Franchise Development Manager

Taskar Global Private Limited

  • Full Time
  • Morādābād, Uttar Pradesh

  • Published : 2022-11-23
  • Share:

Job Description

  • Job Title Franchise Development Manager

Description

Developing a business plan to help the company grow and achieve its goals
Evaluating potential locations for new stores based on market demand and competition from existing businesses
Ensuring that all employees receive adequate training on company policies and procedures
Identifying new opportunities for expanding into new markets or products
Leading negotiations with landlords on terms of lease agreements for new stores
Analyzing data to identify new opportunities for growth within existing markets
Monitoring competitor activity in the market and making adjustments to marketing campaigns as needed
Developing strategic plans to help existing stores improve performance
Managing the overall operations of a franchise operation to ensure that it is running smoothly
Franchise Development Manager Salary & Outlook
Franchise development managers’ salaries vary depending on their level of education, years of experience, and the size and industry of the company. They may also earn additional compensation in the form of commissions and bonuses.Median Annual Salary: $82,500 ($39.66/hour)
Top 10% Annual Salary: $125,000 ($60.1/hour)
The employment of franchise development managers is expected to grow at an average rate over the next decade.As more people become interested in owning their own business, the demand for these managers will increase. However, the growth rate will be tempered by the increasing popularity of online platforms that allow entrepreneurs to research and evaluate franchising opportunities on their own.Franchise Development Manager Job Requirements
A franchise development manager typically needs the following qualifications: Education: Most franchise development managers have at least a bachelor’s degree. Some of the most common majors for franchise development managers are business, marketing and communications.Training & Experience: Franchise development managers typically receive on-the-job training. This training may include learning about the company’s products and services, the company’s business model and the company’s marketing strategies. The training may also include learning about the company’s computer systems and software.Franchise development managers may also receive training in the form of seminars and conferences. These conferences can help franchise development managers learn about trends in the industry and about new marketing strategies.Certifications & Licenses: Certifications enable professionals to improve their skills and demonstrate their qualifications to prospective employers. Franchise development managers can earn certifications to gain more theoretical knowledge of their responsibilities, test their professional skills and further advance their career.Franchise Development Manager Skills
Franchise development managers need the following skills in order to be successful: Marketing skills: A franchise development manager oversees the marketing of a franchise and its products. This includes creating advertisements, planning marketing campaigns and analyzing the success of marketing efforts. A franchise development manager with marketing skills can create effective marketing strategies and campaigns that help a franchise grow.Business development skills: Business development skills are the ability to identify and pursue new business opportunities. This can include identifying potential clients, researching their needs and creating a strategy to meet those needs. It can also include identifying new revenue streams, such as by creating new products or services.Communication skills: Communication skills are essential for a franchise development manager. You might be responsible for communicating with potential franchisees, franchise owners, suppliers and other members of your team. Effective communication can help you build trust and maintain positive relationships with others in your organization. You might also use communication skills to create marketing materials, conduct interviews and write reports.Financial knowledge: A franchise development manager needs to understand the financial aspects of a franchise. They need to know how to assess a franchise’s potential and how to help a franchise grow. They also need to know how to help a franchise owner make smart financial decisions.Strategic planning: Strategic planning is the ability to create a plan for the future. This can include forecasting trends, identifying opportunities and outlining goals. A development manager can use strategic planning to develop a plan for growing a franchise. This can include creating a marketing strategy, a sales strategy and a training strategy.Franchise Development Manager Work Environment
Franchise development managers work in a variety of settings, including corporate offices, franchisors’ homes, and franchisees’ businesses. They may travel extensively to meet with prospective franchisees, attend trade shows and conventions, and conduct training seminars for new franchisees. They typically work long hours, including evenings and weekends, to meet deadlines and attend meetings. Some franchise development managers work from home, which can provide more flexibility in scheduling but may also require more self-discipline to stay on task.Franchise Development Manager Trends
Here are three trends influencing how Franchise Development Managers work. Franchise Development Managers will need to stay up-to-date on these developments to keep their skills relevant and maintain a competitive advantage in the workplace.The Need for a More Agile Approach to Franchise DevelopmentThe franchise development process is changing, and businesses are beginning to realize the need for a more agile approach. This means that they will be looking for franchise development managers who can adapt to changes quickly and who have experience working in an agile environment.As the franchise development process becomes more agile, franchise development managers will need to be able to manage multiple projects at once and work quickly to meet deadlines. They will also need to be able to communicate effectively with other members of the team, as well as with potential franchisees.More Focus on Digital MarketingFranchise development managers are increasingly focusing on digital marketing as a way to attract new franchisees. This trend is due to the fact that digital marketing is a cost-effective way to reach a large number of people in a short amount of time.As franchise development managers focus on digital marketing, they will need to learn how to use social media platforms, search engine optimization, and email marketing to their advantage. In addition, they will need to be familiar with the latest trends in digital marketing so that they can stay ahead of the competition.A Greater Emphasis on BrandingBranding has always been important for businesses, but it is becoming even more important in today’s economy. As customers become more informed about products and services, they are looking for brands that stand out from the crowd.This trend is having a major impact on the franchise industry, where many businesses are now placing a greater emphasis on branding in order to set themselves apart from the competition. Franchise development managers can capitalize on this trend by developing a strong brand identity for their franchise and promoting it to potential franchisees.How to Become a Franchise Development Manager
A successful career in franchise development requires a combination of business and marketing skills. You’ll need to be able to understand the business model of the franchise you’re selling, as well as its potential for growth. You’ll also need to be able to market the opportunity effectively to prospective franchisees.To develop these skills, start by gaining experience in both sales and marketing. Then, take courses in business planning and entrepreneurship. Finally, get involved in your local business community by attending networking events and volunteering with local organizations.Related: How to Write a Franchise Development Manager ResumeAdvancement Prospects
Franchise development managers typically advance by taking on larger territories or more responsibility within their organization. They may also move into other positions within the company, such as marketing or sales. Some franchise development managers eventually start their own franchise consulting businesses.Franchise Development Manager Job Description Example
Are you an experienced business development or franchise sales professional? Do you have a proven track record in developing and executing sales and marketing plans? If you answered yes, then we want to hear from you!We are looking for a Franchise Development Manager to join our team and help us grow our franchise network. In this role, you will be responsible for identifying and developing relationships with potential franchisees, as well as managing the franchise sales process from start to finish. You will also be responsible for developing and executing marketing plans and initiatives to generate interest in our franchise opportunity.If you are a driven, self-starter with a passion for business development and sales, then we want you on our team!Duties & ResponsibilitiesDevelop and execute on a strategic plan to identify, qualify and convert prospective franchisees that align with the company’s target market and growth objectives
Research and analyze new markets for expansion opportunities
Develop relationships with key players in each territory, including real estate professionals, business brokers, and small business lenders
Attend industry tradeshows and events to generate leads and build the brand
Conduct initial discovery calls and webinars with prospective franchisees
Qualify prospects through comprehensive discovery process, including face-to-face meetings, financial analysis, and review of business experience
Manage the franchise sales pipeline, tracking progress and forecasting conversions
Negotiate and execute franchise agreements
Provide ongoing support to new franchisees during the pre-opening phase, including site selection assistance, build-out guidance, and marketing support
Work closely with the franchisor’s legal counsel to ensure compliance with state and federal franchise disclosure laws
Maintain up-to-date knowledge of industry trends, best practices, and competitive landscape
Prepare periodic reports for senior management on franchise sales activity and pipeline
Required Skills and QualificationsBachelor’s degree in business, marketing, or related field
7-10 years of experience in franchise development, sales, or related field
Proven track record of meeting or exceeding performance goals
Excellent written and verbal communication skills
Strong organizational and time management skills
Proficient in Microsoft Office suite, with aptitude to learn new software and systems
Preferred Skills and QualificationsMaster’s degree in business administration or related field
Experience working in the franchising industry
Certification from the International Franchise Association
Knowledge of federal and state franchising laws and regulations
Familiarity with international markets
Similar Jobs
Business Development Manager
Development Director
Franchise Operations Manager
Franchise Business Consultant
PREVIOUSWhat Does a Director Of Health And Wellness Do?
BACK TO CAREER DEVELOPMENTNEXTWhat Does an Insurance Case Manager Do?
Career InsightsWe're committed to being your source for expert career guidance. Come to us in your pursuit of success.

You may also be interested in...
CAREER DEVELOPMENTWhat Does an Interpreter Do?
Career InsightsNov 4, 2022CAREER DEVELOPMENT16 Director Of Client Services Skills for Your Career and Resume
Career InsightsAug 6, 2022CAREER DEVELOPMENTWhat Does a College Basketball Coach Do?
Career InsightsNov 2, 2022CAREER DEVELOPMENTHow To Become a PC Technician: Step-by-Step Guide
Martin YateOct 6, 2022

Terms And Conditions
Privacy Policy
DMCA
Contact Us

Copyright © CLIMB All Rights Reserved.

Exclusive Member of Mediavine Food

Job Type: Full-time

Salary: ₹13,978.18 - ₹51,943.16 per month

Benefits:

  • Commuter assistance

Schedule:

  • Day shift

Supplemental pay types:

  • Overtime pay

Ability to commute/relocate:

  • Varanasi, Uttar Pradesh: Reliably commute or planning to relocate before starting work (Required)

Experience:

  • total work: 1 year (Preferred)
   
Apply

There is something wrong with this job ad? Report the error