Pie Face has launched a new program inviting young entrepreneurs to qualify to franchise one of its stores.
The Young Entrepreneurs Program aims to finance 21-30 year olds into Pie Face stores with successful candidates offered ownership of a franchise after only a $5,000 deposit and the full $300,000 to $400,000 repaid over an extended period at below bank rates.
Pie Face chief marketing officer Ben Macpherson said the program was recently launched in Sydney offering several of the city’s prominent stores.
“The company was swamped with some of the best franchise candidates we have seen. We are incredibly encouraged by the capability and determination of these young people,” says Macpherson.
The initiative began as a result of constant enquiries into franchises from young people who did not have the funding to own their own store. The company decided with its balance sheet and strong business model, it was time to get the best of these young enquirers into the franchise system.
The program is to be run across company owned stores in Sydney, Melbourne and Queensland.