Irony Alert : Caltex Franchise Model now under the spotlight


Irony Alert : Caltex Franchise Model now under the spotlight

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Gazprom 2.0
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It's on.......

7/11, Dominoes, Caltex,  Donut King, Brumby's, Michel's Patisserie, Gloria Jeans, Crust Gourmet Pizza and Pizza Capers

https://www.brisbanetimes.com.au/business/calls-for-probe-into-donut-king-get-louder-20171212-h03b21.html

excerpts

Since Fairfax broke the story on Retail Food Group at the weekend with revelations that showed many franchisees were going to the wall due to a brutal business model, many more have come forward with tales of woe.

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That is a good start but it doesn't go to the heart of the problem, which is the franchise model itself.

A key issue is the power imbalance, which can and does get abused.

Caltex is doing a wage compliance audit of its network of franchised stores. Under Caltex's franchise agreement, it can seize control of a station when there is even modest underpayment of wages without paying any money to the franchisee. So far it has taken over more than 100 stores and the franchisees have lost everything. Some franchisees paid more than $500,000 for a store.




March 2016 - One of the Caltex suits, Bruce Rosengarten
“Between Caltex and FFA, we touch many Australian lives across the nation and we look forward to celebrating Socceroo success with all the fans.



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Waz
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The franchise model in Australia. Broken by greed.

And those 100 franchises that “failed” get taken over by the franchisor and re-sold at a tidy profit. Sound familiar?
Edited
9 Months Ago by Waz
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money for jam
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Caltex to scrap franchise model 



http://www.abc.net.au/news/2018-02-27/caltex-to-scrap-franchise-model-as-it-dives-deeper-into-retail/9488160

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Australian football?

M80.

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Waz - 14 Dec 2017 5:47 PM
The franchise model in Australia. Broken by greed.

And those 100 franchises that “failed” get taken over by the franchisor and re-sold at a tidy profit. Sound familiar?

The franchise model itself is just a disguised pyramid scheme.
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paladisious - 27 Feb 2018 5:18 PM
Australian football?

Can't be having the Franchise model and the FFA's Main Sponsor in the section that gets read eh ?

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Retail Food Group stocks hit 10-year low on $88m loss and 200 stores to be closed



RFG did not specify how many stores from each of its franchises would be closed down.

The company blamed "unsustainable rent", "declining shopping centre performance" and a "sharp decline amongst domestic franchise sales and renewals" as the main reasons for its "disappointing performance".



   "clear from the review process that RFG needs to reset its business model and enhance its support to franchisees, including accelerating the delivery of initiatives that increase their revenues, reduce operating costs, and provides them with a more 'hands-on' assistance in the field".


http://www.abc.net.au/news/2018-03-05/retail-food-group-shares-plunge-on-store-closures/9509156



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Edited
6 Months Ago by Buggalugs 2.0
paulbagzFC
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lol heard about how high their non compliance was with most franchises.

Terrible shit.

-PB

http://i.imgur.com/6NzMzeY.png

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