Coco Cubano serves up franchise revolution
Coco Cubano’s ‘El Presidente’ Tony Melhem knows there’s more to running one of the hottest cafe/bar franchises in Australia than serving up great mojitos, food and music. As Deputy Chairman of the Franchise Council of Australia and having been involved in franchises for over 10 years, he’s well aware of the special challenges faced by franchises in respect to accounting. So when it came to Coco Cubano, he called in his long time financial advisor, Craig Pisani of BDO who recommended Xero.
Xero helps him replicate the back end of Coco Cubano franchises. By having all his franchisees use Xero, he knows that data is clean, he can easily compare franchise performance and he can deal with any issues immediately and before they become a problem.
We recently caught up with Tony and Craig. Have a look at the video to see how they work together to create a winning franchise formula:
If you’re a franchisor, get in touch with us to replicate Tony’s experience across your franchise. Or leave a comment with your thoughts.
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5 October 2012 #