How to buy a Boost juice from a Multi Site franchise operator?
There are times when a number of Boost Juice franchises are owned by one person. These people are referred to as "‘multi-site franchise operators’.
This is where they own more than one Boost Juice in different locations.
So, if you’re interested in buying one of the single site Boost Juice franchises, how do yo get the information you need from the multi site guy? This post takes you through the key factors to consider.
The objective.
To access reliable information you can make a decision on.
The challenge.
To extract the information that relates to the individual site from the information provided.
The difficulty.
Certain items are grouped together, such as admin, insurance and possibly COGS. We need to extract the relevant data from the information provided by the vendor.
The approach:
Look for as much third-party information as possible. This includes:
POS reports, to confirm sales as reported.
Lease agreement, to confirm rent. It will also show the term and annual increases.
Roster, staffing and hourly rates, so we can confirm wages and budget for the future.
Cost of Goods Sold. Try to isolate COGS for this particular site.
Stock on hand. Check what levels of stock are maintained.
Repairs and Maintenance. This is a good indicator of the state of repair of the equipment.
A detailed inventory of the assets will be included in the purchase. This to form part of the sale agreement. What's in, what's not.
Insurance costs. Check if there are individual policies, or some sort of group cover. if so, determine the basis for allocation.
