Client Challenge
Everything about the client is designed to exceed the customer’s expectations, however, the client had a franchisee in Florida that was experiencing problems with the management, operations, and investment structure as it related to their stores. This franchisee was lacking the management and financial leadership to make the changes necessary to ultimately protect investors and develop successful locations.
Adventum Solution
At Adventum, we believe that it is often helpful to step outside of a business and look at it from a different perspective. The fresh eyes of a new group of people can be just the thing to help an existing business flourish. Because of our unique visibility across a multitude of industries, we provided a unique perspective, and, with comprehensive modeling of the client’s existing business, we provided a clear path forward.
To develop a successful location, Adventum analyzed the client’s past and present situations and worked with the CEO to change the leadership style at the stores, stabilize the existing stores and develop 4 new locations. We restructured the investment, communicated these changes to all the investors, and ultimately protected all investors from losing their investment.
Result
The franchisee opened 7 stores that maintain some of the highest sales in the system and were ultimately purchased by the franchisor due to this success.
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