Franchise Business Development Executive
4 weeks ago
- Formulate and execute a comprehensive franchise growth strategy in order to aim and achieve aggressive expansion targets.
- Lead the end-to-end business development process by identifying and engaging with potential franchisees through networking, market research, and business/trade conventions in the targeted markets.
- Pursue relationships with potential franchisees by passionately and confidently representing the Jumpino brand, guiding them through the Franchise Discovery process, and responding to inquiries.
- Continuously build rapport and effectively convey Jumpino brand franchise opportunities to customers and businesses in the market by calling and connecting through different print and electronic media.
- Work on brand visibility and management techniques by identifying maximum impact points for representation at trade and industry events, conventions, seminars, and conferences.
- Enhance local and regional franchise model expansion by studying and analyzing the specified market, identifying prospects, reviewing demographics, evaluating site selection analysis, and qualifying potential franchisees.
- Prepare franchise area strategy, forecast business variances, and formulate the annual business plan.
- Conduct negotiations with selected franchisees by preparing business deal recapitulations, pro-forma projections, drafting the LOIs, coordinating for approvals, re-verifying the understanding of agreement clauses, and monitoring status and quality.
- Handle the sales process from initial request to contract execution, including discovering and hunting new franchisees, potential pipeline, and the complete procedure.
- Develop and refurbish the complete franchise sales processes and materials, presentations to effectively deliver the values of the proposition to build relationships with the Jumpino brand.
- Perform due diligence related to legal, operational, and financial analysis for potential businesses and customers to be onboarded as franchisees, ensuring alignment with Jumpino brand's requirements.
- Develop a database and records of leads, including B2B or B2C along with the franchise development model and activities.
- Proactively monitor changing trends and competitor corporate structures in local and regional markets to adapt vigilantly for market competitiveness.
Qualifications & Skills:
- Minimum Bachelor's degree (Business, Marketing, or related field).
- Proficient in using MS Office Suite with exceptional Excel and PPT skills.
- Must be bilingual (Arabic, English); additional languages are a plus.
- Minimum 5 to 7 years of relevant industry experience.
- Proven success track record in franchise sales, preferably in the Hospitality & Entertainment industry.
- Knowledge and understanding of legal, operational, and financial aspects of franchising models.
- Able to engage, influence, and guide highly capitalized individuals and organizations in exploring the complete franchise model.
- Solid knowledge of Business Development, Relationship Management, Accounts Management, Sales Leads, Financial Planning, and Risk Management.
- Exceptional communication, negotiation, and interpersonal skills.
- Pleasantly presentable with self-motivation and result orientation.
- Able to work independently as well as part of a team to deliver top-tier business and revenue outputs by supporting and leading.
- Willing to travel as required for events and franchisee meetings.
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