Westpac New Zealand’s Post

After months of strategic work behind the scenes, Barclays UK is proud to announce the launch of an enhanced support offering tailored specifically for the franchising sector. We’ve expanded our team to include 10 dedicated franchise specialists, strategically positioned across the UK to ensure we're on hand to support franchisees of all sizes—from emerging start-ups to well-established brands. Our team is passionate about helping franchise businesses thrive, offering expert guidance on financing, bespoke lending solutions, and preferential lending terms for selected brands, alongside a full suite of banking services. Whether you're just starting out or looking to scale, we’re here to help you succeed. If your a franchisor, reach out to see what bespoke support we can offer. Really proud be be leading this team. Neil Attwood Darron Judd Adam Howard Jamie Moses Brett Beckett Waqas Mahmood Louise Jones Sunny Paul Deepti Bhalla Take a look at our new pitchbook to explore how we can support your unique business needs. We’d love to connect with anyone in the franchising world—don’t hesitate to reach out to see how we can assist! #Franchise #BarclaysUK #FranchiseFinance #BespokeLending #PreferentialLending #BusinessGrowth #TeamExpansion

What are the biggest pain points when running a hospitality franchise? We’ve asked several franchisors and franchisees what the biggest challenges are to running and growing their hospitality franchise. One of the biggest challenges is financial management: including managing cash flow, controlling costs, and ensuring that the business is profitable. Kate Pullen Director of Franchising, NatWest will be joining us to share her thoughts on the gold rules of financial and operational management for franchise operators. A second common issue is delivering inconsistent experiences across numerous locations that weaken the brand and result in failing to meet customer expectations (especially for strong digital engagement) resulting in lost sales and a lack of brand loyalty. Richard Samarasinghe, Harrison. will bring his experiences as a hands-on operator and consultant on managing a consistent brand and guest experience. We have a stellar line up of speakers including Keith Bird and Graeme Payne from Bird & Bird providing you with information and advice on everything from legal agreements and current legislation, financing, developing a franchise operation manual and how to translate brands from one continent to another. Please note that this is an invitation-only event designed for senior decision makers looking at franchising as a potential strategic option. In addition to learning more about franchising this will be a great opportunity to meet and network with industry experts and peers. To register today please click on this link https://lnkd.in/e_s8pKe3 More information to follow and please contact me directly if you have any immediate questions richard@weareharrison.com #hospitality #franchising #restaurants #events

What are the biggest pain points when running a hospitality franchise? We’ve asked several franchisors and franchisees what the biggest challenges are to running and growing their hospitality franchise. One of the biggest challenges is financial management: including managing cash flow, controlling costs, and ensuring that the business is profitable. Kate Pullen Director of Franchising, NatWest will be joining us to share her thoughts on the gold rules of financial and operational management for franchise operators. A second common issue is delivering inconsistent experiences across numerous locations that weaken the brand and result in failing to meet customer expectations (especially for strong digital engagement) resulting in lost sales and a lack of brand loyalty. Richard Samarasinghe, Harrison. will bring his experiences as a hands-on operator and consultant on managing a consistent brand and guest experience. We have a stellar line up of speakers including Keith Bird and Graeme Payne, Bird & Bird providing you with information and advice on everything from legal agreements and current legislation, financing, developing a franchise operation manual and how to translate brands from one continent to another. Please note that this is an invitation-only event designed for senior decision makers looking at franchising as a potential strategic option. In addition to learning more about franchising this will be a great opportunity to meet and network with industry experts and peers. To register today please click on this link https://lnkd.in/e_s8pKe3 More information to follow and please contact me directly if you have any immediate questions richard@weareharrison.com #hospitality #franchising #restaurants #events

💰One Billion. That’s the amount Franchise businesses contribute to the Canadian 🇨🇦 economy. (Canadian Franchise Association) Yet, beyond the numbers, Franchising embodies Community 💞. It embodies Legacy 👣. 💡As conscious Consumers, it’s crucial to ponder where our dollars go in supporting local Franchise owners & their teams. ❓How do Franchises give back to the communities that fuel their success? 💡As proud Canadians, we should also be invested in how Franchise brands uphold their values beyond flashy marketing campaigns. ❓Do these values resonate in their culture, leadership, boards and supplier relationships? At HOT Perspectives, we recognize the need for progress in Franchising. That’s why we partner with Franchisors and Entrepreneurs to: 🧠 Empower people. ⚙️ Elevate systems. 🔥Ignite growth. Join us this weekend at BOOTH #310 at The Canada Franchise Show to learn more about HOT Perspectives and our mission to #DiversifyFranchising. Admission is FREE! 🙌🏾 Check out the link in the comments! #HOTperspectives #CanadianFranchiseAssociation #FranchiseCanadaShow

Some franchising thoughts on the NZ Herald's recent 'Mood of the Boardroom' report. I think the sentiment will resonate with New Zealand franchisors and franchisees generally, and within the different sectors represented. It's tough out there and whilst most will be positive about finding the bottom - we don't know what the shape of the recovery will be like. Hopefully 'U-shaped' rather than a 'bathtub-shaped curve.

Takeaway Food | Business for Sale | Newcastle NSW Red Rooster Franchise Hunter Region PRICE DROPPED PRICE DROPPED PRICE DROPPED Strong Financial Performance Sales of $50,000 per week Lease to 2025 with 4x5 year options Comprehensive training provided Price of $749,000 plus S.A.V. This established franchise, part of a well-known chain with over 350 locations in Australia, is now available for acquisition. The business benefits from a strategic position attracting residents and passing traffic. Furthermore, it operates daily from 10:00 am to 10:00 pm. It is secured by a long-term lease that began in December 2015, with a 10-year initial term and four 5-year renewal options. The franchise has the advantage of national marketing campaigns and the purchaser will receive thorough training and ongoing support from the franchisor, ensuring a smooth transition and continued success. View more details: https://lnkd.in/gtVmahXv #businessforsalensw #franchisesforsale #franchiseopportunity #redroosterfranchise #ownyourownbusiness #investinabusiness #beyourownboss #businessbrokers #smallbusinessnsw

Franchising is under the media lens at the moment but there are many examples of where franchising can be a great model with life changing economic benefits or it can be quite the opposite and devastate people and families. Whilst the measures of success or lack of can be attributed to many factors including the transparency and solidity of the franchisor and the business acumen and skills of the franchisee there are too many elements and circumstances to both of these outcomes to list them. I would suggest some simple steps and thoughts to start on your journey into becoming a franchisee : There is a Franchising Code of Conduct | ACCC read it There is a Franchising Council of Australia - the site has some free resources read them. Just because you like coffee,food,dogs,realestate,gyms doesn't guarantee success because the key to business is you knowing how to run the business. You can be a great salesperson/barrista/dog walker ,for example,but running your own business requires a whole lot of other skills.If you do not have them you can always take in a business partner who does and complement each other.The franchisor supplies the tools but you need to know how to use them. Take time to act and do not become emotionally attached as the grass can always look greener on the other side.Don't believe everything you are told - think long and hard Research by picking random current franchisees and talk to them.If they are willing to allow you to shadow them for a couple of weeks even better. That way you may see the good,the bad and the ugly ( not the farnchisee or franchisor ) At the outset get good legal advice and by that I mean a lawyer/firm who has vast experience in that area and listen to their advice. Make sure you understand the numbers and seek financial advice from an accountant/firm who once gain has vast experience in franchising and listen to it. Have a financial amount as a backup in the background for the tough/unexpected times. The legal and financial will all cost you money but in the end will be far less than than the amount you lose if it does not work out and you will have set a path of success if you go ahead. Keep communication open with the Franchisor in a businesslike and transparent manner - they cannot help if they do not know. Know when it isn't working and extricate youself. Unfortunately when this happens you are usually at rock bottom both mentally and financially and do not have capacity to fight. If the issues need to be resolved the most cost effective and least mentally debilitating is to enter into mediation /alternative dispute resolution with the Franchisor to try to work together on a solution that works for both parties.Do it sooner than later. Remember Franchisors want successful Franchisees - Franchisees want successful Franchisors - the aim is common.

Happy Monday, Happy middle of the Year! Happy Start of Q3! 🎉 Check out this article from IFA highlighting the Top 10 States for Franchise Growth in 2024. Stay informed and explore the insights here: [https://lnkd.in/eWTbS2Xr] #FranchiseGrowth #BusinessInsights #IFA #Q3Start #TopStates2024 📈🌟

💡 DID YOU KNOW?💡 The franchise boom in Australia started in the early 1970s, with fast-food giants like McDonald's, KFC, and Hungry Jack's leading the way. But did you know the first recorded franchise in Australia dates back to 1809? It all began when 45,000 gallons of rum were traded under royal privilege to build the Sydney Hospital! 🍔🍟 By 1992, the number of franchise systems had already reached an impressive 450. This number grew to 700 in 2002, and today, we stand at over 1,293 systems in 2024! Such rapid expansion necessitated the introduction of the first franchise regulation in 1998 under section 51AE of the Trade Practices Act 1974, which has since evolved into the Competition and Consumer Act 2010. 📜 The journey of franchising in Australia is a testament to growth, innovation and the importance of clear regulations. 🚀 👉 Need practical advice from an experienced in-house lawyer about franchising or navigating franchise disputes? Visit www.banefclawyers.com for tailored legal support and solutions #FranchiseFacts #BusinessGrowth #AustraliaFranchising #FranchiseBoom #FastFoodGiants #FranchiseRegulation #CompetitionAndConsumerAct #DidYouKnow #FranchiseHistory #LegalSupport #FranchiseLawyers

Franchise Growth: Riding the Momentum into 2024! Exciting news for the franchising industry! The latest Franchising Economic Outlook Report, a collaborative effort by IFA and FranData, paints a promising picture for the year ahead. In 2023, our industry witnessed significant growth, and we're poised to carry that momentum forward into 2024. The forecast indicates a projected franchise output of $893.9 billion for the US economy, marking a remarkable 4.1% increase compared to the previous year. Amidst economic uncertainties, these numbers serve as a beacon of hope and resilience. As Michael Layman from IFA rightly points out, these figures are "encouraging at a time when there's been so much about the economy that hasn't been positive in recent years." This growth trajectory not only underscores the strength of franchising as a business model but also highlights our collective ability to adapt and thrive in dynamic market conditions. Contact me to beef up your lead generation efforts. You don't want to be unprepared for this franchising BOOM! https://lnkd.in/eJq2kkBw #FranchiseGrowth #EconomicOutlook #BusinessResilience #Innovation Article Link: https://lnkd.in/e5kTs9EB