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Do
Franchises
Of Singles Dinner For Six
Concepts Exist ?
© David Newton 3/11/10
Commentary article ...
If you have been looking around to get into the singles dinner business – then yes, you
will find the Dinner For Six concept already as a franchise. Prices vary around
the Franchisors of this concept. And rightly so, there is a lot of software,
systems and training behind starting your own Dinner For Six group.
The concept of Dinners For Six isn’t new in a sense.
Variations of this dinner concept have been in circulation since the early
1980’s and from my research it dates back to a dinner for eight group that was
around in Brisbane during the early 80’s. large ads were in the Courier Mail
newspaper inviting people to join the one club then. At the same time, a new
club with just a minor variation popped up in Melbourne in 1989. it was hit
seller, the guy who owned it at that time told me he was making a massive amount
of money running the dinners. His ads were very prominent in The Age newspaper
section known as Saturday Extra.
In the early 1990’s Harry the original owner began selling franchises to others
in states around Australia. But in 1994 another man from Perth began attempting
to sell his version of the same thing calling it Round Table Six. Similar
versions are still going on, such as Six For Supper in Sydney and A Table For
Six based out of Brisbane with an active franchise network around Australia.
Overseas you'll discover several businesses similar to this in the US, Canada and
the UK.
So the usual question then is how much are those franchises selling for?
In the early day I first spotted these din ner groups franchising their business
at around $6,000 to as high as $15,000 – that was around 15 years ago. These
days you’ll be able to buy into a franchise at about $35K to as high as $80K.
now you might wonder what you’ll get with that type of investment?
In a few cases you’ll get a total business system, with software and customers
waiting. But some are far from being that sophisticated – a few years back I saw
one dinner group lady trying to sell her business for as high as $100K with no
software, no systems and only a client list to offer, her business simply ran on
“post it notes” and spreadsheets. (Needless to say she had to sell for a lower
price as she had no systems.)
Let me tell you something folks, you need more than that if you pay out that
high a price.
Personally Ive worked with several dinner group over the last 2 decades, more
recently with A Table For Six – and I’d say their franchise system offers the
most benefits to new franchisees as they have a fully developed system with each
franchisee doing mostly the fun work like seeing clients and running events, and
even then systems online and offline help the franchisee with running the
business.
So does this mean we place a value on systems?
Yes it does! What’s more a systematized business is by nature much easier to run
and more profitable too. Systems reduce the amount of time in doing regular
tasks with in a business and mean you have a way of doing things for each
situation and customers get an even experience from your business each time they
buy. And when you do sell your business you’ll be able to justify the price
you’re asking and
So in closing, think about this if you build your dinner business based on
systems it will run easier and later you’ll earn more and be able to sell it for
more.
Host Your Own Social Dinners?
You like going to social dinner functions - so why not run dinner events in your
area?
Learn from my experience, documented notes on how to create profitable events
while you boost your social life.
www.DinnerEventsProfits.com
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