Franchise Feeds

 While aspiring entrepreneurs have the drive and vision to launch and grow a business, not all have the resources or networks necessary to make it a success. Franchising can be a tremendous vehicle for business growth, enabling an entrepreneur (the franchisee) to operate a business using the proprietary business model, identity, products, services and expertise of an existing brand (the franchisor) in exchange for a startup fee and ongoing royalty payments. Know more-  https://www.forbes.com/councils/forbesbusinesscouncil/2024/09/06/why-franchising-is-a-smart-business-strategy/

  South Australian café chain Bean Bar – has been acquired by Piccolo Me (part of the Fabe Group). The El-Hachem family (Harry, Roy and Charlie), along with Group General Manager – David Ciantar, have been conducting due diligence on the Bean Bar company since last year. “The Bean Bar acquisition made sense for us, given that we were looking at establishing a footprint in South Australia”, said Co-founder and director – Charlie El-Hachem. Bean Bar has 5 stores in the Adelaide market – consisting of 4 franchised stores and 1 company owned store. The parent company – Fabe (Food and Beverage Enterprises), owns the Piccolo Me, SolBowl and Go Dark brands – which now adds Bean Bar to its’ stable of brands. Read more-  https://www.businessfranchiseaustralia.com.au/latest-news/piccolo-me-acquires-south-australian-cafe-chain-bean-bar/

 Running a successful franchise requires a mix of business sense, people skills, and consistency. Strong leadership helps you motivate staff, follow brand standards, and maintain daily operations smoothly. Good communication is essential for working with employees, customers, and the franchisor. Time management and organisation keep schedules, inventory, and finances under control. Basic financial understanding helps you track costs, manage cash flow, and improve profits. Problem solving skills allow you to handle challenges quickly and calmly. A customer focused mindset ensures quality service and repeat business. Being adaptable and willing to learn also helps franchise owners grow and succeed in a competitive market. Know more-  https://www.franchise2sell.com.au/blogs/franchise/what-essential-skills-do-you-need-to-run-a-successful-franchise