Help Keep Bars Around Ireland Fully Stocked
Start a Lucrative Stock Watch Auditing Business
With over 35 years in the hospitality sector we have created an advanced custom-built stock taking solution that reduces theft and improves the profitability for our clients. Studies have shown that the hospitality industry suffers from a “shrinkage” problem far exceeding any other sector. Beverage audits of bars, restaurants, hotels and clubs have revealed that these losses range from 15-35%, with the average loss being almost 20%!
Our advanced software and custom-built support equipment allows us to give instant accurate stock control reports with an independent perspective allowing managers to act instantly and change procedures.
As a franchisee the process of taking a Stock Watch stock take is efficient, accurate with instant results. The process is as follows:
Phase 1: Stock Watch carry out an “Opening Stock” Audit
Phase 2: Stock Watch will return to the premises two weeks later and begin an audit on all stock, referring to delivery dockets and sales figures on the clients system.
Phase 3: Stock Watch will enter all of this information into their software which will immediately produce a summary report highlighting all anomalies.
Phase 4: This report is then printed on site through the laptop and printer provided and together with the manager/owner a one to one meeting is held to discuss any discrepancies and improvement procedures.
Phase 5: Stock Watch arrange a provisional date for the next audit, which is usually every four weeks.
One to One Meetings:
Each potential franchisee must complete the Stock Watch franchise application form. When we have received this we will arrange a one to one meeting where we will get to know you and understand your relevant experience. From this meeting we will have a clear understanding if it is in our mutual interest to go ahead with the franchise application.
We believe that each territory has the potential earnings of €75,000 per annum e.g. 25 stocks per month €250.00 ex vat per stock. We will discuss with you the territories that are available and highlighted the business opportunity in this territory.
We will provide financial projections for the potential territory. No figures are guaranteed. We can also help prepare documents for financial institution that you may wish to approach to secure finance for the franchise contracts:
Once we agree on the terms of the franchise package with you, we'll give you a contract to read over. If you're happy with the contract, once signed you'll pay the initial franchisee fee and start planning your first day of working for yourself!
Stock Watch Start-Up Pack:
Each individual franchisee shall receive the following Start-Up pack:
- Printer and printer bag
- Access to the stock watch system
- Access to reporting templates
- Knee pads and torch
- Measurement equipment, scales and keg stand
- Report covers, envelopes, clipboards, pen, ruler
- Briefcase, filofax, notebook, calculator
Our training programme is an intense schedule and is dependent on your relevant experience. Each franchisee shall receive an Operations Manual which is a detailed guide on how to run the Stock Watch business.
The Operations Manual will detail all the supporting function of the Stock Watch system and will give you in-depth knowledge and information on how to run your business.
Stock Watch Franchise Support Services:
There are a number of factors that will make you a successful Stock Watch franchisee. The most common is support services of the franchising department.
At Stock Watch we will provide continuous support in the following areas:
- Monthly performance and sales reviews
- Business development
- Continuous improvement programme
- Sales and marketing support
- Financial projections
- Operational support
GREAT! WHAT'S MY NEXT STEP?
Find out more about Stock Watch by submitting the form below.