“Franchising is a great opportunity to grow a business with a proven business model and support to succeed”
Today on Eden Exchanges we spoke to Kevin Bugeja who is the Managing Director of Franchise 4 you, speaking on behalf of The Famished Wolf Franchise. Listen as Kevin chats about his extensive experience in the franchising sector, his role in The Famished Wolf franchise and why you should consider a franchising opportunity.
Discussion Points:
Franchising roles and industry background Kevin outlines his impressive experience in franchising and why the franchise model appealed to him
The importance of empathy when consulting with new franchisees As a consultant and educator in the franchise realm, Kevin draws on his experience as a franchisee
Industry regulations and successful franchises Kevin sees the regulation of the franchise sector as a positive change
Great things about the franchise model Kevin explains how a robust business is only strengthened through the franchise system
Franchise model considerations Kevin explains how some franchises and franchisees can fall into negative habits
Franchising and the entrepreneur An entrepreneur who is willing to comply with the goals of the brand may find a newly franchised business appealing
Questions to ask yourself before becoming a franchisee Wise advice about the decision-making process when considering a franchise investment
Is business acumen important? Kevin notes that if a franchise provides adequate training and support, business acumen is not a prerequisite
Investor due diligence Kevin shares his best advice for evaluating a potential franchise investment
Before investing in a franchise Discovery days and business plans are just some of the activities to undertake before becoming part of a franchise
Successful franchise systems Kevin outlines the commonalities among successful franchise systems
The Famished Wolf The Famished Wolf has a dedicated social media manager and digital marketing specialist to support franchisees
Menu favourites Kevin likes to try different menu items each time he visits The Famished Wolf locations
Flexible by design Kevin explains how location adaptability benefits The Famished Wolf franchisees
Potential new locations Kevin explains the potential for new franchise sites for The Famished Wolf.
Advice for potential franchisees Kevin offers advice for people considering investing in a franchise
The investment process Kevin explains the inclusions in the investment package and how the location and model of the store can be designed according to budget
Skills and characteristics of a franchisee Kevin reveals the most important personality trait of a franchisee with The Famished Wolf
Getting in on the ground floor Being a new franchise, Kevin notes that becoming an early investor in The Famished Wolf may have benefits
Franchise finance Kevin explains the reality of obtaining finance for a franchise
More information How to get in touch with Kevin to begin your business journey
Useful Links: Company profile / Facebook / Instagram
About the business:
The Famished Wolf’s goal has always been to offer delicious gourmet burgers at lower prices than their competitors, therefore, creating a business that can be a local favourite that won’t break the bank to treat the family to a delicious lunch or dinner out. With a complete menu and an option to provide guests an all-day offering, they cater to numerous demographics. The business formats available to franchisees allow for targeted venues that suit the location and the customers. Their menu includes a range of tasty American style gourmet burgers, brats, sides, slices, treats and drinks.
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