Retail Franchising Coordinator processes franchise applications, explains franchise policies and procedures to new franchise owners and applicants, and coordinates necessary licensing. Analyzes and verifies franchise agreement information, provides data necessary to secure business licenses. Being a Retail Franchising Coordinator ensures all documentation is prepared correctly and is complete. May require an associate degree or equivalent. Additionally, Retail Franchising Coordinator typically reports to a supervisor or manager. The Retail Franchising Coordinator works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Retail Franchising Coordinator typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
Job Summary
Respond to all inquiries from individuals wishing to obtain a domestic franchise (Traditional, Small Town & Transfers). Responsible for screening potential candidates and reviewing/analyzing the basic requirements for franchising opportunities. The position is also responsible for maintaining certain data regarding number of inquires, qualified leads and signings. In addition, the position is responsible for managing the lending solution relationships and updating & distributing a list of outside institutions interested in offering financing to franchisees (both new and existing).
Duties and Responsibilities
Receive and respond to all domestic franchise inquiries.
Coordinate and mail applications, requirements and information packets.
Pre-qualify all prospects. This includes analyzing data on financial statements to verify adequate capital, restaurant experience and business experience.
Review and analyze Business Plan Outlines with prospect. Gather completed information and determine whether to forward completed business plan to the Franchise Business Partner.
Order credit/criminal checks on potential franchisees as needed.
Research and prepare demographic studies on existing or emerging markets as needed.
Manage the franchising database and run reports from the system as needed.
Maintain certain data regarding number of inquiries, qualified leads and signings.
Manages & maintain franchise sales website data.
Manage relationships with third party lenders.
Manage the development of the lenders list.
Other assignments, projects and analysis will be requested.