Mortgage lending and loan broking franchise business Club Financial Services has plans to increase its national footprint to 150 franchise offices over the next five years. The business has grown from the back room of an Adelaide home to a 25 franchisee operation and a loan portfolio in excess of $2.5 billion.

The seven year old company adopted the franchise model two years ago following its acquisition of The Mortgage Bureau.

One of the four founders of Club Financial Services, managing director Andrew Clouston, said the franchise model was an opportunity to maintain compliance standards with increasing numbers of staff.

“Benefits would include risk mitigation, surety of distribution, and pooled resources to drive the brand. A further advantage of owning a franchise would be the saleability of a business within a business,” he said.

“Franchising the business has removed me and the other directors from the day-to-day functioning of individual branches and allowed us to focus on the club brand as a whole. With franchisees operating at a local level, Club can now feed directly back into local communities while passing on the financial benefits of being associated with a national organization.”