by Simon Lord
last updated 17/11/2013
Franchise Buyers To Access More Expertise
by Simon Lord
last updated 17/11/2013
Award-winning specialist Franchise Accountants takes on new role as co-sponsor of Franchise New Zealand
One of the biggest concerns facing anyone in business is money: making a profit, managing cashflow, financing growth and minimising losses and tax. That’s why getting good financial advice is vital, whether you are a new franchisee or an established franchisor. And it’s why Franchise New Zealand has always featured readable articles about various aspects of money management both in print and on-line.
Now that advice is set to get even better with the appointment of award-winning Franchise Accountants as co-sponsor alongside Westpac. ‘Having the input of both New Zealand’s most experienced franchise bank, and an independent accounting firm that specialises in the needs of franchisees and franchisors, will be a great benefit to our readers and clients,’ says Simon Lord, publisher of Franchise New Zealand. ‘We have worked with Franchise Accountants on a number of articles in the past (including this article on doing the sums before buying a franchise) and know the people there to be excellent at analysing and explaining financial issues.’ Franchise Accountants was named Service Provider of the Year in the Westpac New Zealand Franchise Awards in 2011/2012.
Today, Franchise Accountants employs ten people in two offices in Auckland and the North Shore and is looking to expand around the country. ‘We have already worked on over 100 different franchise brands, helping franchisees analyse opportunities for both new sites and re-sales and setting them up for maximum financial efficiency,’ explains Philip Morrison, founder of Franchise Accountants. ‘That has given us a unique insight into many different sectors and the differences between franchise systems. We also work with a number of franchisors, master franchisees and multi-unit franchisees, so we get the big picture, too. Our goal is to help people work together to get the best possible results for all concerned.
‘We are delighted to announce our sponsorship of New Zealand’s leading authority on franchising. Franchise New Zealand has been an amazing resource for everyone looking at business opportunities and franchising for over 20 years, and has always taken a stance on the need for new franchisees and franchisors to be properly prepared. They have both longevity and credibility; when I started Franchise Accountants, the magazine and website were by far the best place for learning about the opportunities, the issues and the personalities involved, and that’s still the case today.
‘We see this partnership as a natural fit: we are both organisations dedicated to helping everyone get the best out of the opportunities that franchising offers, but aware of the pitfalls that can trap the unwary. We look forward to working together over the next few years and helping franchising continue to grow throughout the country.’
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