Entrepreneur Jim Penman, owner of the Jim’s Group franchise, says he is planning to list the company by the end of the year to raise more capital and expand the business, with the eventual goal of turning the group into a billion-dollar entity.
Penman wants to raise an extra $10 million by the end of the year in order to focus on new business ventures and expand the current number of franchisees.
“I think we’re a good prospect for listing,” he told SmartCompany. “We’ve got a strong name, a strong history, we’re 22-years-old and we’re the largest of our kind in the country.” More.