Fact Sheet Concept
Business cash flow solutions
Key People
• Director Fifo Capital International: Nigel Thomson • National Credit Manager, Australia: Melissa Lovf • Director, Australia: Neil McMillan • Director, Australia: Simon Suggett • National Operations Manager, Australia: Andrew Allen
Qualifications Required
• Good communication skills • The ability to network and sell products in a business community • The ability to work as part of a team
Business Established
Fifo Capital was established in 2005.
Franchising Commenced
Franchising commenced in 2005 and has expanded to just under 50 offices throughout Australia and New Zealand.
Training Provided
• Initial and ongoing training • 90 day business coaching • Ongoing training where necessary regarding refresher training and new products and services. • Regular training webinars
Marketing Support
You will have access to a free marketing campaign run by Fifo Capital.
Marketing Campaign Example
See some samples of marketing materials for fran chisees on this page.
Our Customers
Business owners looking to speed up cash flow or are awaiting payment of invoices from clients or customers.
Capital Investment Required
The entry cost of the franchise is $49,500 plus GST and you will need a minimum of $120,000 of working capital.
Finance Options
Financial institutions within Australia and New Zealand.
Number of Units
There are 44 Fifo Capital offices in states within Australia and the main New Zealand cities. There are plans in place to expand into Asia and parts of Europe. Page 1 of 2
Information provided by Fifo Capital and correct as of 17/12/12 - while all care is taken, information should always be confirmed with franchisor. To contact Fifo Capital, contact Jane Lombard at 1300 139 557(National)/0408 226 841(Phone)/(03) 9876 6612(Fax) or send an email to jane@thefranchiseshop.com.au
www.franchisebuyer.com.au
Fact Sheet Franchise Agreement Term
The franchise rights are granted for a total of 20 years: an initial period of 10 years, followed by two further 5 year terms.
Sites / Territories Available
All states and territories of Australia, as well as New Zealand.
FAQ
View or download the Fifo Capital FAQ sheet on this page.
About Fifo Capital Every day, all over Australia, small business owners are desperate to get more cash into their bank account. They have bills, staff and suppliers to pay. The frustration is that they have made sales but are waiting for their own accounts to be paid. In short, they have the asset but they don’t have the cash. Fifo Capital can make cash available to these business owners by buying some of the invoices to a value to match their immediate cash demands. The process is simple, quick, and does not require any approval from their banker. In fact existing clients can have working capital within 24 hours. Fifo Capital buys selected invoices from clients so that clients do not have to wait to turn their credit sales into cash. It's called invoice finance. On purchase, Fifo Capital immediately pays the client 80% of the face value of the invoice. Then when the client's customer settles the invoice, Fifo Capital pays the balance of 20% to the client, less a fee - it's that simple. For example, a client may select a single invoice worth $50,000. Fifo Capital buys the invoice and immediately pays the client $40,000. This enables the client to meet current commitments, to make an immediate investment in new plant or equipment, or simply pay wages. Once the customer settles the account, they pay the Fifo Capital fees, in this example, $2500, and Fifo pay the remaining balance of $7500 to the client. Fifo Capital is a successful finance business provider structured on a well tried and proven franchise system; this way, Fifo Capital clients are better catered for as they only correspond with people firmly committed to providing exceptional client service and people who can make decisions. There are literally hundreds of thousands of businesses spread across Australia, and as each successful Fifo Capital business owner typically manages less than 10 clients, there is plenty of scope for new people investing and joining the growing network. The Australian National Office is well resourced to provide excellent support and training to their network, and network operators enjoy regular professional development programs and communications. Page 2 of 2 Information provided by Fifo Capital and correct as of 17/12/12 - while all care is taken, information should always be confirmed with franchisor. To contact Fifo Capital, contact Jane Lombard at 1300 139 557(National)/0408 226 841(Phone)/(03) 9876 6612(Fax) or send an email to jane@thefranchiseshop.com.au
www.franchisebuyer.com.au