Brand Name
Hattch Score Summary
Assessment Completed:
2024-01-01
Culture determines the environment, strategies and practices that inspire and engage employees and you as a franchisee to perform optimally and is important to wider company morale and maintaining good relationships.
Great performance happens when cultural attributes are closely aligned with and support both the franchisor’s and franchisee’s goals. A culture that is congruent and clearly communicated provides endless benefits to everyone in the franchise organisation including greater effectiveness and brand equity.
A company that shares your cultural preferences will prove more compatible and help you reach your performance potential.
Matching your core values with a franchise's core values creates compatibility and harmony. Having shared values provides a solid foundation for a long-term business relationship.
Like-minded people have a basis for understanding, communicating and exercising judgment. Values alignment builds strong brand recognition.
Our research and that of others, show that there is a strong link between financial performance and values alignment. When the values of an organisation are in alignment with the aspirational values of you as a franchisee, the result is high performance.
For greatest satisfaction and effectiveness, you should seek a work or business environment consistent with your natural working tendencies.
Work Style translates into how you will delegate, direct, motivate, manage, evaluate and resolve day-to-day business situations.
Work Style is particularly important for you as a franchisee, as you will be held responsible for aligning your business with the pace, priorities and direction the franchise outlines for the system.
Stages of Growth are determined by a company's managerial style, organisational structure, formal systems, major strategic goals and founder/owner involvement.
As a franchise organisation grows, the systems and procedures will adapt to support an evolving business model, the needs of the franchisees and to satisfy end-user demands.
Within each stage of business, your skills and goals as a franchisee need to complement a franchisor's plans and market expansion strategies. A franchisee that is in-step with the franchise organisation's Stage of Growth will prove more compatible and likely perform better.
Your business skills and competencies are important. More important however, is how those competencies complement those a franchise is looking for to achieve high performance.
Having complementary skills and competencies provides a framework for forming collaborations between you and a franchisor. It reduces redundancy, makes wiser use of resources, provides points of correspondence and thus leads to greater value, compatibility and performance.
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Franchise Compatibility Assessment
Our 5 minute survey will create your custom business owner profile. Once complete, you will see a score for each franchise, telling you how similar you are to their best franchisees. This score will save you time in your research, and guide you towards choosing the right franchise. Watch a short explainer video.
There are no right or wrong answers, just select what you think describes you best! The two sections can be completed separately and your progress will be saved.
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Buying a franchise is typically funded by combining your savings with property equity you have, and financing the balance through a lender.
In addition to your savings and equity, banks can lend against the future cash flows of the business. This typically can be approximately 50% of the total investment required.
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Franchise Compatibility Assessment
Our 5 minute survey will create your custom business owner profile. Once complete, you will see a score for each franchise, telling you how similar you are to their best franchisees. This score will save you time in your research, and guide you towards choosing the right franchise. Watch a short explainer video.
There are no right or wrong answers, just select what you think describes you best! The two sections can be completed separately and your progress will be saved.
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Milky Lane Franchise Business for Sale in Altona North, VIC 3025
Welcome to Milky Lane where a wonderland of food and good time vibes collide.
It’s the place to go for the best burgers, the cheekiest decadent desserts and cocktails that taste like a party for the tastebuds (you simply can’t help but to order ‘another’ all night long). It’s the place to be for a throwback to good times, good music and fun. It’s a vibe like no other where hip hop culture meets interactive entertainment.
Whether you’re hanging with friends, out on date night or with the kids, it reminds you of good times. It’s a Milky wonderland where there’s something for everyone and whatever the occasion, it’s an experience you can rave about.
Do you have what it takes to be a top-performer at these franchises?
Our 5min assessment will rank you on the key attributes of Culture, Values, Work Style, Skills and Stages of Growth.
Do you have what it takes to be a top-performer at this franchise?
Our 5min assessment will rank you on the key attributes of Culture, Values, Work Style, Skills and Stages of Growth.
Further Info about Milky Lane in Example
Don't Believe the Hype?
Hear Directly from our Guests
Such a great place. Food was amazing! Friendly, helpful, welcoming staff. We were served by Henry who is fabulous! He made sure we were getting the best value for money and we definitely did! Great vibe. Highly recommend!
Amy - Milky Lane Newstead
The food here is pretty incredible! It looks just like the Instagram photos and the place / vibe is done pretty perfectly.
Duncan -Milky Lane Cronulla
Great service.Friendly staff very helpful. Large dining area, great view of the ocean. Great cocktails and children's drinks. Excellent smash patties, crisp and thin, delicious extra cheese flavour. Chips are extra crunchy Side of chicken bites are incredibly filling and tasty. Loaded tater tots hit the spot, again a great portion. Chicken burgers are full of flavour. All burgers that contained bacon was packed to the brim with crisp crunchy bacon. Definitely back for beef burgers 🍔 😋
Jono - Milky Lane Perth
Benefits of Becoming a Milky Lane Franchisee
FAST GROWING BRAND
Milky Lane is one of Australia’s fastest growing burger brands
ONLINE PRESENCE
On Social Media, we are #1 in Australia for any F&B brand
FULL TRAINING
Professional and comprehensive training, covering every aspect of owning and operating a Milky Lane store
ONGOING SUPPORT
Ongoing training, infrastructure and marketing support to help you achieve success
PERFECT PRICING
Our menu prices are strategically set within a value-based compromise between low-grade commercial burger brands and high-grade gourmet burger brands, making our product accessible, great value and premium.
It’s this proposition blend that indicates a quality dining experience, without the excessive price tag.
UNIQUE ART & DESIGN
Australians want the full décor experience today, and we offer that in spades. We take a lot of pride in ensuring that each store boasts a flair for individ- ualistic creative design, without being overpowering or intrusive, through the use of hand-painted, old school street art. The idea being that everyone who comes in instantly knows that it is a Milky Lane outlet, but a ppreciates the uniqueness.
SUPERIOR PRODUCT QUALITY
Our ingredients are sourced from quality local and national suppliers, all of which are hand-selected and screened by us for a variety of quality reasons, including food safety approvals from regulatory and international standard certification bodies. We can’t make our premium products without premium ingredients
Can't find the answer to your question? Reach out to us today and we will answer any other questions you have.
Do I need experience in Restaurant Operations?
No experience is required although related experience is useful. Milky Lane will provide comprehensive training at our own stores. The passion and effort of the Franchisee is the most important element of success.
How much does it cost?
The investment can vary depending on many factors. Location of the store, landlord's site contributions, size of the premises, level and type of equipment can all vary. The minimum requirement for investment is $150,000 – $600,000 (+GST) dependent on the site in Australia. There is also an initial franchise fee of $70,000 (+GST). Please note that these costs exclude the real estate cost. A royalty fee of 6.5% of gross sales is paid every month and each outlet contributes a maximum of 2% of sales towards online advertising
How much can I expect to earn?
Earnings from a store can vary widely and Milky Lane cannot estimate the results of any particular Franchisee. Success is based on a number of factors; the most important of which is the excellence in operational standards upheld by the Franchisee. There are business risks involved in starting any new business and earnings are not predictable.
When could I be up and running?
You could open your new store in as little as 4 months. You need to allow for 8 weeks of training and for the store build to be completed. Your cooperation with the Franchising team will ensure your application progresses as quickly as possible.
Can I have other Businesses too?
At this point in time we only accept owner operator applications who are invested in running a successful store. Therefore, we suggest that you do not have any other business interests when you become a Franchisee, however, this is not mandatory.
Do I need a Citizenship or Residency?
Yes. All Guarantors and Owners of a Sub-Franchise company entity must be permanent residents of the country in which the store is located. This policy applies to the 51% majority shareholder, any minority business partner/s and the spouse of the 51% majority shareholder. The Spouse of the 51% majority shareholder in the Sub-Franchisee entity is required to be a Guarantor under the Sub-Franchise Agreement. For the purposes of this Policy, “Spouse” means the married or de facto partner of the 51% Shareholder. This includes a couple, of any gender, living together on a genuine domestic basis.
I'm Interested. Whats Next?
Please contact us with your expression of interest. On receipt, we will send you an information pack along with the Comprehensive Application Form and the Confidentiality Agreement for you to complete and submit to Milky Lane. All information will be treated in strict confidence. When an opportunity arises, we will arrange for an interview to discuss the next step in becoming a Milky Lane Franchisee.
Other Milky Lane listings near Altona North, VIC 3025
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Franchise Overview
Franchisees
Franchised Locations
Corporate Locations
Franchised partner type
Business type
Year Established
Investment Range
Investment Requirements
Buying a franchise is typically funded by combining your savings with property equity you have, and
financing the balance through a lender.
In addition to your savings and equity, banks can lend against the future cash flows of the business.
This typically can be approximately 50% of the total investment required.
To understand if you can afford a Celebrity Ink franchise, based on your current circumstances, use our
handy investment calculator.
Critical Information Statement
No Critical Information Statement available.
Personal Information Collection Statement
We collect your personal information to respond to your enquiry and to send you information about our franchising opportunities. We may share your information with our franchisors and their representatives. For information about how we handle your personal information, including how you can request access to and correction of your personal information or make a complaint, see our Privacy Policy.
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The following is a summary of how 's Business Builder Profile compares to Milky Lane's top-performing franchisees, and provides an indicator of how well they are matched in terms of work style, culture, preferences and competencies.
This profile was generated using the hattch survey - to learn how you match to each franchise take the hattch survey now!
Brand Overview
Country of origin: Australia
Year established: 2015
Year franchised: 2017
Industry: Cafe, Food & Beverage
Category: Bricks & Mortar
Franchise partner type: Owner Operator
Investment: 500000 - 2000000
Corporate sites: 2
Franchised sites: 12
Franchisees: 9
Match Summary
Match Insights
Milky Lane has outlined the following requirements to become a franchisee partner.
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You can meet the minimum investment level of $500,000 for this franchise opportunity.
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You are an Australian Citizen or Permanent Resident
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Success
We have sent an email introduction to you and the team at Milky Lane. This starts the conversation thread between you and Milky Lane and contains some important information that you should review.
If you’ve any questions, just let us know at info@hattch.com - we’re here to help!