Frequently Asked QuestionsWant to know more? Following are the questions most frequently asked by people who are interested in opening a Banjo's franchise.
What experience do I need to operate a Banjo's franchise?No formal qualification or experience within the baking industry is required to operate a Banjo's franchise. Banjo's seeks franchisees who fit the following criteria:
Does Banjo's require franchisees to be actively involved in operating the business?Banjo's considers one of the key success drivers of the business to be the level of input a franchisee has in the day-to-day operations of the business. It is essential that a franchisee becomes personally involved in all aspects of the business. The demands on a franchisee can be reduced by a franchisee's ability to attract, motivate and retain highly capable employees. What type of training does a franchisee receive?All franchisees must complete a comprehensive training program covering all aspects of operating a Banjo's franchise. The majority of the training is undertaken on the shop floor in an existing franchise. How much can I expect to earn from a Banjo's franchise?The profitability of a Banjo's franchise varies depending on a number of factors, including sales, location, the amount of time you work, other operating costs and the ability of the franchisee to manage and control the business. It is important to recognise that you're starting a new business and there are always risks involved. The franchisor makes no guarantees or representations as to the level of profitability that can be expected from a Banjo's franchise. Who is responsible for selecting the location and fitting out my store?The franchisor will always secure the site for a Banjo's franchise and negotiate a long-term lease. The franchisor also overviews the development and building of each store. The franchisee is responsible for all costs associated with the fit-out of a Banjo's store. What hours will the store be open?Banjo's stores trade 7 days a week for long hours depending on customer demand. Does Banjo's provide assistance in opening a new store?A store opening team will assist all new franchisees in commissioning, testing and opening a new franchise. This team remains in place to support a new franchisee until they are comfortable running the store, usually four weeks after opening day. How much is the ongoing franchise fee?Each franchisee must pay 10% of gross sales to the franchisor on a weekly basis in arrears. This fee covers a wide range of operational services provided by Banjo's, including:
How much does it cost to set up a Banjo's store?The cost of a Banjo's store depends on the particular characteristics of the site selected. Factors such as size, age, previous use or landlord's contribution toward the works all affect the set up costs. In general terms, the cost will be between $250,000 to $400,000. I am interested in a Banjo's franchise. What do I do next?Complete the franchisee evaluation form on this web site. Once received, we shall forward to you a franchisee pack which requests detailed information about you personally and your financial situation. This information will be reviewed and if it is considered appropriate an interview will be organised. |
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