Name: Franchise businesses must work with franchisees
Uploaded: 2022-05-06T18:49:57.111466+00:00
Duration: 1742 s
Channel: UK Investor Show
Description: Nigel Wray and Stephen Hemsley discuss how franchises cannot rip off franchisees, but work with them so everyone does really well.

Nigel Wray and Stephen Hemsley discuss how franchises cannot rip off franchisees, but work with them so everyone does really well.

<p>Nigel Wray and Stephen Hemsley discuss how franchises cannot rip off franchisees, but work with them so everyone does really well.</p>

https://d3ev5earl6dvd0.cloudfront.net/public-media/videos/003/696/003696/video_Ege75Ef.mp4#t=532

UK Investor Show

Franchise businesses must work with franchisees

I made a mistake with Stephen - he was a brilliant CEO! Nigel Wray on Domino's

Digitising Domino's - Stephen Hemsley

From £4k to £30K per week

Franchise Brands - Franchisees as Entrepreneurs

Nigel only invests in my franchise businesses  - Stephen Hemsley

What is a good franchise business? - Stephen Hemsley

We got the Simpsons - keys to Domino's success

What's better B2B or B2C franchises

Overseas growth for franchise businesses

UK Investor Summit - Main Stage - Saturday 2nd October 2021

<p>UK Investor Summit - Main Stage - Saturday 2nd October 2021</p>

https://d3ev5earl6dvd0.cloudfront.net/public-media/videos/003/696/003696/video_Ege75Ef.mp4

Nigel Wray explains that Stephen Hemsley drove Domino's Pizza to success, but he misjudged Stephen's ability to begin with.

Stephen Hemsley explains how Domino's moved to an online order model, driving significant efficiencies

Stephen Hemsley tells the story of one store that went from £4K per week to £30K per week after being sold to a franchisee

Stephen Hemsley summarises why franchising is a great business model and in particular why franchisees are really entrepreneurs

Nigel Wray and Stephen Hemsley laugh about the fact that Nigel has only invested in franchises businesses that Stephen has been running

Stephen Hemsley explains what he thinks makes a good franchise business - the franchisee really needs to provide a value add so that they can make real profits; just reselling the franchisor's products does not work well.

Stephen Hemsley explains that as well as exceptional product and service, Domino's landed the Simpsons sponsorship, which really defined the brand

Stephen Hemsley explains whether he prefers to buy and build B2C or B2B franchise brands.

Stephen Hemsley explains that when a franchise has saturated its market it can go abroad but needs to run the business as a corporate operation first before franchisees can be brought in