If you’re a new franchisee contemplating a franchise store remodel, here are a few strategies to get the most out of your budget.
As a franchisee, remodeling your store can be an exciting opportunity to give your business a fresh look, attract more customers, and increase sales. However, it can also be a daunting task, especially when it comes to budgeting. As a commercial contracting company that specializes in retail franchise renovations, we understand the challenges of franchise store remodels. That’s why we’ve put together some strategies to help you get the most out of your budget.
Stay local
Ordering from vendors based in North America can prevent costly delays due to shipping and customs. It’s important to work with a contractor who has connections and knows how to source local supplies whenever possible. This not only saves time and money, but it also supports the local economy.
Connect with your community
Franchise organizations that operate their own stores have experience with remodels, so it’s essential to find and connect with other franchise owners to discover potential pitfalls, timesavers, and effective workarounds that worked for other franchise store remodels in the past, specific to your brand. This will help you avoid common mistakes and ensure that your remodel runs smoothly.
Consolidate with a one-stop shop
Working with a one-stop-shop contractor can help you manage all the moving parts of your remodel. Dealing with many stakeholders can be overwhelming and lead to miscommunications, causing delays and cost overruns. Hiring a contractor that can manage all aspects of the project, from architectural drawings to engineers, permits, and the building trades ensures that no time or money is wasted because of miscommunications.
A franchise store remodel can be a daunting task, but with the right strategies, it can be a successful investment in your business. At HI-Performance Construction, we have experience working with franchisees to remodel their stores while staying within budget. Contact us today to learn more about our services.