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Franchisors Notes on Financials


The Financials as prepared by KPMG and forwarded to the various Trading Banks promoting Franchising for 2004/5/6 years are a result of the applications associated with the Bay Of Plenty UVTEC Franchise, which was run by the Franchisor, as a company owned Franchise and a pilot operation for those years to show what could be achieved by way of applications and ongoing financials based on a population of approx 100,000.

This was a result of the Franchisor relocating to Tauranga in late 2003 from Queenstown, where a year long successful pilot operation was also conducted, however it was realized that while extremely successful, with a population base of 10,000 + it was not a true representation of the potential of a UVTEC Franchise. Financials for this Queenstown pilot operation as prepared by Pimm & Co are also available for 'due diligence'.

The Franchisor's company's financial records and all Franchise Holders
24 point Quality Assurance records, as monitored by the Franchisor, dovetail into the Bay of Plenty Franchise product orders and associated applications (620+) and are separately prepared by KPMG.

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