![]() ![]() We basically slow the franchisor down temporarily so we can take a look at a lot of different parts of the system, and ensure the business is positioned to operate as successfully as possible going forward. Rhino 7 also evaluates whether the Franchisor is selling the model that is most effective for the business – for example, they may want to sell the brand as a semi-absentee business model, while they operate as an executive model. ![]() A good amount of time may be spent making any necessary adjustments to it, including but not limited to royalty fee structure, Franchisee advertising, how the Franchisee marketing program works, and many other components. For example, oftentimes the FDD ( Franchise Disclosure Document) needs some attention. ![]() Through this in-depth analysis, we may focus in on a number of different areas. When Rhino 7 gets involved, we first perform a thorough evaluation of what’s working and what isn’t. They’ve probably successfully opened a number of units, but then hit a plateau that caused their growth to slow or even stop. Of course we can’t share all of our secrets, but following are 3 key steps that we take with all Franchisors we represent:īy the time Rhino7 begins working with a franchise, the Franchisor has typically spent years building and refining their business model. With over 15 years of experience working with many different Franchisors in multiple industries, we pride ourselves on having created our own “secret sauce” that we attribute to our success. Rhino 7 is far from new to the franchise industry. ![]()
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