| 1. How much does it cost? |  |
| The initial franchise fee is $79,500 + GST. This provides you with an exclusive territory on a standard 10+10 franchise agreement. It also includes all your initial training, setting you up with access to our online franchise sales system - FORS, access to all our custom made documentation, franchise sales procedures, sales scripts, access to our website www.franchisebrokers.com.au, and most importantly use of our brand name Finn Franchise Brokers and the goodwill and relationships that have been built up over many years in the Australian franchising sector that are attached to our brand. | |
| 2. How much money can I make? | |
| As you are aware, the amount of money you make depends largely on yourself. The Finn Franchise Brokers business model is built with the opportunity to earn significant income. Existing franchisees have reported income in excess of $300,000 on an annual basis. | |
| 3. What hours will I work? | |
You can work whatever hours you choose, however most of the time you'll find business is conducted during regular business hours, Monday to Friday. |
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| 4. Do I need an office? | |
| No, in the early stages a commercial office is not necessary. Our business model is designed to be managed initially from a home office, with some meetings taking place off site in a relaxed environment. However, we strongly recommend you establish a small commercial office asap. | |
| 5. How do I get listings? | |
Obtaining listings is one of the best things about our business model. We find that once we successfully sell a franchise business, the franchisor tends to recommend us to their franchisees that are looking at selling. Also, a lot of existing franchisees already know that Finn Franchise Brokers understand their franchise system, and understand franchising, so they usually prefer to use our services. We also sell 'greenfield' (new) franchises on behalf of the franchisor when they are expanding. This means we automatically get all their new franchises to sell, and in some States that can be 80 or 100 listings in one go. As our Finn Franchise Broker network grows, we will be in an increasingly strong position to manage the franchise growth for various brands on a national basis. This means that any listings that become available will automatically be passed onto the local Finn Franchise Broker that owns that territory. So effectively, once we get a franchise brand on board, we plan to get all their listings on an ongoing basis. Steve Finn is also actively involved in national networking within the Franchising sector and conducts presentations and round table events with many franchisors and service providers. |
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| 6. Do you provide me with listings? | |
| As with all businesses, the strength of your business will come down to your own efforts. This is particularly the case with how you implement the local area marketing program we have developed. As a Finn Franchise Brokers owner, you'll have access to proven local area marketing tools and strategies. We'll be encouraging you to make yourself known to as many franchise owners as you can in your area - Subway, Boost Juice, Gloria Jeans, Poolwerx, Forty Winks, and hundreds more. You should attend all the local franchising networking events. You'll do free presentations to franchisees in your area. We'll provide you with the tools and support, and being the local person - it's up to you to implement this most cost effective program. You'll then find that when a franchisee wants to sell their business, they'll naturally gravitate to the local expert with the national credibility of a network of Franchise Brokers in support. | |
| 7. What are the franchise fees? | |
| The ongoing franchise service fee is confidential to the general public, and is openly available when you contact us and complete our confidentiality agreement. The franchise service fee puts the franchisor (us) in a position to provide you with ongoing support, continual improvement in our systems and growth strategies, and brand protection. Our goal has always been first and foremost to ensure all fees are more than reasonable, and that our Finn Franchise Broker owners are in a position to own an extremely lucrative business. Further to this, all owners contribute to the national marketing fund to ensure we can continue to promote our brand. | |
| 8. How do I make money? | |
Your main source of income will be sales commission. We won't details specifics publicly, but you'll find our fees are in line with those charged by normal business brokers. You'll also generate revenue from
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| 9. Do I need any staff? | |
| No, the Finn Franchise Broker business model is designed to be a one person operation. This minimizes costs, and maximizes profitability. As you grow we do recommend you consider employing a small team of perhaps one or two brokers, and an admin support person if needed. | |
| 10. Do I need experience? | |
| No, you do not need to be an experienced business broker, or franchise owner. Our business model is well systemized, and we provide initial training and support. However, it is a requirement that you hold a relevant Estate Agents Licence in your State in order to own and operate a Finn Franchise Brokers business. | |
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