Dive into the intricate world of multi-brand franchise ownership and succession planning with our video series featuring franchise industry experts Jeff Bannon, Greg Sisa, and Nate Riordan. Whether you’re a seasoned multi-unit franchisee, a family business owner, or anyone keen on successful succession planning, this series offers invaluable insights and strategies to secure the future of your franchise empire.
In this episode, learn the art of strategic decision-making, ownership structuring, and financial considerations crucial for multi-brand franchisees. Explore challenges faced by franchisees and gain expert tips from seasoned succession planners and legal experts.
Delve into effective ownership and management strategies tailored for multi-brand franchisees. Discover approaches to building cohesive organizational structures, empowering key individuals, and aligning growth strategies with a clear vision.
Tackle the challenges of finding qualified next-generation successors. Explore setting clear roles, understanding franchisor approval, and adapting to evolving business complexities. Learn to bridge generational gaps and ensure seamless transitions for your franchise operation.
Gain insights into lease management complexities, including avoiding personal guarantees, coterminous agreements, and preventing family conflicts. Learn to align leases with your growth and succession plans, safeguarding your franchise’s market value.
Explore strategic business structuring, right of first refusal, and collaborative planning. Understand the importance of separating operations and real estate entities, empowering difficult conversations, and securing the future of your franchise.
Delve into unique estate planning challenges faced by franchisees. Explore identifying qualified successors, setting clear expectations, and streamlining estate management using tools like revocable living trusts and pour-over wills.
Discover the role of trusts in franchise ownership and succession planning. Learn about trusts as estate planning tools, challenges faced by franchisees, and the emotional aspects of transitioning control. Understand the significance of advisor expertise and collaboration.
Explore coordinated planning essentials, control in franchise compliance, and the team-based approach in succession planning. Understand the direct link between the predictability of future profitability, value preservation, and successful succession. Gain insights into navigating franchise approval processes swiftly and effectively.
The Rawls Group can help you with insights and other resources and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas to apply to your business immediately.