Podcast: Ep#234 “Franchising is a great opportunity to grow a business with a proven business model and support to succeed ” (Ft. Kevin Bugeja Managing Director of Franchise 4 You on behalf of The Famished Wolf franchise)
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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.
