service efficiently, but to not sacrifice quality. If this happens, this could lead to disgruntled patrons and possible legal issues surrounding health concerns. What’s more, franchise owners who handle multiple locations have a lot on their plate […] Read More

Posted in: blog Franchise Select

Franchise Marketing Strategies: The Good and the Not-So-Good

Posted on: September 12, 2018 by RMS Hospitality

Having a strong marketing message is vital to franchises looking to strengthen their customer base while enticing new customers to buy into what they’re selling. However, some false steps in a plan could completely derail your potential and goals of reaching new customers and clientele. Before anything gets underway, it’s also important for franchises to […] Read More

Posted in: blog Franchise Select

COVID-19 Update:

At RMS and associated firms, business continues as usual. Our staff is remote-capable and available to handle all partners, brokers, and insureds at the present time. Contact us today!