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Passive income model works for Xpresso Delight

Sarah Stowe

For the second year running Xpresso Delight gourmet coffee has ranked highly for lifestyle in the Top Franchise national franchisee satisfaction survey.

The Xpresso Delight passive income concept, where franchisees install commercial grade gourmet espresso machines into workplaces for free with coffee charged at a low flat rate, allows franchisees to make money every time a coffee is brewed.

Xpresso Delight Newcastle franchisee Vic Hankins, 62, says his franchise yielded him a solid income and still gave him plenty of time to indulge his passions.

“IÕm a keen sailor and am currently renovating my house so I choose to spend most of my time on those activities,” he says. “My Xpresso Delight business takes about 10 hours per week which I break up into two days. The business earns around $45,000 gross profit per annum which is very strong for the time involved.”

The coffee systems require a weekly service but Hankins explains the process is quick and simple.

“I spend part of Monday servicing some of my 15 machines and on Wednesday morning I do servicing and some administration work and thatÕs it!

“The flexibility of my Xpresso Delight business means IÕm able to spend up to 30 hours per week renovating my house if need be. I also have other investments and IÕm an avid reader so I need plenty of free time.”

Xpresso DelightÕs Stephen Spitz, who founded the business in 2003 with Paul Crabtree, says the franchise was developed with a work and life balance in mind.

“We wanted to create a business which didnÕt require franchisees to turn up to work nine to five everyday and would be suitable for retirees, mums and people with other commitments” he explains. “Our business model is based on maximising the time-to-money ratio which means franchisees are able to earn better than the national average wage by working less than 10 hours per week.

“We also guarantee our franchisees will make a minimum 40 percent revenue return on capital investment within the first six months or their franchise fee is refunded which reduces some of the risk of going into business.”