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Fractional CMO Services & Marketing Audits

F2 Advisory helps franchise and multi-location businesses assess marketing performance, identify gaps, and prioritize improvements in strategy, spending, and departmental structure.

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Summary

  • Marketing audits for franchise and multi-location businesses.
  • Strategy, budget, and team structure assessments.
  • Fractional CMO leadership and actionable marketing plans.
  • Implementation guidance across teams, vendors, and operations.

Overview

F2 works with franchise and multi-location businesses to evaluate marketing effectiveness, uncover shortcomings, and determine where to strengthen strategy, allocate budgets, and refine team structure. Through marketing audits and fractional CMO leadership, Lorne works with executives to develop actionable plans, guide implementation, and align marketing teams, vendors, and operations around measurable business goals.

Services include

  • Marketing strategy, messaging, and competitive assessments
  • Digital, social media, and local marketing reviews
  • CRM, lead management, and conversion analysis
  • Marketing budget, advertising fund, and vendor evaluations
  • Marketing department structure and franchisee support
  • Strategic playbooks, implementation oversight, and performance reporting

Common questions

What does a marketing audit cover?

A marketing audit varies based on the franchise and its marketing sophistication. Typically, the audits are conducted by companies that are in a leadership transition and do not have a senior marketing executive in place. The audit reviews all aspects of marketing: consumer and franchisee recruitment, agency partnerships and department structure.

What is a fractional CMO?

A fractional CMO is a senior executive that serves as a company’s chief marketing officer on a consulting basis. Typically, fractional CMOs are engaged during a leadership transition or the company is too small to have a full-time CMO.

What type of company would need a fractional CMO?

Typically, a company would engage a fractional CMO if one has recently left or it is in a leadership transition. Also, smaller companies that cannot afford a full-time CMO may engage a fractional leader.

Key terms

Advertising fund
An advertising fund is created by franchisees paying a percentage of sales each month for its consumer marketing. It can range from 1% up to 5%. Pooled franchisee contributions managed by the franchisor for system-wide marketing.
Strategic playbook
The fractional CMO would build a strategic playbook after a thorough marketing assessment is completed. The playbook may be for new location openings or ongoing local store marketing.