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Ep111 The Bedshed Franchise Business Model, with Greg Prussia show art Ep111 The Bedshed Franchise Business Model, with Greg Prussia

Franchise Everything

Greg Prussia is the National Business Development Manager at Bedshed, one of Australia’s longest-standing franchise brands, with over four decades of experience in retail franchising.   With a franchise model built on trust, collaboration, and consistent performance, Bedshed has created a network where many franchisees have stayed for decades, some since the 1980s and even passed their businesses on to the next generation.   Greg shares how the business supports both new and long-term franchise owners through open communication and shared decision-making. From participating in...

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Ep110 How to run a $million 'chance to win' prize promotion in your business, with marketing expert John Dwyer show art Ep110 How to run a $million 'chance to win' prize promotion in your business, with marketing expert John Dwyer

Franchise Everything

Speak to JD directly to help you make more sales!    Get JD’s free book:   John Dwyer (JD), founder of The Institute of Wow, joins us live at the Melbourne Franchising & Business Opportunities Expo for a high-energy conversation on one of the most powerful yet underused marketing tactics in business, insured prize promotions.   With decades of experience running successful campaigns for brands big and small, JD shares how businesses can offer customers the chance to win $50,000 or even $1 million in cash without actually paying out that amount themselves.  ...

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Ep109 Gabriel Lawyer, Lounge Repair Guys, ACT (+) - franchise owner journey show art Ep109 Gabriel Lawyer, Lounge Repair Guys, ACT (+) - franchise owner journey

Franchise Everything

Gabriel Lawyer is the franchise owner of Lounge Repair Guys in ACT, as well as a service coverage to other territories that stretches across key areas in New South Wales including the Mid North Coast, and Wollongong as well.   Originally from California, Gabriel moved to Australia in 2001 and began his career in a family café in Canberra before transitioning into national operations roles in the commercial furniture industry. It was through this experience that he first encountered Lounge Repair Guys as a service provider and eventually saw the business opportunity first hand.   In...

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Ep108 The 5 Key things that have made the Urban Clean commercial cleaning franchise what it is today show art Ep108 The 5 Key things that have made the Urban Clean commercial cleaning franchise what it is today

Franchise Everything

Damien Boehm, founder of UrbanClean, and Kirk Simpson, General Manager, shared insights into the key factors that have contributed to the franchise’s success. UrbanClean’s journey began with a focus on direct response marketing, where they built strong business relationships and won cleaning contracts by addressing customer pain points.    The company later transitioned to a regional model, empowering local entrepreneurs to offer more personalized support and grow their businesses. Central to their success was shifting franchisees’ mindsets from being just cleaners to becoming...

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Ep107 The Mobile Experts Franchise Business Model, with Varun Ashok and Stuart Cameron show art Ep107 The Mobile Experts Franchise Business Model, with Varun Ashok and Stuart Cameron

Franchise Everything

Varun Ashok, CEO of Mobile Experts, started with a single kiosk and a vision to make phone accessories and repairs more accessible, reliable, and customer-focused. Over 12 years, he has scaled that vision into a national brand with over 65 locations across six Australian states, supported by Stuart Cameron, the brand’s General Manager.   Now entering the franchising space, Mobile Experts is offering a unique opportunity: a low entry cost franchise model, paired with ready-to-operate stores, exclusive products, and strong relationships with major landlords like Westfield.   ...

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Ep106 The Snap-on Tools Franchise Business Model with Adam Wright show art Ep106 The Snap-on Tools Franchise Business Model with Adam Wright

Franchise Everything

Adam Wright is the Marketing Manager of Snap-on Tools Australia, a global franchise network built on over 100 years of history and a deep culture of trust, quality, and customer relationships.   In this episode, Adam shares how Snap-on’s globally recognised mobile tool stores operate across Australia and New Zealand, bringing premium, American-made tools directly to workshops and dealerships.    With over 4,500 franchisees worldwide, the brand continues to grow through a hands-on, solution-focused approach that goes beyond selling tools.   From structured call routes and...

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Ep105 7 signs with this franchise IS a good fit for you, with Darryn McAuliffe, CEO FRANdata Australia show art Ep105 7 signs with this franchise IS a good fit for you, with Darryn McAuliffe, CEO FRANdata Australia

Franchise Everything

What makes a franchise worth investing in? How can you tell if a brand will support your long-term success? In this episode, Darryn McAuliffe, CEO of FRANdata Australia, returns to share the seven signs that this franchise is a good fit for you. Drawing on real data and frontline insights, Darren outlines what quality looks like inside a franchise system.   Darren discusses:   Units: Why slow, steady expansion signals long-term health and why explosive growth can be a red flag. Financial performance: How to validate income expectations by speaking with franchisees at different...

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Ep104 Kyle Wallwork, Kwik Kopy Kawana Waters - franchise owner journey show art Ep104 Kyle Wallwork, Kwik Kopy Kawana Waters - franchise owner journey

Franchise Everything

Kyle Wallwork is a five-year franchise owner of Kwik Kopy Kawana Waters on the Sunshine Coast. With a 25-year background in hospitality sales across major hotel groups in Australia and New Zealand, Kyle transitioned out of the corporate world after a company merger led him to reassess his future.   Ready for a lifestyle shift and inspired to build something of his own, he explored different businesses before a conversation with Kwik Kopy led to an unexpected opportunity. The fit was right, from culture to values and he took over an established center with a long-standing team.   Kyle...

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Ep103 Kuresh Khan, Houseproud Cleaning, North Strathfield - franchise owner journey show art Ep103 Kuresh Khan, Houseproud Cleaning, North Strathfield - franchise owner journey

Franchise Everything

Kuresh Khan came to Australia from Nepal in 2007 as an international student, determined to build a better life. After completing his Master’s in Professional Accounting, he followed the conventional career path—four years in accounting roles. But with a child on the way and a growing desire for flexibility and financial freedom, he knew something had to change.   With no set plan, Kuresh stumbled upon a Houseproud Cleaning franchise listing on Gumtree. A few conversations later with the outgoing owner and HouseProud founder Paul Mitchell—Kuresh decided to take the leap.   Ten...

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Ep102 7 signs with this franchise is NOT a good fit for you, with Darryn McAuliffe, CEO, FRANdata show art Ep102 7 signs with this franchise is NOT a good fit for you, with Darryn McAuliffe, CEO, FRANdata

Franchise Everything

Are you considering investing in a franchise? How do you know if it's the right choice for you?   In this episode, Darryn McAuliffe, CEO of FRANdata Australia, dives into the seven key factors that can indicate a franchise may not be the best fit. He shares insights based on data and ratings, offering tips for prospective franchisees to make informed decisions.   Darryn discusses:    Franchise unit performance: What to look for when reviewing the number of franchise units and closures, and why increasing transfer rates could be a warning sign. Financial transparency: How...

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More Episodes

You can buy a franchise in two ways, a brand new ‘Greenfield’ location, or an existing business as a ‘re-sale’.

 

The way you value these for a purchase price is very different and must be understood as it is at the heart of risk v return.

 

Peter Knight is widely regarded as one of the top franchise accountants in the country, and one who plays a key role in understanding value for incoming buyers of franchises. In the ‘franchise pre-purchase review’ process offered to the market, Peter has assessed literally hundreds of franchises for sale for clients.

 

In this discussion we put together an explainer on how an exisiting operating franchise location valuation is undertaken. In a previous explainer in Episode#62, we looked at valuing a brand new franchise location.

 

The concept of ‘add-backs’ into the business to justify a sale price is broken down, and explains why they can be contentious. Profit multiples, franchise agreements, refurbishments, updating equipment and more is also a focus in the discussion.

 

0:00 Intro

0:53 Have the benefit of existing business figures - the financial statement

1:27 How they come up with a sales price for an existing business - the ‘multiple’

2:53 A calculation to figure out profit and the concept of add-backs

6:05 How contentious the concept of ‘add-backs’ are

7:11 The role of broker and accountant in the sale of the business

7:44 The add-back becomes the biggest point of contention in the sales of businesses

8:15 Re-sale of an existing franchise and approaching refit, franchise agreement and lease terms

9:50 The timing of a sale and look at expenses on the horizon

10:20 The term of a franchise agreement on a re-sale

10:46 The role being played as an Accountant and emotion v real numbers

11:57 Getting finance deals done and the advantage of an existing business with proven numbers

12:29 Wrap up

 

 

Podcast Produced by: www.franchisebusinesshub.com.au

Franchise Stories and Knowledge Base (our other website): www.franchisebuyer.com.au

 

Listen or Watch on;

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Apple Podcasts: https://tinyurl.com/3bnkrvc2

Amazon Music: https://tinyurl.com/2e47p29n

YouTube: https://youtu.be/DLf5kvA50PM