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Growing and Doing Business in Australia
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Transcript
This is going to be the first of two episodes where Andy and Jessica will talk about growing and doing business in Australia. Andy traveled to Australia and met with the experts during the United Franchise Group Expo. Australia is a huge market — 25 million people population which makes it into a great place to do business. In this episode, you will hear Australian business owners that have been able to expand, some of them through mergers and acquisitions.
If you are thinking to expand your business anywhere in the world starting from the United States of America, this is the perfect episode for you since Australia offers the benefits of a very safe country, monetarily very similar to the U.S. as well as in regards to laws and regulations. Simply a great place to do business!
Key Takeaways
[6:18] Gary Malcolm for JB’s Wear.
[8:32] JB’s is owned by a salesperson.
[10:05] Gary talks about the inventory levels.
[12:07] Deal of the week: Tony Hancock (Gold Coast, Australia). Small Franchiser, five divisions, Lawn mowing Franchise, multiple of three times the earnings. The client was an expat from England.
[14:25] Mark Canavan from Graphic Art Mart.
[15:18] Mark Canavan talks about the background of Graphic Art Mart.
[17:18] Mark talks about the expansion of his business.
[18:02] The importance of investing in inventory.
[18:31] Graphic Art Mart has an online ordering system.
[19:24] Graphic Art Mart grew from funding.
[20:35] Wayne Hood from Spicers.
[20:59] Spicers have been supplying the graphic industry for more than 100 years.
[21:51] How does a business last for 100 years?
[22:33] Wayne Hood talks about Spicers’ customer service.
[24:07] Spicers has recently expanded to the Japanese market.
[26:58] Wayne Hood explains how select partnership works.
[27:28] Listing of the week: Tony Hancock (Gold Coast, Australia). Franchisee Dry Clean. Price: $150,000 including vehicles. SDE: $150,000.
[30:00] Ray Titus, United Franchise Group.
[30:26] Ray Titus talks about how he went to Australia.
[33:45] Ray Titus gives advice to entrepreneurs thinking about expanding in Australia.
[38:01] Ray Titus details how new businesses are being brought to Australia.
[39:02] The current situation of Transworld Business Advisors in Australia.
Mentioned in This Episode
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