Guzman Y Gomez[551].docx - Thomas Mahony Informatio n for Potential Buyer of Guzman Y 1\/var\/filecabinet\/temp\/converter_assets\/0c\/b3\/ Thomas Mahony Gomez

Guzman Y Gomez[551].docx - Thomas Mahony Informatio n for...

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Thomas Mahony Informatio n for Potential Buyer of Guzman Y 1 /var/filecabinet/temp/converter_assets/0c/b3/0cb33fe6ed89d88af28ab638080c4f3747e06401.docx
Thomas Mahony Gomez Franchise Contents Introduction ................................................................................................................................................. 3 Brief summary of The Franchise ................................................................................................................... 3 Entering Guzman Y Gomez Franchise ........................................................................................................... 3 The Process .............................................................................................................................................. 3 Guidelines .................................................................................................................................................... 3 Legal ........................................................................................................................................................ 4 Financing ................................................................................................................................................. 4 Business Implications ............................................................................................................................... 4 Before Opening ............................................................................................................................................ 6 Budget (Cost) ........................................................................................................................................... 6 Financing Plan .......................................................................................................................................... 7 Recommendations ....................................................................................................................................... 7 Franchise format table ............................................................................................................................. 8 Franchise Process ..................................................................................................................................... 8 2 /var/filecabinet/temp/converter_assets/0c/b3/0cb33fe6ed89d88af28ab638080c4f3747e06401.docx
Thomas Mahony Introduction There are many business, a franchise allows a business to operate under the conditions and care under an established business. The Franchisee can sell their products/services for a specified period in return for payment to the franchisor. Franchises are a secure way into owning a business is a pathway that a lot of business owners choose due to its high success rate. “The longer the franchise exists, the more data they will have to share. The franchisor will have seen some franchisees succeed and others fail and will be able to share lessons with you. “ ( Franchise accounting tips | Xero 2020) i .If this is the way you’re wanting to start a Mexican food business than this report is for you. Brief summary of The Franchise Guzman Y Gomez is an Australian Licensed, Private fast food business specialising in Healthy Mexican that was founded at Sydney, Australia in 2006. It is a franchise business with 135 restaurants operating throughout Australia, Singapore, Japan, and the United States. (Gomez 2011) ii Entering Guzman Y Gomez Franchise The Process When the franchisee is wanting to start a GYG business they’ll have to sign an enquiry that includes all their contact details such as names, address, phone number and email. Once on the list, the franchise head office and have an initial phone interview. Then if that all goes well the depending franchisee will have to hand in an application form with a confidentially agreement. Then comes the Due diligence, which is when basically means looking at all of the legal, financial, and business implications of buying a particular franchise. (Schollick 2017) iii . In this stage the franchisee is able to take part in restaurant visits so they can see how it operates. Then also go to Franchisee and GYG head office meetings to get information on the analysis of GYG system economics, financial modelling, and independent advice. 3 /var/filecabinet/temp/converter_assets/0c/b3/0cb33fe6ed89d88af28ab638080c4f3747e06401.docx
Thomas Mahony $50,000 out of the $60,000 paid in deposit is then refunded back to the franchisee after the spot has been reserved. Once that process is done the franchisee is then notified to do 12 weeks of training. ( refer to Franchise Process ) In this amount of time the restaurant should be opened soon after.

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