Sean Murphy, Director commented "We see the Louth / Meath district as an area of considerable opportunity and we are delighted to have Kevin on board. 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 8-15% with the average loss being almost 10%.
Stock Watch continue to grow their network around Ireland and are currently engaged with potential franchisees in Dublin, Wexford, Waterford, Kerry and the franchise is an excellent opportunity for an individual that is looking to set up their own business for a low cost of entry.
Potential earnings are from €75,000+ per annum and each individual franchisee has their own assigned territory.
In April 2012 Stock Watch was finalist in the 2012 Best Emerging Franchise Awards in Dublin which were sponsored by Ulster Bank.
Sean Murphy commented "We were delighted to have been selected as a finalist in the 2012 Franchise Awards. We see that the franchising sector contributes €2.4 billion to the Irish economy and the franchise package that we have created at Stock Watch will create successful full-time employment for the economy.
"We have already recruited our first franchisee Geraldine McCormack for the County Galway territory and she is up and running successfully as we speak."