Bedshed crunches the numbers

Written on the 10 January 2012 by Bedshed

It is estimated there were over 1000 business format franchise systems operating in Australia in 2010 (Franchising Australia 2010 Survey). 
Bedshed recognised it could be a real challenge for industry newcomers to objectively consider the options, which led them to develop Australia's first easy-to-use franchise calculator tool.

 
 The tool examines the factors common to most franchises marketing fee, royalty fee, sales, gross margin and expenses to provide an initial profit estimate and long term estimated profit projection on up to three franchise models at once.
Bedshed's Chief Operating Officer, Gavin Culmsee explains they were motivated by a lack of useful tools in this major business sector and wanted to provide a framework for potential franchisees to analyse how various options stack up.

"The calculator is about helping people make more informed decisions about what franchise is right for them.  We developed the Bedshed Franchise Calculator because we saw a real gap in the information available to potential franchisees when it came to a simple online tool to compare the available options," Mr Culmsee said.

"Of course, this is designed purely as a guide, because the real numbers will depend on a range of variable factors. The Bedshed Franchise Calculator helps people compare apples with apples before they start spending money on accountants and financial advisors."
"We think Bedshed will compare well to any other franchise people might be considering and we're willing to put ourselves to the test to make sure potential franchisees do find the right options for them whether or not that is a Bedshed franchise," he said.

To find out more about becoming a Bedshed franchisee check out their listing. If you would like to try out the Bedshed Franchise Calculator or to watch a clip of Bedshed COO Gavin Culmsee being interviewed on Sky Business News about the calculator, visit the Bedshed Website.