Low start-up costs for a terrific return
In a world where franchisees and brokers often struggle with large fixed cost bases including rent, fit outs, machinery, stock etc, the Mortgage Choice business model is vastly superior as overheads and operating costs are minimal. The business is designed to be flexible and mobile.
Startup cost for a new franchise will depend on location. See costs below for Metro and Regional areas:
Up-front costs for a new franchise - Metro Area
- $12,000 Training fee
- $30,000 License fee
- $2,000 Administration & marketing supplies
- TOTAL $48,400 inc GST*
Up-front costs for a new franchise - Regional Area
- $12,000 Training fee
- $20,000 License fee
- $2,000 Administration & marketing supplies
- TOTAL $37,400 inc GST*
*It’s recommended that you budget at least 12 months working capital on top of this cost to keep you going in your first year of operation.
Up-front costs for an existing franchise
- Negotiated sale price of business (loan book and database)*
- $12,000 Training fee
- $2,500 Administration & marketing supplies
- TOTAL $15,950 inc GST**
**Sale price varies. See the existing franchises for sale page for sale price of each franchise.
Key benefits
- Affordable start-up, minimal overheads - franchisees are not required to buy or rent premises, pay for fit outs or signage, purchase or lease equipment nor employ staff to satisfy trading hour requirements.
- Scalable business model - if you decide a branded location will support and grow your business, then you may go for it, but you are not required to.
- 12 months’ working capital - While in the Mortgage Choice business model overheads and operating costs are kept to a minimum, all of our most experienced franchisees all agree on how important it is for new brokers to be able to fund themselves for the first year.
In all start-up businesses cashflow is tight. We want prospective new franchisees to be aware of this reality, and be properly prepared for it. In addition to the cost of purchasing a Mortgage Choice franchise, there are also some other standard operational costs that you should take into account.
Enquire now
|
State*
|
|
How did you hear about Mortgage Choice?*
Comments