Inside Franchise Business

MASTER FRANCHISEE­S SOUGHT

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Home-building and timber specialist, Thermawood is offering a number of master franchise opportunit­ies.

The New Zealand-founded franchise offers customers an innovative and exclusive double-glazing and retro-fit window solution, improving a home’s existing timber joinery.

Launched in 2009, Thermawood establishe­d a solid foundation in New Zealand before making the leap across the pond in 2015.

Now with more than 50 franchised locations operating in Australia and New Zealand, the brand is gearing up to tackle a host of new territorie­s, kicking off with a number of master franchise opportunit­ies.

The Victorian master franchise has already been snapped up, with new operator Jacki Cook revealing the unique business model provided the perfect platform for success.

“When we were offered the master franchise for Victoria we jumped at the chance as we knew what a great opportunit­y it was to get into a unique business like Thermawood,” she said.

The expansion is set for all major cities across Australia, with master franchise opportunit­ies on offer in Queensland, Western Australia and Tasmania.

OVERSEAS STRATEGIES Mad Mex

has kicked off its inaugural Asian expansion with a new outlet in Singapore. The site is the first to be opened in collaborat­ion with Singaporea­n fast-food chain 4Fingers, after the brand acquired a 50 per cent stake in Mad Mex last year.

In addition to the latest site in Singapore’s bustling Marina Bay Financial District, the Mad Mex global expansion is also set to hit Malaysia in December.

The Malaysia growth would bring Mad Mex’s internatio­nal territorie­s to four, following successful expansion into New Zealand in 2013. The New Zealand enterprise currently operates 15 restaurant­s across the region with three more slated to open before the end of the year.

Mad Mex founder Clovis Young said the global developmen­t announceme­nt had helped to generate the chain’s most successful year to date: a 6.5 per cent rise in like-for-like sales, following 70 weeks of sales growth in Australia.

Core Plus

is heading for Canada with the launch of its first north American site in Toronto in 2020.

Canadian investors have signed up as master franchisee­s.

Core Plus has been operating for three years and has a network of five studios across Melbourne, with eight new locations set to open around the city by mid-2020.

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