JOIN US AS ONE OF 32 FRANCHISEES ON THE ISLAND OF IRELAND

Business Island is rolling out its franchising model for each of the counties around the Island of Ireland. With the success of Business Cork as its tried, tested and trusted model that has operated successfully for the past 33 years since 1989 and has hosted The Rémy Martin Cork Business Awards for the past 16 years as the largest business awards event in Cork on an annual basis, the model for expanding across the Island of Ireland through www.businessisland.ie and www.businessisland.co.uk will include a dedicated and personalised business news platform for every county and each will have their local county colours as the identifying brand.
The following brands are being created as part of the expansion of the model –
Each of the counties will operate independently and as part of the overall Business Island platform. With over 295,000 businesses on the Island of Ireland and over 6.2m citizens living on the Island of Ireland, the market at each county level for a dedicated business news site is exceptional and the opportunity to connect local counties with other counties as an all Island of Ireland market opportunity is equally exceptional.

WHAT IS THE COST OF A FRANCHISE?

We base our franchise fee on a tiered model based on the population size of each county.
There are five levels A, B, C, D, E and our model is as follows –

  • Level A – €60,000 per area – Dublin, Antrim, Cork, Down
  • Level B – €40,000 per area – Galway, Derry, Londonderry, Kildare, Meath, Limerick
  • Level C – €20,000 per area – Tyrone, Armagh, Tipperary, Donegal, Wexford, Wicklow,
    Kerry, Louth, Mayo, Clare, Waterford, Kilkenny,
  • Level D – €10,000 per area – Westmeath, Laois, Offaly, Cavan, Roscommon, Sligo,
    Monaghan, Fermanagh, Carlow
  • Level E – €5,000 per area – Longford, Leitrim

 

HOW DOES THE FRANCHISE FEE WORK?

We seek to work with our franchisees and have devised a model that we feel is workable, practical and fair to the people that we will be working with and with whom we want to develop a long term partnership and relationship. A franchisee pays 35% of the total franchise fee upfront with the remaining amount payable over the following twelve-months from the income that they will generate from sales of products that they will be selling.

 

HOW DOES THE INCOME WORK?

The partnership model that we operate works as follows with the franchisee retaining the following amount from each of the offerings that we have –
  • Annual advertising packages through the Business Circle as a Gold Member – 50%
  • Annual advertising packages through the Business Circle as a Platinum Member – 50%
  • Annual Patron’s Programme – 25%
  • Annual sponsorship of The Rémy Martin Business Awards – 20%

 

WHAT IS THE INCOME POTENTIAL FOR ME IF I BECOME A FRANCHISEE?

HERE IS AN EXAMPLE OF OUR LEVEL A INCOME IN YEAR 1

300 Business Circle Gold Member packages – 50% for franchisee = €134,250
20 Business Circle Platinum Member packages – 50% for franchise = €18,950
20 Patron’s Programme – 25% for franchisee = €12,500
5 Sponsors of The Rémy Martin Business Awards – 20% for franchisee €750

This is total income of €166,450 for the year and this is recurring each year and as the business grows the number of packages can also be grown as there is no limit on the number of packages that can be sold.

 

HERE IS AN EXAMPLE OF OUR LEVEL B INCOME IN YEAR 1

200 Business Circle Gold Member packages – 50% for franchisee = €89,500
10 Business Circle Platinum Member packages – 50% for franchise = €9,475
10 Patron’s Programme – 25% for franchisee = €6,250
5 Sponsors of The Rémy Martin Business Awards – 20% for franchisee €750

This is total income of €105,975 for the year and this is recurring each year and as the business grows the number of packages can also be grown as there is no limit on the number of packages that can be sold.

 

HERE IS AN EXAMPLE OF OUR LEVEL C INCOME IN YEAR 1

100 Business Circle Gold Member packages – 50% for franchisee = €44,750
5 Business Circle Platinum Member packages – 50% for franchise = €4,737
5 Patron’s Programme – 25% for franchisee = €3,125
5 Sponsors of The Rémy Martin Business Awards – 20% for franchisee €750

This is total income of €53,362 for the year and this is recurring each year and as the business grows the number of packages can also be grown as there is no limit on the number of packages that can be sold.

 

HERE IS AN EXAMPLE OF OUR LEVEL D INCOME IN YEAR 1

75 Business Circle Gold Member packages – 50% for franchisee = €33,562
3 Business Circle Platinum Member packages – 50% for franchise = €2,842
3 Patron’s Programme – 25% for franchisee = €3,750
5 Sponsors of The Rémy Martin Business Awards – 20% for franchisee €750

This is total income of €40,904 for the year and this is recurring each year and as the business grows the number of packages can also be grown as there is no limit on the number of packages that can be sold.

 

HERE IS AN EXAMPLE OF OUR LEVEL E INCOME IN YEAR 1

50 Business Circle Gold Member packages – 50% for franchisee = €22,375
2 Business Circle Platinum Member packages – 50% for franchise = €1,895
2 Patron’s Programme – 25% for franchisee = €2,500
5 Sponsors of The Rémy Martin Business Awards – 20% for franchisee €750

This is total income of €27,520 for the year and this is recurring each year and as the business grows the number of packages can also be grown as there is no limit on the number of packages that can be sold.

 

WHAT DOES THE FRANCHISOR PROVIDE TO ME THE FRANCHISEE?

  • As the franchisor of Business Island and each of its county by county business news sites, our commitment to our franchisees is based on we being one of you. This is because for the past 33 years we have built, developed and continue to operate our Business Cork model and we intend to continue to do this and be the franchisee for Business Cork. This means that we know exactly what is needed by our franchisees all over the Island of Ireland and the Head office of Business Island will offer the following to each franchisee –
  • Only one business news franchise for each county so no competition for you.
  • Exclusive agreement for your dedicated county..
  • Unique branding for that county such as Business Kerry/Business Dublin etc etc
  • Unique county colours branding for each county.
  • The franchise is the most definitive local business news franchise ever.
  • Full Head Office back up is provided.
  • A full editorial service from Head Office is provided.
  • A full design service from Head Office is provided.
  • A full accounts service from Head Office is provided.
  • A full social media service from Head Office is provided.
  • A full marketing and promotions service from Head Office is provided
  • A full event management service for The Rémy Martin Business Awards is provided.
  • An opportunity for the franchisee to participate in a Brand Ambassador programme so as to have a new electric vehicle that can be branded for the business and paid for by the franchisee as a fully tax deductable business expense.

 

ITEMS TO NOTE

* All rates and figures listed above are plus VAT @ 23%.
* Grant support may be available to individual franchisees from Local Enterprise Offices.
* All information provided is for guidance purposes only.
* The provision of this information does not constitute a contract between any party.

TALK TO US ABOUT A BUSINESS NEWS FRANCHISE FOR YOUR COUNTY

We will only ever have one opportunity for a business news franchise in each county and we will be delighted to talk to you about what is involved, what to expect, how it operates and explain in detail its benefits for you if you were the franchisee for your local county.
Contact us at – Michael Mulcahy – CEO 0818 33 22 77 / 087 776 8580 or michael.mulcahy@businessisland.ie