Franchise FAQ

Do I need any special experience or skills to operate an Islandus.com sales franchise?

It is important for our franchisees to be good comunicators coupled with the willingness to work hard. No previous sales experience or knowledge of the automobile industry is required. People with no previous sales experience have proven just as successful as experienced sales people when negotiating with potential car buyers. In order to achieve fast results it is important to have the ability to listen and learn the unique methods Islandus.com uses with its SpotPrice selling system.

What kind of computer or software knowledge do I need?

You must be able to operate a computer and have basic computer skills such as using the Internet in order to run your Islandus.com sales franchise.

What kind of facility will I need to open my Islandus.com sales franchise?

As an islandus.com franchisee you can choose to work alone, with family or build a small team of employees, and facilities depending on which way you choose to operate. Under our franchise program you can for example operate from a home-based franchise office. This means you have a lower initial investment, faster start-up and low monthly overheads.

What kind of customers will I sell to?

Your target customers are amongst the general public, those looking to buy a new or used car. Generally you reach your potential customers through Islandus.com online promotions, advertisements in classified sections of printed newspapers and online portals or through special events such as car shows or by placing a new car on display in a local supermarket.

What is the royalty fee for operating an Islandus.com franchise?

There is no royalty fee. You will process your car orders through the Islandus.com backoffice system made available to you over the Internet for a small monthly fee. You earn commissions on the sale of each vehicle.

What would be my total investment into an Islandus.com sales franchise?

The total investment for an Islandus.com sales franchise can range from 59,000 EUR depending upon where your franchise is located and how you construct your launch and business plan. As a part of the franchise support we will assist you in completing the business plan for your operation.

How does owning this type of franchise differ from working as a sales person?

The Islandus.com franchise opportunity is similar to other franchise concepts that involve selling products or services to end users. As a franchisee you will recieve a sales territory, 10-year franchise agreement, unlimited earnings potential, and the ability to build equity in a business that you own.

What about training?

The Islandus.com sales franchise was built upon the premise that good training and support is an essential ingredient for launching a successful franchise. Our training program consists of personal assistance to help you get started, comprehensive training and ongoing support.

How much money can I earn with my Islandus.com franchise?

Your earnings will depend upon your ability, communication skills and patience needed to assist clients with their vehicle purchase requirements. For every Purchase Agreement your Franchise office concludes with clients you earn commission. Based on the actual operation of an islandus.com pilot unit in an area of 300,000 people, during the year 2007 you should be able to earn in excess of EUR 100,000 during your first year of operation. In larger territories you can obviously make more profit. See here for more information: http://islandus.com/franchise/Franchise/EarningsPotential.aspx

How large will my sale franchise territory be?

The size of your territory will be based upon several factors including the number of households and marketing areas or territories as defined by local media outlets in order to protect our franchisees promotions from competing with each other.

Customer could easily place order on your website, so what is the role of a franchise partner?

Most people wish to talk with a human person prior to completing a purchase on a large ticket item like a new car. We always contact a customer prior to processing their order. It is the role of the franchise partner to communicate by phone or email with the client and assist them with completing the purchase.

Working capital

Question: On your webpage I see that the estimated first 3 month capital is 25,000 EUR. What costs are covered by that capital, and what happens after the first 3 months?

Answer: The EUR 25,000 is the working capital you need to have available to fund your initial operational costs of the business such as local advertising and personnel expenses. This amount should be sufficient to fund the first few months of your operation together with your own living expenses until the business is generating positive cashflow and profits.