Franchises Feel Undervalued In Scotland

Times Online:

Lisa Tobias started working for Domino’s Pizza while still at school. Now she runs four franchises in the west of Scotland with a turnover of £2m and employs 120 people.

After dropping out of university at 19, she joined the company full-time to manage one of its shops before deciding to go for a franchise of her own.

“University wasn’t for me but my parents were disappointed when I dropped out, so I thought I’d better prove that I could do something worthwhile,” she said.

But while Tobias wanted to run her own business, she is adamant that she wouldn’t have taken the risk without the backup of a franchise such as Domino’s.

“If I’d gone to the bank with an idea for a pizza delivery shop, I am sure it would have been difficult to raise funding,” said the 27-year-old.

“Domino’s gives you support and the bank knows the company, which increases your chance of success.”

Despite troubled economic times, Tobias is planning to open more stores. Domino’s is now Britain’s biggest pizza home delivery chain and recorded a like-for-like sales increase of 10% last year. Profit forecasts for the chain, which operates the UK and Ireland franchise of the global brand, currently range between £22.3m and £23.2m. Read more.

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