OsteoStrong has developed and tested a robust 120 Step Franchise opening program for new Franchisees.
Essentially the process involves the following key stages.
- Application & Profile
You will be required to fill out an application form and undergo a compatibility assessment. This process is designed to evaluate your alignment with OsteoStrong’s core principles, values, mission, and your competencies, as well as to determine your financial readiness for managing a franchise. This thorough evaluation ensures a mutual fit, fostering a successful partnership.
- Understanding the Business Model
Successful applicants will receive a comprehensive business model and a detailed cash flow template. This resource is designed to provide an in-depth understanding of the operational mechanics of an OsteoStrong business.
It will enable you to construct a tailored cash flow projection, helping you grasp key financial concepts such as breakeven points and return on investment (ROI). This approach ensures that you have a clear and realistic picture of the financial dynamics and potential profitability of your franchise.
- Meet Our Team
During the meet the team sessions you will have the opportunity to interact directly with the OsteoStrong Australia Management Team. This is an ideal platform for you to inquire and learn in-depth about the franchise’s operations.
This interaction is designed to provide you with clarity and insight, ensuring you’re well-informed about all aspects of owning and operating an OsteoStrong Centre.
- Due Diligence
As part of your due diligence process, you will be provided with essential documents including the Franchise Agreement, Franchise Disclosure Document, Franchise Code of Conduct, and a list of current Franchisees.
These documents are crucial for a thorough understanding of your legal, financial, and operational aspects, ensuing you are fully informed before making your decision.
- Meet the Australian Master Franchisor
After successful completion of your due diligence, you will have the opportunity to meet the Australian Master Franchisor. This meeting serves as a final review and endorsement of all your efforts and accomplishments in the process so far.
Following this, the Master Franchisee will officially grant you the rights to establish your own OsteoStrong franchise, marking a significant milestone in your journey with OsteoStrong and as a franchisee.
- Franchise Agreement, Payment of Franchise Fee, and Purchase of Equipment
You are now ready to join our team and sign the Franchise Agreement.
The full Franchisee Fee and the equipment invoice is now required to be paid and orders are placed with suppliers. This begins the 26-week opening program.
- Site Selection, Centre Design and Training
The process of selecting the site, designing the centre, determining specifications, and conducting franchisee training begins in full swing, meticulously following the established 26-week opening plan. This systematic approach ensures a harmonious and efficient progression towards the centre opening, with each step carefully aligned to meet the agreed-upon schedule and standards.
- Centre ownership/lease and Fit-Out
The internal fit-out and signage for the Centre are being meticulously planned and initiated, aligning seamlessly with the 26-week plan set for the opening. This crucial phase of fit-out is undertaken under a contract and financed by the franchisee. Throughout this process, they receive valuable assistance and expert advice from Osteostrong Australia to ensure a successful and timely completion.
- Grand Opening and On-going Support
Upon the successful conclusion of the initial 26-week program, contingent on the finalisation of the centre’s fit-out, the delivery of equipment, and the completion of training, the new Centre proudly opens its doors for business. This momentous occasion is marked by setting a date for a Grand Opening celebration, commemorating a significant milestone in the franchisee’s journey.
After the opening, a comprehensive second 26-week post opening support program is launched to guide the new franchisee and staff. This program is meticulously designed to guide them through the intricacies of owning, operating, and growing their new business, ensuring a smooth transition and a strong foundation for their entrepreneurial venture.