Wasabi Warriors Manage to Own Program
We will pay up to 80% of the upfront costs of setting up your business NOW!
Are you ready to own and run your own business now?
Do you want to own a business with a heartbeat?
Do you want to pay for the business as you go, and while you are getting on the job training?
We are looking for entrepreneurs who have the skills, attitude and energy to run their own business, and are only being held back because of the up-front capital investment required.
Our Manage to Own Program provides:
You will need:
20% deposit ($75,000 + GST) that goes towards your franchise fee, full training and marketing launch of the store. The financial capability to provide a 3 month rent bank guarantee for the store lease.
Our training program includes:
Frequently Asked Questions
The $75,000 payment is due upon signing your franchise agreement, and before you start your training program, as a down payment on the business.
You have 14 days to consider the franchise agreement before signing any documents, and once signed you have an additional 7 days in which to cancel the contract. You will need to sign the contract before your training commences.
You will be trained in another store, and/or the store you will be purchasing dependant on your location and the location of your Manage to Own store.
As with all businesses, there is a risk that you will not be able to make the business work. Pacific Retail Management will work with you to reduce risk, and maximise your profits, however you must seek independent advice from your accountant, business advisor or solicitor to discuss your options if the business makes a loss.
Yes, everyone that will be a part of the business will need to fill in an application form. You should also seek further advice from your accountant, business advisor or solicitor to discuss your options for your business structure.
Most business owners expect to work a minimum of 40 hours per week to ensure the business gets the best possible attention and to maximise profits.
More information can be found at http://www.fwa.gov.au/
Profit varies from location to location, and franchisee to franchisee. Please see our profit calculator at www.pacificretail.com.au for further information.
Absolutely, all contact details for other franchisees will be made available to you as part of the disclosure documents that will be sent to you.
Pacific Retail Management owns four brands. Go Sushi, Wasabi Warriors, Love Crepes and Kick Juice Bars. More information can be found on each brand by logging on to www.pacificretail.com.au
Ongoing costs will include insurance, maintenance, HACCP fees, phone, electricity, and operational costs. All of these can be budgeted for, and should be paid from the income received from the store.
We have locations available all over Australia. Our leasing and recruitment team will work with you to find a location that best suits you, and where you wish to live and work.
You will be fully responsible for the employment of all your staff, including recruitment, and payment of wages and statutory payments such as workers compensation, superannuation and PAYG obligations. Your training will include information on hiring staff, rostering and making payments. Your training also includes basic financial training, which should be supported with advice from your accountant.
If your profits don’t cover the repayments, we will review all aspects of the business to see what costs can be reduced, and/or where income can be increased. If after this review, you are still unable to make payments, PRM will buy the business back from you, or you may wish to sell the business to a third party. You will need to find extra payments from other sources to meet any payment obligations you have until you sell the business.
Payments are made weekly by direct debit.
We are looking for enthusiastic, energetic individuals who can handle the responsibilities of owning and running their own business. You will need the support of family and/or friends, and be able to handle difficult situations when and if they arise. Most successful business people have one key thing in common – a positive, can do attitude.
Yes, a third party such as a parent can be a guarantor, or provide the $75,000 to get you started.
We provide basic financial training as part of the Retail Training Group, however you should seek independent advice from your accountant on how to handle your government and statutory obligations. We also have the services of a book keeper who can handle this for you at an extra cost.
Dependant on the location, you can take over an existing store within approximately six weeks. For new locations, the timeline to build the store is approximately three months.
If you are an existing manager, or we employ you as a manager while your store is being built, your employment will continue right up until the day you take over your own store under the Manage to Own program.