[ Industry advisory · Franchise & multi-site ]

Strategic advisory for franchisors and multi-site operators.

Franchise and multi-site businesses succeed or fail at the site level — but the group is where the value is built. Royalty, marketing levy, group treasury and network benchmarking are the levers that compound. We help operators run both the sites and the group on real numbers.

[ What we hear, again and again ]

The pressures inside franchise & multi-site operators.

None of these are signs of a poorly-run business. They're signs that the financial relationship around the business hasn't kept up.

  • 01Site-level P&Ls inconsistent across the network, hiding real performance
  • 02Royalty and marketing-levy economics rarely modelled against the group cost base
  • 03Multi-entity structure creating tax, GST and treasury complexity
  • 04Underperforming sites quietly absorbing capital from healthy ones
  • 05Group value and exit-readiness rarely modelled until a transaction is in play

[ How we work ]

What strategic support actually looks like.

  1. 01

    Standardised site-level P&Ls and benchmarking across the network

  2. 02

    Royalty and marketing-levy economics modelled against group cost-to-serve

  3. 03

    Multi-entity structure designed for tax, group treasury and capital efficiency

  4. 04

    Underperforming sites identified early — turnaround, refranchise or close

  5. 05

    Group value tracked live, with exit-readiness built into the rhythm

[ The numbers that matter ]

What good operators in this industry actually watch.

Not a long list — the handful of numbers that, watched consistently, change how the business is run.

  • 01

    Site-level EBITDA

    Standardised across the network — like-for-like

  • 02

    Royalty / levy coverage

    Network income vs group cost-to-serve

  • 03

    Same-site sales growth

    Underlying network health, stripped of new sites

  • 04

    Capital per site

    Invested capital vs return, by site

  • 05

    Group EBITDA multiple value

    What the network is worth on current performance

[ Across the year ]

A real cadence — not a tax-time call.

See the full 12-month cadence →

[ The honest line ]

Multi-site operators who run the group with real discipline build genuinely valuable businesses. We help build the financial backbone that supports that — site by site and across the network.

[ The next conversation ]

Run the network on real site and group economics.

Bring the messy stuff. The numbers, the pressures, the decisions you've been putting off. The first conversation is structured, candid and obligation-free.