Depending upon the type of franchise, real estate can be cornerstone of success for franchisees, profoundly influencing their profitability and long-term viability. The franchisee’s real estate process involves a series of vital tasks that require close collaboration with the franchisor to ensure alignment with brand standards and objectives. 4siteRE supports franchisees through this collaboration and beyond so that development goals are achieved or surpassed.
Franchisee Services
Interpreting Development Agreements: Franchisees work with their franchisors to define their development agreements, which outline the terms and conditions governing site selection, construction, ongoing operational requirements, and development milestones. 4siteRE supports franchisees in negotiating and interpreting development agreements so that each of these milestones can be reached on budget and on schedule.
Advising on Site Selection Criteria: 4siteRE guides franchisees and their brokers in applying the brand’s site criteria to markets within their development area/s. We often review additional attributes resulting in more data points and better qualified sites.
Site Reviews: 4siteRE conducts a detailed reviews of, and recommendations for, all sites submitted by franchisees, their brokers, and other sources. Applying relevant software and our internal collaborative approach, we deliver reliable site assessments and identify potential risks to support franchisees’ decision-making.
Real Estate Committee: Brands often rely on franchisees to assess and defend the worthiness of their own sites. 4siteRE can complete site submission packets and/or represent and present sites to Real Estate Committees to demonstrate the thoughtful alignment with the brand’s vision.
LOI and Lease Negotiations: 4siteRE supports franchisees, and brokers in negotiating letters of intent. We also provide support to legal counsel to double-check that business terms and favorable clauses are captured or negotiated in leases.
Introduction to Construction: 4siteRE can introduce franchisees to the construction process with its affiliate construction managers. This step is essential to understanding the timing, and costs associated with planning, design, permitting, site work, and construction. 4siteRE can coordinate the complete build-out of locations according to brand specifications.
Ongoing Administration and Adherence: After the start of operations, franchisees must adhere to the terms of their leases and their development agreements. This may involve escrow reconciliations, planning for rent increases, meeting option deadlines, complying with refresh or other requirements, or planning for additional sites. 4siteRE offers complete contract administration services freeing franchisees to focus on the quality of their operations, with a supportive eye on future growth and budgeting.
4siteRE's role in the franchise real estate process is pivotal for franchisees as it directly affects location success and overall profitability. The real estate process involves a series of interconnected tasks that require collaboration with the franchisor to ensure that sites are strategically selected, constructed, and operated in-line with the brand's vision and requirements. This collaboration is essential for franchisees to thrive in the competitive world of franchising. 4siteRE ensures this collaboration is complete and seamless.