Franchise Everything

Ep6 Lili Shi, Gong cha Australia, Master Franchisee. Franchise Business Leader

Opening 150+ Gong cha stores in the Australian market basically under the radar of the franchise sector. The remarkable entrepreneurial journey of Lili Shi who has spearheaded the growth of the Gong cha bubble tea brand in the Australian market. In 2010 Lili had a franchised crepe business with 4 locations, with a brand she imported from Japan. The jump into that business was spring boarded by her partners bankruptcy and subsequent marriage breakdown, seeing Lili look to business as a way forward with stability. A request from the Adelaide crepe brand franchisee to range bubble tea in his location via a co-branding set up, was a light bulb moment for Lili. In 2011 there were only 2 main players in the bubble tea market in Australia. While still running her crepe business location in Sydney, Lili watched on with one of those brands open across from her with the demand for bubble tea growing in front of her. Deciding bubble tea was the future for her, Lili set out on a journey to find the best quality product she could find, which she surmised was in Taiwan. Convincing an already established brand to take a risk on a person with limited resources to grow the brand, compared to others who wanted it, Lili managed to convince Gong cha International to sell her the licence to the Australian market. And more than 150 locations later, here we are... Podcast Produced by:  www.magneticbusinessmedia.com.au Franchise Stories and Knowledge Base (our other website):  https://:www.franchisebuyer.com.au

Ep5 Franchise Pre-Purchase reviews with Kate Groom. Franchise Supplier Support.

Independent experts to personally and thoroughly review your franchise outlet purchase about whether your going to make any money BEFORE you buy it. That's the value proposition provided by Kate Groom and her business partner Peter Knight at Franchise Accounting and Tax, to would-be franchise outlet owners, which Kate talks about in detail in this episode. There is no doubt that many buyers of franchises put a lot of decision-making weight in the brand name they are buying, and often make a lot of assumptions about the business. Their Franchise Pre-purchase Review is part of the franchise due diligence for franchise buyers. It helps buyers understand the cost structure of the business they are looking to buy, and from that they can work out what sort of sales need to be achieved to make a living and repay the debt. From that it forms the basis for a conversation to be had about the financial prospects of the business with all involved. It's a key first stage part of the financial due diligence. Podcast Produced by: www.magneticbusinessmedia.com.au Franchise Stories and Knowledge Base (our other website): www.franchisebuyer.com.au Connect with Kate and Peter:  www.franchiseaccountingandtax.com.au

Ep4 Franchisor bank credit reports with Darryn McAuliffe. Franchise Supplier Support.

Did you know some franchise companies have credit scores with the banks?   Gaining an underlying credit default risk score for a franchise brand in the process.   We all know a bit about personal credit scores through our own credit use for homes, cars and the like.   But the way financial institutions treat companies in this way potentially feels a little bit like the 'dark arts' to many. In this episode, Darryn enlightens us on; The current difficulties with franchise finance, How and why banks increase or reduce their appetite for franchise lending, How brands can improve their lending profile, Why franchise brands often do not give enough information to support franchise lending on their brand, Default risk scores for franchise brands - relatively new in Australia, but well-established in the US, More brands in Australia have been pleasantly surprised by their scores, Key takeaways for a franchise owner accessing finance for their business, and for franchisors looking to grow their network.

Ep3 Sam Waller, CEO Stepz Fitness. Business leader

It was never in Sam's plan to be franchisor and CEO of a fitness franchise.   At just the young age of 22, a range of circumstances within the franchise brand that he owned a franchise in, meant that a group of older franchise owners turned to Sam to ask him to try to buy out the founding franchisor and run the whole franchise business in order to take it in the direction it needs to go.   Sam's own circumstances prior to this unknowingly already set him on this path, and shaped his direction.   Enduring a broken back as a teenager in school resulted in Sam becoming obese, and as a result he unfortunately suffered significant bullying in that environment.   Finding himself on a personal journey of a return to health, mental wellness and fitness, saw him discover a passion for being involved in the fitness industry.   This passion was driven by a desire to be able to impact the health and well-being of Australians after his own experience had such a profound impact on his outlook on life.   First as a personal trainer, then as an employee in a company owned gym of Stepz Fitness, a chance conversation he overhead one day while a potential buyer was touring the business, changed his life.   Vowing to get the $500k somehow within a quick space of time to buy the gym he worked in, set him on the course of becoming what he is today...

Ep2 Xpresso Mobile Cafe, Franchise Business model with Jonathan Payne, Co-owner

Franchise business models unpacked - Jonathan Payne, co-founder of Xpresso Mobile Cafe breaks down key aspects of the franchise with Glenn Walford.   The discussion focused around a number of key areas that make up the Xpresso Mobile Cafe franchise business offer; The brands change to now charging no franchise fees to make it easier and more attractive for people to join the brand, Van technology and in particular the battery powered capabilities of the vans - no generators anymore... The commitment to product quality and the departure from using a big 3rd party coffee brand, to now an exclusive coffee blend for the brand with it's own coffee roasted just for them, The people focus with the mobile cafe van operator, and customers and the importance of it in the business, What's the difference and reasons behind having a mobile van coffee business compared to a fixed cafe location. Jonathan is very much about people in business, and this feature to his approach in the way he runs the Xpresso Mobile Cafe business, rings true throughout the conversation.   Also for context, Xpresso describes itself as being here to;   "...give people the knowledge and equipment they need to take control of their working life. We’re pushing the boundaries of employment freedom with inclusive business opportunities that allows a more flexible and enjoyable lifestyle. We set you up with everything you need to run your own mobile business and become a statement service in your neighbourhood."

Ep1 Nitin Khadalia, PACK & SEND - the franchise owner journey

Franchise owner journey: Nitin Khadalia - From a global award-recognised service advisor in one industry to multi-location franchise owner in another. The journey to 3 franchises (and hopefully more on the way) with freight and logistics brand, PACK & SEND has been one of twists and turns for Nitin Khadalia. After emigrating to Australia in 2006, Nitin initially stuck with his automotive industry background, predominantly as a service advisor with a number of major car brands. With a successful career culminating in a second place finish as 'The World's Best Service Advisor' for Hyundai in 2014, Nitin had the itch to own his own business to build wealth and security for his family. He took a leap of faith out of secure employment to free himself up to find his dream business. While as an Uber driver on the side to keep things moving and income coming in for a few months, during this 'gap' time, a chance Google search result saw an advert that would go on to change the direction of his life...