Franchise Talk with Tereza Murray

I often say to business owners that they can have the best operating model in their industry, but if you can’t attract franchisees, there is no point in franchising.

Tereza gives advice to trades or service business owners considering franchising.

This topic really frustrates me, I often speak to business owners that Have been advised by a consultant, mentor or ‘expert’ that to franchise their business successfully, they need to employ franchise managers and BDM’s from the get-go.

In this episode, I cover some of the common fees we see in franchise systems and their ranges.

In this episode, I talk about the cost difference between growing your business through an employee model v franchising. I also give my take on when is the right time to franchise/grow your business.

In this episode, I chat with Angie Flemming and Dawn Englebrecht two successful Business Brokers with special expertise in franchise sales.

Angie's extensive franchise background includes being an integral part of launching one of Australia’s fastest-growing franchises which ultimately resulted in her involvement in literally thousands of franchise sales globally. Angie is based in Queensland's Sunshine Coast. angie.flemming@linkbusiness.co.nz

Dawn is the Franchise Association of New Zealand's current Chairperson, a position well-deserved through her substantial leadership roles globally across several highly successful franchise brands. Dawn has particular expertise and knowledge in the day-to-day nuances between single unit and multi-site franchisees; Dawn is based in Auckland. dawn.engelbrecht@linkbusiness.co.nz

Tune in to hear Angie and Dawn cover the following topics

• How the business sales market has changed since Covid
• How the labour shortage and ‘brain drain’ is impacting business sales
• How Covid has influenced the type of business buyers want
• 3 key things franchisors should do to attract franchisees
• The biggest mistake business owners make when selling a business
• Best time to sell your business

A common misconception about franchising is that the owner loses control of their business....the opposite is in fact true.

In this episode, we look at what factors influence buyers when considering a franchise opportunity. Understanding your value proposition will be key to attracting franchise enquiries. It's not as complicated as you may think!