ChipsAway looks to its next phase
Be your own boss with a turn-key ChipsAway franchise. ChipsAway guarantee that all new franchisees will receive a minimum of £80,000 worth of customer enquiries* in their first year and are given all the support and training needed to start a successful paint and bodywork repair business.
ChipsAway’s parent company has been reflecting on the exciting future of the brand in its 2018 end-of-year report.
As parent company Franchise Brands reflects back on its 2018 results, van-based franchise ChipsAway has been looking ahead to the future, which will see it undergo big changes.
Although 2018 didn’t bring as many new franchisees in as ChipsAway had hoped, it’s already seen a significant increase in the number of franchise enquiries from prospective franchisees. The franchise will begin transitioning from van-based mobile repair centre to operating from larger Car Care Centres and the executive chairman of Franchise Brands, Stephen Hemsley, explained why this is significant:
“ChipsAway continues to grow Management Service Fee income with 30 percent of the network now paying turnover related, as opposed to fixed, fees. ChipsAway is in a transition from a van-based operation undertaking SMART repairs where the franchisees pay a fixed monthly fee, to Car Care Centres which undertake larger repairs and where the franchisees pay a turnover-related MSF of 10 percent. As a result of this transition and the relative decline in recruitment income, MSF income now represents 62 percent of ChipsAway income (2017: 57 percent) and 30 percent of MSF income is turnover-related rather than a fixed monthly fee. This represents a significant improvement in the quality of our income. To encourage franchisees to invest in Car Care Centres (of which we already have 33) and the specialist equipment needed to deal with driver-assist technology and electric vehicles, we will shortly be opening a new model facility in Kidderminster. This will give us the ability to test the effectiveness of new equipment and to train our franchisees in its use.”
As part of the successful Franchise Brands family, ChipsAway has grown its number of franchisees significantly in the last few years. It hopes to continue its success in the coming years.
Sophie Cole, Point Franchise ©
ChipsAway unveils its transformed banger
ChipsAway has revealed the design for its renovated banger that it will be entering [...]News published on 07/10/2019 08:00
ChipsAway shares secret to success
ChipsAway has been sharing what its franchisees should expect from their franchisor [...]News published on 01/10/2019 16:00
ChipsAway’s training is recognised as outstanding
ChipsAway has once again reached the required IMI accreditation standards, marking [...]News published on 09/08/2019 16:00
ChipsAway races bangers for charity
ChipsAway will be taking part in a charity banger rally that will see participants [...]News published on 03/08/2019 08:00
Chipsaway puts safety first
Chipsaway is keeping up with the fast pace of new auto innovations to ensure its [...]News published on 02/06/2019 08:00
If you’re a business owner, you’ll want to generate as much profit as possible. [...]Article published on 12/12/2019 11:15
FOCUS ON BUSINESS SECTORS