Top value franchises listed by AFR Smart Investor
Home services franchise VIP has been listed as the franchise system with the highest score for value under $50,000 in the December issue of Financial Review's Smart Investor magazine.
Given an 84 percent rating by the magazine the 30 year old franchise system offers franchisees a total capital investment of $35,000. Founder and chairman Bill Vis said "While we know that we have a good system, it's great to be recognised through an independent study as the best franchise system under $50,000.
"Since finishing number two last year, we have implemented new changes to our system, including the introduction of a website giving franchisees the opportunity to showcase testimonials, photos and information about themselves to their own area incorporating the latest in Google map technology."
Snap-on takes best value slot for the $150,000 to $300,000 investment category, and scores the highest overall with an 89 percent rating.
The article included national brand, a well established system, competitive capital outlay, low borrowing requirements and bank accreditation, low ongoing fees, a long agreement term and competitive expected franchisee turnover among the necessary standards for its best value rating.