Our ‘Launch Your Franchise’ competition will officially open for entries today, 6 August 2020. The one-of-a-kind contest will provide an opportunity of a lifetime to promising Australian businesses wanting to expand their network through franchising.
‘Launch Your Franchise’ is a new initiative that we've created to recognise businesses in Australia that are hoping to expand through franchising, by running a competition.
Our free-to-enter competition will allow aspiring entrepreneurs to submit their entry online or nominate deserving businesses to win the consulting, legal and franchise marketing work necessary to develop their business model as a full business format franchise system. They will also win a valuable package of associated supplier supported benefits.
The first prize up for grabs (valued at $150,000) includes a Comprehensive Franchise Development Program offered by the DCS Franchise Group, 6 months of franchise marketing and advertising opportunities sponsored by Seek Business, as well as Lead Generation and ongoing marketing & financing opportunities supported by partners including Hubspot, Redcat, DC Strategy Lawyers, Benjamin & Benjamin, The Franchising Expo, Compass Fitouts and more.
Runners-up will also get to be part of the action, winning a comprehensive feasibility program by our expert team. We have been involved in developing franchise systems for some of Australia’s most famous chains, such as Boost Juice, Grill’d, Ben & Jerry’s, Forty Winks, KX Pilates, Total Tools and ANZ Mortgage Solutions to name a few. Second and Third prizes will also include a range of discounted opportunities from our preferred partners and sponsors.
Requirements of entry include a number of factors and the business should meet the following criteria:
● Registered: must have Australian Business Number (ABN)
● Location: the business must be based in Australia
● Financial: be able to demonstrate strong profitability
● Establishment: been in operations for at least 12 months, with one or more locations/units/stores/vans/offices.
● Ownership: be at least 50% Australian-owned, with active owner / operator in key management and no adverse credit history.
● Passionate and driven owners seeking to scale operations locally, regionally, nationally and globally
The inaugural ‘Launch Your Franchise’ competition is packed with credibility and will be judged by some of the leading names in the franchise community. The judging panel will be chaired by Franchising Hall of Fame inductee Rod Young and other industry experts including; Amber Manning (General Manager - Just Cuts Franchising), William Edwards (Chief Executive Officer and Global Advisor to Chief Executives - EGS), Sarah Stowe (Editor - Inside Franchise Business), Matt Fickling (Chief Commercial Officer - Motto Motto Japanese), John O’Brien (Chief Executive Officer & Founder – Poolwerx, Member - Franchise Hall of Fame and former FCA Chairman) and Brendan Green (CEO - Franchise Cloud Solutions and Hire A Hubby & Chairman – Franchise Council of Australia).
The winner will be announced in mid-November at The Sydney Franchising Expo set to take place at the ICC Darling Harbour from 10am to 5pm on both Friday, 13 November and Saturday, 14 November 2020.
To enter now or nominate your favourite Australian business, visit our competition website page.