Which Aussie franchise has been ranked a top performing business?
One well-known franchise business has been given a top rating that should make it easier for banks to provide lending for the brand's franchisees.
Leading franchise information and business intelligence specialist FRANdata has ranked the Poolwerx franchise system in the ‘top quintile’ of the worldwide franchising sector for its credit profile.
Poolwerx also received the highest possible ranking in categories such as ‘Franchisor – Franchisee Relationships’, ‘Recurring Revenue Self Sufficiency’, ‘System Support’ and ‘Management Experience/Stability’.
Darryn McAuliffe, CEO of FRANdata Australia, said the company achieved an impressive result on a global scale.
“Having calibrated their score (840 out of a possible 950) against hundreds of these reports in the US, FRANdata defines the Poolwerx franchise system as high performing, McAuliffe said.
“Poolwerx is the first brand to authorise the distribution of this objectively produced report to all active Australian franchise lenders, which will not only enhance their lender relationships but also promote improved finance access for franchise partners.”
CEO and founder of Poolwerx, John O’Brien, said he was pleased that the business was at the forefront of FRANdata’s independent reporting in Australia after seeing the high level of respect the organisation commanded in the US business community.
“Making this FUND™ Report available to lenders is a simple and cost effective action we can take to improve finance access for our franchise partners.
“Sixty five percent of our growth came from multiunit ownership last financial year and this report will only make it easier for our business to grow utilising this strategy now.
“I believe this type of report will become critical to the franchise industry as it provides lenders an amazingly detailed and robust set of tools they can use in their decision-making process. It adds another safety net to help lenders avoid poorly operated franchises.”