Archive for the ‘Franchisee Resources’ Category

Goddard Systems’ VP of Marketing, Paul Koulogeorge shares three key insights along with actions to help business owners market to the Millennial generation.

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The Goddard School, with 460 locations and counting, has been listed as one of twenty emerging brands exhibiting at the 2017 International Franchising Expo.

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Jim DiRugeris, Vice President of Franchise Development at Goddard Systems, explains how he evaluates and applies customer data during the franchisee recruitment and development process.

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  How Goddard Systems Is Using Data To Improve Franchise Development

Jim DiRugeris, vice president of Franchise Development for The Goddard School Franchise, provides insight on how to responsibly navigate a growing franchise.

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Small Business Financing Made Easy

Tuesday, November 17th, 2015

Accessing capital for a new business can be an unfamiliar territory in the start-up process, so it’s not surprising when new franchisees have questions. Outside of securing home mortgages, many people have not had experience with commercial lending, much less government-backed loans from the Small Business Administration (SBA). This is one reason having the support of an experienced franchisor like The Goddard School Franchise can help make obtaining financing easier than navigating the finance process alone.

The Right Support

Without the right support, knowledge and guidance, the commercial lending process can be tedious. The Goddard School Franchise conducts an internal financial pre-approval screening so prospective franchisees are not awarded a license unless we feel confident that they will be financed. After an approved prospect enters into an agreement with The Goddard School Franchise, they work with the Real Estate Department to decide whether to lease or purchase a building. A member of the Franchise Finance team is available to review the finance options for both. After the site is secured, our team guides the franchisee through every step of the finance process. We explain commercial lending practices, offer resources and contacts, answer questions, provide insight and feedback and serve as a liaison between our franchisee and the lenders.

The Goddard School Franchise’s Franchise Finance Department addresses questions, provides guidance and communicates directly with the lenders to help avoid surprises along the way. We want our franchisees to have the same confidence in their loan as they do in The Goddard School brand.

Our Franchise Finance team creates an allocation of funds for each project; provides necessary templates, such as business plans and projections; directs franchisees to financing sources; reviews loan proposals and commitment letters to ensure the loan is structured properly, covers all project costs and offers competitive terms; and assists with the loan closing. This support can definitely help the finance process go more smoothly.

The Right Resources

Due to the record demand for childcare and The Goddard School Franchise’s success, reputation and unrivaled support, The Goddard School system is an approved franchise concept for many national and local lenders. We also meet the criteria for SBA eligibility, and our Franchise Finance team has great relationships with many national SBA lenders. We have one main contact with each lender who is already familiar with our model and lending needs.  Most of these lenders are part of the SBA’s Preferred Lender Program, which allows them to approve SBA loans in-house. These valuable relationships result in competitive terms and a streamlined process for our franchisees.

The Goddard School Franchise makes the financing process easy for our franchisees by providing great resources, a strong business model, superior support and knowledgeable employees. We pride ourselves on finding the right lender and terms for each franchisee, and we look forward to working with prospects who are considering joining The Goddard School family!

 

The beauty of The Goddard School franchise model is that franchisees go into business for themselves, not by themselves. Our support team of knowledgeable professionals assists franchisees in the following areas.

  • Real Estate and Construction – No matter where Goddard School franchises are opened, we are there to help guide franchisees through the process. A Real Estate Representative assists in locating a suitable site, while a Project Manager assists with the development and construction phases;
  • Finance – Our finance team ensures that the loan process for each franchisee goes as smoothly as possible. There is one point of contact at each financial institution who knows The Goddard School inside and out. This means that each franchisee works with an experienced professional who has helped many other Goddard School franchisees;
  • Operational Support – Franchise Business Consultants (FBCs) from our Field Operations team regularly visit Schools and check in with franchisees to provide ongoing support. Each FBC is also available via email and phone to assist franchisees. A team of trained experts guides each franchisee through the opening process as well;
  • Training – Think you need education experience to open a Goddard School franchise? Think again. Our team teaches franchisees the skills they need to operate a high-quality preschool. Designed specifically for Goddard School teachers and directors, Goddard Systems University (GSU) provides ongoing training and faculty development;
  • Quality Assurance – To help reinforce the training GSU provides, our Quality Assurance (QA) team regularly reviews each School’s procedures and program performance. It also offers guidance on how to continuously improve each School for the benefit of the children and their families;
  • Marketing, Advertising & PR – Getting word out about The Goddard School is crucial for lead generation and enrollment. Our Marketing, Advertising & PR department develops the marketing and advertising materials to help franchisees create awareness of their Schools through radio, television, search engine marketing and more;
  • Information Technology – The Goddard School Franchise encourages the use of computers to keep track of School records, and many of our tools for franchisees can be found online. Our IT team will help you with any computer-related questions or issues you might have, and our in-house Help Desk provides hands-on, continual support via phone and email.

 

A recent article in The Huffington Post featured Dr. Jack Maypole’s advice for helping children get a good night’s sleep. Dr. Maypole serves on The Goddard School’s Educational Advisory Board, which is one of the many resources that GSI provides to support its franchisees. Read the full story here.