Bedshed Restructure Results In Profit Rise And Expansion Plans

Franchising.net.au:

A restructured business model at bedding and furniture retail franchise Bedshed has helped boost net profit after tax by 1148 percent for its parent company, Joyce Corporation, for the six months to 31 December 2010. The corporation’s profit of $2,023,410 compares to a loss of $193,000 for the corresponding period in 2009.

Joyce chairman Dan Smetana cited “strong and visionary management” for the transformation of the business, which resulted in a multi-unit business model for existing franchisees, and a reduction of its company owned stores. Read more.

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