Plumbing Africa April 2020 | Page 23

BUSINESS AND TRAINING "I do agree that franchising – done well in our industry at a value- for-money cost – can be a massive game- changer.” (approximately 14 outlets) and Drainmen (about nine) – are registered with IOPSA, though Amandla Plumbing is listed as an intermediate member of the Franchising Association SA, and a number of others list themselves online. On Tap, Waterways and Cape Plumbing and Bathrooms are franchises in the retail space. In South Africa, franchising is still identified with fast food businesses, retail and fixed-location businesses such as KFC, Battery Centre and McDonald’s, rather than work-from- home businesses like plumbing. Many plumbing franchises internationally enable a single plumber to be branded and leverage on the brand-building of the franchisor. At the same time, plumbing businesses have recognised the need to become more professional and business orientated, evolving to more modern business practices. Marketing, branding, technology, web presence and overall business practices all have to be components of a modern business – even a one-man plumbing operation. A modern plumbing business requires the owner-manager to not only be a licensed plumber, but the business models also require someone with communication skills at the helm. This can be a difficult element of the plumbing space in that many of the experienced personnel in the plumbing market are not necessarily good at communicating with others. Favouring franchising is the sharp increase in specialisation of services. This focus on market segments allows for better, more effective businesses within the subcategories of solar, heat pumps, leak detection and more, as consumers always choose to work with specialists as opposed to generalists. The cost to invest in a franchise will vary based on market demographics, the size and scope of your existing business size, and individual start-up requirements, including: size of the territory you purchase, discounts you qualify for, number of service vehicles you currently have in operation and tools and equipment you already own. There was a spike in franchise businesses in South Africa related to solar water heating systems and established on the back of the Eskom rebate programme. There were approximately 145 such businesses established at the height of the rebate programme in 2009/10, many being franchises, but 80% of them closed once the rebate scheme ended, and today there are only four or five major players left, and not franchised. IOPSA’s view “I don’t think the market is mature enough,” says Brendan Reynolds, executive director of IOPSA. “The one-man plumber must see the value in a franchise – otherwise what is he paying his fee for? In the past, we have seen efforts at franchising in plumbing, and in some cases, we’ve seen the franchisor try to make excessive profit, charging as much as 23 – Brendan Reynolds, executive director of IOPSA. Brendan Reynolds, executive director of IOPSA. 20% royalties while offering very little in return. You’ve got to add real value to the small plumber, not just a brand name, but for instance: a manual on how to run the business; lines of credit with suppliers; technical support as and when needed; branding; advertising; business know-how; forms and documents; and assistance with admin. These are the things that take up the time of a one-man plumber and prevent him from producing revenue. “With those things there’s real value in it – provided the franchisor isn’t also charging a fortune for it. There isn’t 20% margin in this business to pay in royalties. I don’t think anyone’s got the model right (even though others will disagree) and the market isn’t ready for it yet. However, I do agree that franchising – done well in our industry at a value- for-money cost – can be a massive game-changer. In comparison, in Australia, the UK and some states in the US, franchising is widespread. That is because the plumber is a tradesperson, who wants to spend his time working with his hands, not doing admin and advertising and marketing and branding. That’s not his strength.” Local franchises Drain Surgeon has been a franchised plumbing business for more than 40 years, and has grown to 14 branches, three of which are wholly-owned, and the remainder franchised. CFO Drain Surgeon operations room and despatch. April 2020 Volume 26 I Number 02 www.plumbingafrica.co.za