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Franchising is a very different type of business opportunity in Ireland as you
are buying into a full concept which includes every aspect of running a
particular business
Name: Susan Mulvihill
Company
Name: Italian Inspiration Ltd.
Location: Limerick
Length of
time in operation: Over 2 years
Professional
background before becoming a franchisee: I held the position of Administration
Manager in franchise operation for four years.
My duties included accounts, HR, payroll and general day to day running
of a busy office.
Why did you
become involved in franchising: After working within a franchise operation I
felt it was the best way to become self employed. I liked the idea of buying into a tried and
tested concept.
Why did you
choose this franchise business: I was looking for a business in the food
industry and that was when I came across O&F. I was very excited to become part of a new
unique concept and as there was no O&F outlets in Ireland the
challenge really drew me. I really liked
what O&F was offering to the public and thought that the market was ready
for such a specialised concept.
How did you
research the company before setting up: I checked it out on the web first of
all and then contacted O&F for further information. A meeting was then set up in their St. Albans
store where I met with the Master Franchisee for the UK and also the MD of O&F
Italia.
What
difficulties did you face starting off: As I was the first O&F outlet in
Ireland my first challenge was to get finance, usually franchise operations are
looked on as good investment opportunity by the financial institutions however
as this was the first of its kind in Ireland I had to convince them that it
would be a success. However once finance
was arranged and I was in a position to open my store things moved very quickly
and I was up and running thanks to the help of my Italian partners within 6
months of my original enquiry.
How did you
overcome these difficulties: I had huge confidence in the brand and concept I
never felt like it could fail and I think my confidence encouraged the bank to
invest in me. I put together a very
detailed business plan and cashflow analysis and explained why it was going to
work.
What advice
would you give to others who have just started franchising or are looking for a
franchise business in Ireland: I would suggest that you get as much
information as you can about the business you are interested in. Also visit as many outlets as possible and
really get to know the product/service. Being a franchisee is a very different type of business ownership as you
are buying into a full concept which includes every aspect of running a
particular business. The product/service
has to be right for you and you need to have confidence in the Franchisor that
they know what they are doing and generally their way is the best way as it is
tried and tested.
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