Bedshed develops Australia’s first easy-to-use franchise calculator
Bedshed has developed Australia’s first easy-to-use franchise calculator to help potential franchisees determine their franchising options. Bedshed bedding franchises had recognised the challenge for industry newcomers to objectively consider their franchising options.
The franchise calculator takes into account the factors common to most franchises, such as marketing fees, royalty fees, sales, gross margin and expenses. It then examines these factors and provides an initial profit estimate and long term estimated profit projection on up to three franchise models at once.
Gavin Culmsee, Chief Operating Officer, explains how Bedshed was motivated by the lack of useful tools in the major business sector and wanted to provide a framework for potential franchisees to analyse how various options stack up.
“The calculator is about helping people make more informed decisions about what franchise is right for them. We developed the Bedshed Franchise Calculator because we saw a real gap in the information available to potential franchisees when it came to a simple online tool to compare the available options,” said Culmsee.
“Of course, this is designed purely as a guide, because the real numbers will depend on a range of variable factors. The Bedshed Franchise Calculator helps people compare apples with apples before they start spending money on accountants and financial advisors.”
The Franchising Australia 2010 survey discovered there was an estimate of over 1000 business franchise systems operating in Australia.
“We think Bedshed will compare well to any other franchise people might be considering and we’re willing to put ourselves to the test to make sure potential franchisees do find the right options for them – whether or not that is a Bedshed franchise,” said Culmsee.
For more information on Bedshed’s franchise calculator, visit their website or send them an e-mail.