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Paul Pickett VP of Franchise Development
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284 Operating Units and 6 Additional “Coming Soon” 15% - Multiple Stores - 41/284 2012 Average Unit Volume: $475,000 2013 Average Unit Volume Trending at Over $525,000 2012 Owner’s Cash Flow: $61,000 2013 Owner’s Cash Flow: Estimated at Over $75,000 2013 - #16 in FBR Satisfaction Survey Start Up Costs: $96,997 - $165,295 Closure Rates: 2010 - 2%, 2011 - 1.5%, 2012 -.7%
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Pipeline Catalyst via Process Peak Step 1 – Application and Motivation Call - Financing Conversation Step 2 – Validation: Store Visits, FSO Calls and FBR Survey Step 3 – FDD Disclosure Step 4 – FDD Discussion, Business Plan Example Access & Financing Tools Step 5 – Business Plan Text Review and DISC Profile Step 6 – “Join the Flock” Day
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Bird Feeding Hobby Enthusiast $200,000 Minimum Net Worth $25,000-$35,000 Liquid Assets Previous Experience with the WBU Brand Lifestyle Is As important As ROI
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1 (3% each) 6 (18%)
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1 (3% each) 7 (21%) 2 (6% )
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1 (1.25% each) 8 (12%) 2 (3% )
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Existing Franchisee Referral Program No Portals Other Than FBR Pay-Per-Click 2012 Small Birding Magazine Effort Tried Google Pay-Per-Click in 2011 and 2012 Small Budget, 25-30K, Including FBR Survey Costs and Process Peak Hosting Costs Just Completed Targeted Marketing Strategy, 5800 Contacts in Target Markets, Met Hobby and Financial Requirements Working Closely with Fishman PR
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“Franchise Development is No Longer a Numbers Game” - Bob Gappa We Have a Strong Process - Could Always Be Improved We Need More Leads From Target Markets Growth from Within
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