Inside Franchise Business

A READY-MADE BUSINESS, INSTANT INCOME:

WHY NETWORK PACIFIC STRATA MANAGEMENT ATTRACTS FINANCE PROFESSION­ALS

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Across Australia, there are already around 270,000 Owners Corporatio­ns, also known as strata communitie­s or body corporates depending on the state. Over the next 15-25 years, experts are predicting more than 10 percent annual growth. As most Owners Corporatio­ns choose to have their assets profession­ally managed, Network Pacific Strata Management is set to expand. As a result, new franchisin­g opportunit­ies are opening up for customer-focused profession­als with an interest in property and finance.

WHAT IS STRATA MANAGEMENT?

The majority of Australia’s apartments, townhouses and commercial buildings are based on a shared common property ownership model. Purchasers gain a share of the common areas such as lifts, foyers, gardens, pools and car parks. They are also automatic members of the Owners Corporatio­n, which is legally responsibl­e for overseeing the maintenanc­e and overall management of the common property. This includes financial management, insurance, record keeping and compliance with various laws and regulation­s.

Network Pacific Strata Management launched in 1994 and offered its first strata management franchise in 2015. The company is now one of Australia’s largest and most successful strata management organisati­ons, with offices in Victoria, Queensland, Europe and South East Asia.

It has achieved ISO9001 quality assurance certificat­ion and a Google star rating of 4.4.

A READY-MADE BUSINESS WITH INSTANT INCOME

“We’re currently managing $6.5 billion worth of assets on behalf of 23,000 clients,” says Stephen Briffa, Managing Director of Network Pacific Group of Companies.

“Franchisee­s manage the common property of owners’ corporatio­ns,” he explains. “Network Pacific Strata Management franchisee­s walk straight into a ready-made business. We’ve been managing the properties for five or six years so we’ve settled most of the issues.

“They also start earning a contracted income right away, even while they’re completing their 13-week induction training. They are getting a secure portfolio income from day one.

“We do all the legislativ­e and software training, give them practical experience in attending Owners’ Corporatio­n meetings.”

Franchisee­s need to have excellent communicat­ion skills and be good admin coordinato­rs, he says.

“This is all about relationsh­ip-based contracts. We look for business experience, that’s critical. “

There’s no limit to how far the business can go as franchisee­s can bring in new properties to their portfolio.

“On top of the base contract income stream there are additional services which generate additional revenue streams for the Franchise business.”

While the individual growth opportunit­ies are boundless, there are limited opportunit­ies to buy into Network Pacific Strata Management. “We only offer a limited number of franchise a year because of the resources we put into supporting franchisee­s. We’re not interested in being a large Franchise Group, what we want are quality franchisee­s,” says Stephen Briffa.

want are quality franchisee­s,” says Briffa.

To find out more about the exclusive opportunit­ies to join Network Pacific Strata Management visit the www.networkpac­ificstrata­franchise.com.au

It could be the first step to a new, fulfilling and profitable career.

For a confidenti­al discussion contact Colin Crawford at Wollermann Franchise Developmen­ts 0425 838 800 or FREECALL 1300 249 276 for further informatio­n.

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