Focused on your bottom line.
One of the key benefits to our Archadeck franchisees is the ability to leverage the best practices from across our franchise system to improve the profitability and efficiency of your local operations. You’ll be able to compare the financial performance of your office to that of your peers within Archadeck, and our franchise support team will help you target specific areas for operational improvements.
A recent Bain and Company survey indicates that 84% of U.S. businesses use some form of comparative benchmarking data to help manage their operations and it is widely viewed as an accepted “best practice.”
That is why all Archadeck offices participate in our annual financial benchmarking program. This detailed report provides comparative benchmarking data to help you measure the financial performance of your business in the following categories:
- Gross profit and net profit margins
- Expense management (cost of materials, labor and overhead)
- Owner compensation and business profitability
- Employee productivity
- Asset productivity (effective use of cash)
The idea is for our franchise owners and franchise support team to use the information as a tool to assist our franchisees in setting goals and priorities for their businesses and improving bottom line results. The data is also extremely valuable in providing parameters for creating annual budgets, making long-term business plans and providing information to raise capital through banking relationships. The data can also help justify a future selling price should you someday decide to sell your business.Next: Franchisee Validation