Owning a franchise doesn’t stop at operations and management. As a potential franchise owner, you will become part of an existing franchisee network, allowing you to share insight and knowledge with others. However, some franchisors go the extra mile by joining franchise associations. But what are the benefits of choosing a franchise as part of an association?
What is a Franchise Association?
It’s a group or network of franchisors or franchisees that provide growth and learning opportunities via a membership. Members can join events and access suppliers or resources to make their franchises successful.
Examples of Franchise Associations
International Franchise Association (IFA)
World Franchise Council
Coalition of Franchisee Associations (CFA)
American Association of Franchisees and Dealers (AAFD)
European Franchise Federation
Asia Pacific Franchise Confederation
Some franchise groups have associations, such as Dunkin’ Donuts, 7-11, and Burger King. But why do some franchisors create their own associations, then join bigger ones?
For example, Dunkin Donuts, 7-11, and Burger King created their associations to protect business interests.
But the Dunkin Donuts association started in 1989 during a hostile takeover of the investment community. Meanwhile, the Burger King and 7-11 associations are committed to supporting its growing franchise network. And they want to become the main source of information, vendor support, and advocacy.
Franchisor Benefits
Most franchise associations provide more benefits to franchisors. If you want to know what perks franchisors get, here’s a list from the IFA:
Continuing education
Events
Franchise mentoring and networking
Certification: Certified Franchise Executive
Spot on the Franchise Directory and Franchise Opportunities Guide
Expo and event sponsorships
Franchise Supplier Directory
Franchise Government Relations
Industry info, research, and publications
Partnership access – legal and financial
Advertising
What Are The Franchisee Benefits?
Although franchisors get the actual benefits of being part of associations, franchisees, in extension, get perks too. Here are examples from the IFA, AAFD, and CFA.
International Franchise Association
According to the IFA, here are the advantages you could get:
Gain insights into the latest franchise trends from experts
Build relationships
Get representation in programs and activities
Access to their Preferred Partner Vendors
Connect and learn with others with Franship
American Association of Franchisees and Dealers
Meanwhile, the AAFD has various benefits, depending on your membership type.
Franchisee Chapter Membership (One-time initiation fee at $95; $37/mo):
Tax exemption
Financial management
Bylaws
Strategic planning
Peer-to-peer networking
Virtual office
Buying power
Health benefits
Association Membership (starts at $2000):
Education
Support programs and advocacies
Discounted rates on meetings, affiliate memberships, and suppliers
Associate Membership:
Access to tools
Free initial consultations and discounts
Get newsletter and email updates about the AAFD
Support from the AAFD
Increase buying power
Affiliate Membership (starts at $79):
Health benefits
Discounts
Networking
Advocacy
Legal support
Industry updates
Education
Coalition of Franchisee Associations
Like the AAFD, the CFA has various membership options, but theirs is tiered. Here are the benefits of being part of the CFA:
An Individual Franchise Member ($100) gets the latest on legislative bulletins, issue updates, activities, and action alerts. Plus, they can pay the member rate on the CFA Day Forum.
Meanwhile, the Executive Franchisee Member ($1,000) has the following perks:
Invitation and participation in board meetings
Get updates on issues and activities
Pay the member rate on the CFA Day Forum and Legal Symposium
Finally, the Franchisee Association Member ($4,000 + $1,000 quarterly payments) has all the benefits of an Executive Franchisee Member. However, there are other benefits to this tier:
With all this talk about franchise associations, should you choose a member franchise then to get all these perks? The answer depends on you. A franchise association can provide the benefits mentioned above for franchisors or franchisees. However, it’s up to you which franchise you want to own.
Each franchise, regardless of their membership status, has its own benefits. You can start this process by researching your preferred franchise and submitting your applications.
List of Some Member Franchises in the IFA
Jiffy Lube
Glass Doctor
Tire Pros
iHOP
Zaxby’s
Subway
Taco Bell
Smoothie King
Pool Scouts
The Maids
List of Some Franchise Chapters in the AAFD
Anytime Fitness
F45 Training
Pearle Vision
Tutor Doctor
BNI
Denny’s Franchise Association
Saladworks
Key Takeaways
Being a franchise owner gives you opportunities to grow your business and become a leader. Sure, there are fees involved in becoming a member, but benefits, like continuous learning, certifications, and discounts, can be enticing to grow your franchise. In the end, it’s up to you if you want to join franchises with established associations or that are association members.