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 News Article

January 28, 2007

Is capital all that you''re missing?

Almost five years after establising their first franchises establised in all mainland states, Safety Supplies & Services provider SafetyQuip is well poised for major expansion of their national network.

The company has announced a special financial incentive program for just six new applicants who have the skills required, but lack capital. Its solution is specially tailored financial package solutions on terms far more favorable than standard lending institutions might offer.

SafetyQuip is Australia''s only significant franchised player in full scope Workplace Safety Supplies & Services - a booming billion dollar plus market.

Managing Director and founder Gary Shearer said, "We have created a potent combination, enabling motivated franchisees to build businesses of considerable value. Our next step is to aggressively expand our network and we are looking for the right people - not just people with money - providing them with the opportunity to own and operate their own business." The SafetyQuip system is highly developed, with 11 territories operating and already three FCA 'Franchisee of the Year' nalists (!). No prior safety experience is necessary as training is intensive, professional indemnity comes with the package and expert technical advice is on call.

"We believe that the safety business is the kind of ground floor opportunity that McDonalds was 20 years ago and Subway 10 years ago. That's why we offer a 5 + 5 + 5 year term with complete renewal of the entire period on sale of the business. Business builders need time."

The SafetyQuip model provides franchisees with time to build the value of their enterprises, and gives future purchasers the incentive of a full renewal, rather than the typical offer of 'balance of term remainirhg .

Gary said "It's a billion dollar market and growing at an enormous rate, given that so many businesses must buy safety gear and consumables by law." Workplace accidents kill and injure more Australians every year than are harmed on our roads, and authorities and courts have become serious about enforcement and penalties.

The company is meeting the demand with a range of products and services that businesses are compelled to purchase - or else face stinging fines, massive compensation payouts and even jail terms.

Safety products include a wide range of products such as breathing, skin, eye and ear protection, workwear, height safety, signage, anti-fatigue mats, spill cleanup products and first aid kits.

"Because we are a national group we also enjoy the advantage of being able to service organisations that have regional operations. The advantage is that companies are dealing directly with a local business that understands their specific conditions and requirements, rather than an impersonal big business model."

There are huge opportunities to grow. The market is accelerating fast as an estimated 90% of small to medium enterprises that do not properly comply with workplace health and safety regulations are rapidly coming to understand the scale of the risks they are taking.

By Gary Shearer Managing Director and Founder



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