Recent changes in the mining sector have paved the way for growth in franchising, and opportunities in buying a business.
Although the mining boom has declined in Western Australia, opportunities in the franchise sector have been a ray of sunshine as brands expand across the state.
The Perth Franchising and Business Opportunities expo will be held on May 15 with a gold mine of brands to choose from.
Snap-On Tools
Providing mobile solutions to customer tool and equipment needs, Snap-On tools services the Western Australia mining community who use the tools.
Stacey Gilbert, business development manager, said that Western Australia is a growth area with a “long future” as veteran franchisees look to sell.
In her view, the benefits of the franchise model include the comparatively low initial cost of $50,000, the mix of versatility and routine in the role, training programs in Dallas Texas, and relationships developed by tailoring solutions for clients for that “feel good factor.”
And the product is one of a kind.
“You can only get a Snap On tool from a Snap On franchisee,” she said.
However, Gilbert said the main challenge for franchisees is finding a balance between being a team player and an entrepreneur. She highlighted the importance of franchisees understanding how to manage a business as their actions will affect the other franchisees.
So who is the ideal franchisee in Western Australia?
“There is potential for fresh blood (in Western Australia),” Gilbert explained. “We’re not specifically targeting or ignoring the mining community.”
She said that Snap-On look for people who are enthusiastic, have a passion for selling tools, and are trainable. Her advice for potential franchisees is to educate themselves on the business, download the Franchising Code from the ACCC website, and speak to existing franchisees (a requirement of the Snap-On model).
The Perth Franchising and Business Opportunities expo is set for May 15, at Crown Perth from 10am-5pm. Find out more and register here with the code FMG for free tickets.