Long time franchise law expert Stewart Germann, sometimes known as ‘The Franchise Coach’ has cemented a deal in the UK to bring a portfolio of global franchise heavyweights to New Zealand.
The new franchises include companies representing $NZD5 billion in revenue, employing tens of thousands of people globally.
They incude seven restaurants and two non-food franchise brands.
The portfolio includes the iconic TGI Fridays restaurant brand which was founded in the US in 1965 and now boasts almost 700 restaurants in more than 50 countries.
Other notable brands include the highly successful Earl of Sandwich chain, and relative newcomer Teriyaki Madness, which since opening in 2005 has expanded rapidly to 110+ restaurants around the world and was labelled by Restaurant Business as the number one fastest growing big restaurant chain.
In a press statement, Germann says the deal represents a significant opportunity for Kiwis who would like to leverage the power of global brands with proven successful models, for New Zealand customers.
“Having access to this portfolio of global opportunities means that when Kiwi clients approach me, we can be very strategic about marrying them with the right sort of opportunity,” says Germann. “We can look at any relevant expertise, location, financial and lifestyle considerations they might have, and set prospective franchisees up with a recipe for success that’s been tested in the most competitive global markets.”
Troy Franklin, Managing Partner at World Franchise Associates who represent the global brands, says bringing this opportunity to Germann was an obvious choice.
“Stewart is a globally regarded expert in franchise law, and his law firm, SGL, has for many years been involved in helping broker significant franchise deals, and facilitating and simplifying complex structural arrangements in the New Zealand market,” says Franklin.
“Since taking the reins as The Franchise Coach, a consultancy with an impeccable forty-year pedigree, Stewart has further bolstered his reputation as a master at connecting the right people with the right opportunity at the right time. We’re excited to have Stewart onboard, finding the right partners to bring some truly iconic brands to Kiwi shores.”
Germann is encouraging enquiries from any New Zealand residents considering their next business venture, and says due diligence and franchise application processes can begin immediately, with the right candidates.