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Club Financial Services is planning to expand its national franchise outlets from 25 to 150 within the next five years.
The company’s managing director Andrew Clouston told Mortgage Business the company aims to achieve this through opening one new franchise each month.
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“There is a lot of risk in the industry at the moment, however, we believe the market is ripe for strong and solid growth,” Mr Clouston said.
According to Mr Clouston, the business started trading in 2002 – during a time of high interest rates and booming property markets, which helped the organisation gain a solid foothold.
“Booming property markets aside, it was the directors' market knowledge, industry expertise and drive to succeed that truly pushed the business forward.''
Since its inception the company has taken over three offices – giving weight to the benefits of establishing a franchised-brand.
Mr Clouston said the benefits of franchising included risk mitigation, surety of distribution and pooled resources to drive the brand.
"A further advantage of owning a franchise would be the saleability of a business within a business,'' he said.
“There are a lot of opportunities for brokerage companies at the moment. We offer a range of products including those from non-bank lenders. We offer every customer a high level of diversity.”
