Trevor Skidmore, the Cloudy2Clear franchisee for the Oxford & Northampton areas is celebrating his record year and was amazed at the results when he took the opportunity to have his business valued by the support team at C2C head office.
"I'd never considered having the business valued to be honest", comments Trevor, "We’re just busy getting on with the job locally!
The exercise was commissioned by Cloudy2Clear head office as they wanted to demonstrate to everyone in the network that we were building real businesses with a value that could, if we so wished, be sold on at some point.
More impressive still is that Trevor has achieved this figure in the last 3 years alone, at the height of the recession. "The valuation is based on the last 3 years accounts and I have seen a leap in demand over this time. It’s amazing to think that while I’ve been concentrating on building a profitable business which gives me a very nice return indeed that this figure has effectively been building up in the background.
The guys at C2C have been instilling into us for some time now the fact that profit is the driver, not turnover, and it seems all the initiatives we’ve put in place together are really paying off."
So, does Trevor intend to cash in on his investment? ‘Not on your life’, he laughs, "There are exciting times ahead in the C2C Group and I have a very clear plan to expand, not just within my own area but I have been looking to open further branches in other areas too. Cloudy2Clear actively encourage us to open multiple branches when the time is right and this has really spurred me on. Having done the hard part and got the first business established I’m really looking forward to moving on to a second area and then possibly a third. If they were all valued at a similar sum… well, I don’t think I need to do the maths for you".
Cloudy2Clear MD Marcus McGee is equally delighted. "It’s great that all the hard work our franchisees put in is reflected in these sorts of figures. We’re very conscious that to build a sustainable network our franchisees need to maximise their profitability. Not only does it mean that they get the best return on their investment, but it also helps us grow across the country as potential new franchisees can see the rewards they can expect if they join us", he says. "At the end of the day any franchise should be a true partnership where everyone succeeds, not just one side or the other and I’m proud to say that our organisation is moving forward very quickly with everyone sharing in the benefits".
I was first made aware of Cloudy2Clear around 2 years ago whilst I was working away in Sheffield. I am originally from East Anglia and so I started my C2C Franchise there. I really liked the idea of being able to own my own local business whilst benefiting the support and know how national company.Andy Kerridge, Ipswich
There are exciting times ahead at C2C and I have a very clear plan to expand.Trevor Skidmore - Northampton
The decision to expand wasn’t difficult, it was more a question of timing. The Chester & Wirral business had really taken off in the second 6 months of it’s first year, just as Cloudy2Clear had explained it would do, but I hadn’t expected to open a second branch so quickly.Alan Ball - Chester & Wirral
Can provide an ROI of up to 10 times the initial franchise fee
Established for over 12 years
Largest glass replacement franchise in the UK