There are a lot of things to consider before becoming a franchisee. Do you believe in the direction the business is going and are you confident you will get an adequate return on your investment? Is there a natural fit between the culture of the company and your own personal views and beliefs?
The spotlight is on Boost Juice Bars.
How would you define your brand?
A fun, youthful brand for people who love live and want to lead a healthy lifestyle.
How old is the company and when did you start franchising?
The company opened its first store in 2000.
How many franchises do you have?
154 healthy eating franchises out of 185 stores nationally.
How many are multi-unit franchisees?
We have 17 multi-unit franchise partners.
What are the start-up costs for a franchisee and what working capital should they have?
Start up cost for brand new beverage franchise store is between $240,000 and $300,000 plus GST. This cost is inclusive of franchise and training fees, equipment and shop fit. Working capital is suggested between $5000 and $11,000.
What is the length of agreement?
A seven year initial term and the option of two further terms of seven years (21 in total).
What is the royalty fee and marketing levy?
Eight per cent royalty fee and three per cent marketing levy.
What skills does the franchisee need?
We look for a variety of factors in our franchise recruitment process, including; business acumen, customer service skills, management and leadership ability, financial capability and a love-life attitude.
What will you teach them?
The three week training program includes all front of house systems and back of house management.
What is the most common mistake made by new franchisees?
Franchisees looking to start in a new business must ensure they complete appropriate due diligence as necessary to be fully informed in their business decision.