Smith & Sons Franchise Business for Sale in Morwell, VIC 3840

• Established in 1980
• First franchise store opened shortly after establishment
• Largest networked home renovation company in Australia and New Zealand
• Over 80 franchise partners
• Four decades of operational experience
• Provides systems, resources, and tools for builders
• Supports builders in managing finances and marketing
• Aims for builders to achieve better work-life balance
• Focus on building a secure future for families

• Bathroom Renovations
• Kitchen Renovations
• Laundry Renovations
• Deck and Pergola Construction
• Garage Conversions
• Small Home Extensions
• Second-Storey Extensions
• Full Home Makeovers
• Knock-Down Rebuilds

Services include a Design-Plan-Construct process

• Targets skilled and licensed home builders transitioning to business ownership
• Appeals to builders valuing family, community, work-life balance, and financial stability

• Significant growth in the renovation and extension industry, driven by COVID-19
• Increased demand for medium-sized renovation projects
• Large-scale renovations supported by government initiatives like HomeBuilder
• Rising property prices and low interest rates encourage investment in existing homes
• Shift in demand towards detached homes due to apartment living limitations

• Ongoing fees are part of the franchise agreement.
• No specific percentages for royalties or marketing fees are provided.
• Franchise benefits from brand and marketing support.
• Low setup costs are indicated.

For precise details, contact Smith and Sons or review their franchise disclosure document.

• Business Management: Tools and strategies for effective financial management.
• Marketing: Robust marketing strategy for client growth.
• Time Management: Proven processes for better time management.
• Operational Support: Systems and resources for a successful home renovation business.
• Ongoing Training and Development: Support for transitioning from craftsmen to business owners.

A typical day for a Smith & Sons franchisee in Australia involves:

• Managing financial and administrative aspects, including accounts and quotes
• Engaging with clients to discuss and finalize renovation projects
• Overseeing multiple renovation projects, such as kitchen and bathroom renovations
• Participating in marketing activities and tracking leads
• Receiving ongoing training and support from Smith & Sons
• Managing a team of builders, carpenters, and project managers
• Navigating operational challenges and fluctuations in workload

• Franchisees should be skilled and licensed home builders.
• Core staff includes builders, carpenters, and tradespeople.
• Project managers may be needed to oversee renovation projects.
• Design and planning staff are necessary for initial renovation stages.
• Staff should have relevant building and construction skills.
• Franchisees need business management skills.
• Administrative support may be required for customer service and scheduling.
• Marketing and sales staff or contractors can help promote the business.
• Training and support are provided for financial management, marketing, and time management.

• Locations across ACT, NSW, QLD, VIC, and WA
• Over 80 franchise partners with allocated territories
• New locations established where there is demand for home renovation services
• Recent expansions include the Gold Coast in Queensland
• Master franchisees provide regional support
• Franchisees are often local, understanding community needs

For detailed information about financing options, we recommend reaching out to Smith and Sons using the "Send Enquiry" function on Hattch.

• Skilled and licensed builders
• Business acumen
• Commitment to hard work and positive attitude
• Importance on family and community
• Experience in the industry
• Ability to follow proven systems

• Proven track record of over four decades in the renovation industry
• Low setup costs starting from $23,000
• Comprehensive systems and resources for effective business management
• Dedicated three-step renovation process: Design-Plan-Construct
• Extensive experience with over 15,000 renovations completed
• Support for better work-life balance
• Comprehensive marketing and digital support
• Collaborative network of like-minded entrepreneurs
• Financial stability and future security

• Regulatory and Legislative Changes: Risks from updates to the Franchising Code of Conduct can lead to increased compliance costs and legal liabilities.
• Financial Performance Representations: Misleading claims can result in legal disputes and damage to investment.
• Insufficient Training and Support: Lack of adequate training can lead to legal issues for the franchisor.
• Quality Control Standards: Adherence to quality standards is crucial; failure can harm brand reputation.
• Reputation and Brand Damage: Non-compliance by others can negatively impact individual franchisees.
• Business Interruption and Economic Slowdown: Risks from natural disasters or economic conditions affecting cash flow.
• Cyber-Attack and Data Breach: Increasing reliance on technology raises risks of data breaches; 67% of franchisees express concerns about data security.
• Ongoing Compliance Procedures: Franchisees must meet ongoing legal obligations to avoid risks.

Territory and Market Risks: Risks from territory encroachment and competition require clear definitions and strategies