Big Names Take On The QSR Model

 

Is there a trend for big name restaurants to delve into the QSR industry?

As the dining options available to Australian consumers continue to expand both in terms of food variety and service models, is Hogs Breath the first of many in the trend of big name dine-in restaurants jumping across to the quick service model?

After the successful launch of the very first Hog’s Express in Brisbane’s Myer centre late last year, the second of its kind is opening at Mandurah Forum, WA. The new fast food-esque version of the classic Australian brand is set to roll out across the country throughout the year.

Hog’s Express allows customers to get their favorite menu items but without the wait time. The Mandurah Forum location also offers a wealth of entertainment with a multimedia suite to watch the game, a PlayStation and playground for the kids. Along with the offer of ‘Kids Eat Free’ it’s hard to see why customers would go back to the more traditional table-service locations.

CEO Ross Worth speaks of the change saying “We know that consumers are increasingly busy and looking for quick, accessible and inexpensive food options, so we’re excited about the future of this model…”

Worth also notes the versatility of the new model, suggesting that it will allow the Hog’s bran04d to reach consumers in locations that were not realistic before, continuing to say they may “pop up anywhere from shopping centre and petrol stations, to airports and cinemas.’

Looking at this trend on a larger scale, the Australian restaurant industry is moving towards this new concept. Dubbed ‘fast casual’, the model allows restaurants to offer their same high quality food to consumers but in a faster no-wait service environment.

Wrap Up: FRI Field Manager Boot-camp

As a proud partner of the Franchise Relationships Institute, Cashflow It regularly attends events and workshops hosted by the company. Most recently, the team enjoyed a two day boot-camp designed for field managers, to give them the tools they need to drive positive outcomes with their franchisees.

Hosted by FRI’s Jewli Turier, the two day interactive boot camp brought together field managers from different brands and of different expertise to share their experiences and knowledge about their role in the field, whilst learning some new skills.

Kicking off with an FRI favorite, the Group Scoop, the room was able to share what they hope to gain from the experience, setting up the discussions for the coming days. Following this, the group undertook some exercises to better understand the franchise relationship through a holistic approach, and the values on which the relationship is built. We continued to discuss strategies to manage the franchisee and franchisors expectations and what the responsibilities of each party are.

Later in the day, Jewli delved into the FRI’s most successful models, The Franchisor and Franchisee Wheel of Excellence and The Franchisee Business Journey. Next we moved onto some of the attendees favorite topics of the two day boot-camp, with an in course on utilizing Solution-Focused Coaching and the DISC Model, which built the basis for the following days activities.

Day two kicked off with a group discussion on how field managers can add value to their franchisees and how to conduct effective field visits through joint preparation, process agreements and positive follow-up. Covering another important topic, Jewli encouraged field managers to be aware of the emotional state of their franchisees and how to offer the right support at different stages of their journey as a franchise owner. In addition to this, she urged field managers to take some time to manage their own vitality in order to avoid burning out in what can be a stressful role.

Wrapping up the boot camp with a series of round tables, Jewli delivered an engaging session touching on a wide range of topics that are vital to the field manager role. All attendees felt as though they gained something from the experience, and left with renewed energy to drive positive change within their franchise network.

The Pros & Cons Of Used Equipment Financing & New Equipment Leasing

The Pros & Cons of Used Equipment Financing & New Equipment LeasingWhile it may seem like buying your equipment outright at the start of your new franchise or during the expansion phase is a more affordable option, in the long run this may end up costing you more if you need to finance the repair and maintenance of your equipment down the line. When you consider asset depreciation, financing your equipment instead of purchasing it outright is the smart choice.

 

There are a range of finance solutions available including:

  • Leasing options ranging between 3, 4 or 5 year terms, where you get peace of mind knowing you own the equipment at the end of the term.
  • Rental options which range from 12 to 24 months. If you don’t want to get locked into a long term contract, this is the option for you.
  • Business loans that allow you to pay off your loan over 3,4 or 5 years where you own the assets from the start of the contract.

The reason commercial equipment rentals, commercial equipment leasing and business loans are smarter choices than purchasing the equipment with your own capital is because it allows you to keep your cash to operate and expand your business. This is crucial during the start-up and expansion phases of any business, when promoting the business is of utmost importance and capital would be better spent on marketing, advertising and growing your business.

These various financial solutions are available through Cashflow It, who are committed to offering the most appropriate funding solution for your franchise business.

 

Some of the main benefits of financing your commercial equipment through Cashflow It include:

  • Excellent customer service. Friendly and experienced customer service representatives are here to assist you, 24 hours a day, 7 days a week.
  • Various financing solutions are available with manageable payment options, with contract terms ranging from 12 months to 5 years.
  • There is minimal asset risk.
  • In most cases, no personal security is required.
  • Repayments can be 100% tax deductible.
  • Because this is an off-balance sheet form of funding, there is no liability to record.
  • The application is simple and quick. You can complete the application at your convenience, online.

Whether you are expanding to a second or more locations or starting up your first franchise business, Cashflow It aims to take the stress out of equipment financing.

As specialists in the franchise financing industry with directors who have more than 2 decades of experience in the sector. Cashflow It aim to make the process as simple, fast and transparent as possible with an easy online application, quick service and easy to understand contract.