Col’cacchio Pizzeria talks to Expansion Experts
Col’cachhio Pizzeria took part in a Franchise Success Study undertaken by Expansion Experts (in Asheville, North Carolina). When asked what makes for successful franchising, Michael Terespolsky, CEO and Co-Founder of Col’Cacchio pizzeria responded as follows: “Franchise success is about having an unwavering passion and love for what you do and for sharing it with others. Col’Cacchio pizzeria opened its first location in Cape Town, South Africa, 21 years ago and started franchising in 2003. From the beginning we were not so much driven by our bottom line as we were by our passion...
Read MoreIssuing the Disclosure Document
The franchise disclosure document (FDD) contains a lot of confidential company information including, financial projections showing potential business unit performance for franchisees, franchisor financial information, supplier lists, franchisee lists, details pertaining to the franchise agreement, and business operational information. For this reason the franchisor should not issue the FDD to all individuals who come knocking and express interest in the business opportunity. It is advisable to qualify the lead first and the franchisor should therefore ask prospective franchisees to complete...
Read MoreGetting franchisees to use that ops manual!
The operations and procedures manual is the heart of a franchised business and compliance with it will ensure happy customers and successful franchisees – yet many franchisees ignore the manual. What are your thoughts on this important issue?
Read More