What are BDO’s Franchise Services?
New Zealand's franchise sector is huge, and is the business structure of choice for many retailers. However, due to increased scrutiny and changing market conditions, the sector also faces its own unique set of challenges. In order to respond to these difficulties and locate areas for improvement, it's essential franchisors have access to extensive amounts of data.
That's why BDO has built a comprehensive franchise advisory service. We can cover the whole of a franchise's accounting needs in a cost-effective way while also providing a broad range of advisory services.
In addition, our team is uniquely structured - we have experience in both franchise and non-franchise businesses. This means we complement our knowledge with experience from organisations in similar or comparative industries to give you fresh insight into your own strategy. Likewise, our team has been working with franchises for years, so can use our extensive experience and knowledge to inform your own business strategies.
We also regularly visit franchise stores to experience their systems and processes in order to find areas for improvement.
Specific franchise services include:
- Assessment and strategy.
- Buying or selling a franchise.
- Compliance - including bookkeeping, reporting and payroll.
- Debt advisory and finance assistance.
- Due diligence.
- Franchising business advisory and performance monitoring.
- Is franchising right for you?
- Risk management.
- Systems, policies and processes.
Our franchise advisers have experience working with a broad range of franchises in industries such as food and beverage, real estate and pharmacies, both private equity and publicly traded.