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Franchising is one of the most popular business models today. It has many benefits to assist in the growth of a business, and the structures of it are vital to its success. If those are not detailed in the early stages, with sufficient flexibility to improve the systems in the future a business can be put at risk unnecessarily. If you are expecting people to invest in your business by buying a franchise, it needs to have the solid backing and structure to satisfy the potential purchaser and their advisers.
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 Not all businesses lend themselves to a franchise model. Some may be better having company owned and managed outlets, others operating a license and others under the Franchise model. Which suits your business best is often a matter of personal preference and how you see your involvement going forward. |
I can assist you to work through the options and put together a plan to go forward. The process of building a solid franchise system is not limited to the hands on professional assistance and advice I give, but involving accountants and solicitors that have that "franchising knowledge". Understanding how a franchise works is vital to getting the right advice from an Accountant or Solicitor. Well presented documentation, systems, business plans and budgets are essential when seeking the support of your bank. |
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| "After 21 years in the New Zealand Police I ventured into the Franchise Industry. My wife Trudy and I bought a Master Franchise which we operated for the first 3 to 4 months as a Franchisee, then we concentrated on our Master Franchise. Between 1994 and early 1999 we set up 18 Franchises in Dunedin City and surrounds as well as Master Franchises in Invercargill, Gore, Central Otago and Queenstown Lakes. We then assisted those Masters with the establishment of a further 12 Franchises. | ||||
 In
1999 the opportunity arose to "buy the
whole Company". We did that and became
the Franchisor of Mr Green Home Services.
From when we purchased
the Business until we sold it in May 2006,
we grew the Business by over 80% and increased
its income at all levels by almost 100%,
making it the eighth largest Franchise in
New Zealand. Our policy was always to put
our Franchisees first and to make every effort
to achieve
that. During the time we owned Mr Green,
we were directly involved in the sale and
resale
of over 80 Franchise Movements." |
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Richard Smith, Director |
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I am pleased
to be associated as a Franchise / Business
Broker with  |
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I can:
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