The Essentials Franchise Awarding and Opening Progress dashboard in FranConnect provides a comprehensive view of your franchise awarding and opening progress, helping you track key performance metrics and trends. From high-level KPI cards to detailed tables and visual graphs, this dashboard offers insights into awarded franchises, forecasted revenue, actual openings, and development progress. By reviewing these components, you can monitor performance, identify trends, and make informed decisions to drive your franchise growth strategy.
Franchise Awarded: Overview
Franchise Awarded KPI Cards
The "Franchise Awarded KPI cards" give you basic KPIs about your franchise awarding and opening progress. Let's take a closer look at each card:
- Number of Franchise Awarded: Displays the number of leads with both, a "Closed" status, and the "Franchise Awarded" flag enabled
- Forecast Revenue: Displays the total forecasted revenue from leads that have been awarded franchises
- # of Locations: Displays the total number of franchise locations awarded to leads
Number of Franchise Awarded Graphs
The "Number of Franchise Awarded" graphs show different details about the number of franchises that have been awarded in your network. Let's take a closer look at each graph:
- Number of Franchise Awarded by Lead Owner: Displays the number of franchise awarded leads assigned to each owner
- Number of Franchise Awarded - Monthly Trends: Displays monthly trends of franchises awarded along with the revenue forecast from them
Actual Openings Graphs
The "Actual Openings graphs" provide you with data about the actual openings that have occurred in your franchise network. Let's take a closer look at each graph:
- Actual Openings vs Expected Openings - Current Year: Displays a comparison of actual unit openings versus expected unit openings in the current year
- Progress By Actual Opening - Current Year: Displays a comparison between the number of active units and the total actual units (sum of active and in-development units) in percentage
- Actual Vs Expected Initial Franchise Fees: Displays the forecasted revenue from leads vs. the actual revenue they paid in Initial Franchise Fees
Franchise Awarded Details
The "Franchise Awarded Details" table displays key details about every lead with whom franchise deals have been signed. The information captured includes:
- Name
- State
- Country
- Inquiry Date
- Lead Owner
- Lead Source Detail
- Franchise Awarded Date
- # of Locations
Number of Locations Sold - Monthly Trend
This table displays the monthly trends of locations opened across various divisions/brands.
Development Status
This table displays the number of actual and projected franchise openings. The information captured includes:
- Total Locations Sold
- Projected Openings
- Actual Openings
Conclusion
By leveraging the Franchise Awarding and Opening Progress dashboard, you gain a clear and detailed picture of your awarding and opening activities, from initial deal closures to actual unit launches. With its combination of KPIs, trend analyses, and detailed records, the dashboard enables you to measure progress, assess revenue potential, and track development goals effectively—ensuring your franchise network stays on target for growth and success.