Spotlight Franchise
Introducing… L
ook 4 Cover is an insurance intermediary run by long-term industry specialists Mike Moran and Stacey Meah. They have achieved almost a decade of
success using their proven and profitable business model, turning over more than £1million in their first year alone. This success has recently led them to expand their business through a franchise network, where franchisees can continue to provide customers with a transparent choice of products and the resources of a national brand but with the customer-first philosophy of a local business. Franchising allows Look 4 Cover to further cement the brand’s first-class reputation while supporting franchisees in harnessing the power of residual income to build profitable businesses. Any brand taking its first steps into franchising, however, needs to ensure its model is foolproof from the outset before rolling out its opportunity.
Although the Look 4 Cover franchise was built on an already-thriving business model, Mike and Stacey were dedicated to ensuring the business could be successfully operated through a franchise network across the UK. This is the reason they chose to operate their pilot franchise for four years.
The pilot franchise provided the directors the opportunity to clearly identify
development areas within their operational processes and the ability to adjust their franchise model accordingly. Now, they can boast a successful and profitable franchise opportunity and one of the most unique franchise offerings to emerge in the market in recent years. Mike says: “We wanted to build a
system that could provide profitable results, even for those without previous financial services experience. We used our Look 4 Cover pilot scheme as an opportunity to tailor our system with franchisee success at the forefront. We are now able to provide a support structure that will bring long-term success to our franchise network, regardless of each franchisee’s previous experience.” As a result of the pilot scheme, we
created a custom-built, computer- based technology programme, PRIME8, to enable franchisees to power their businesses and drive better services and operational efficiency. The PRIME8 system gives franchisees access to the simplest methods of processing the wide range of products available to customers. It compares products by price, cover and necessity, simplifying customer engagement and aiding conversion for each franchisee. After a sale is made between a franchisee and a customer, the system transfers the underwriting and administrative components to head office.
…Look 4 Cover, a profitable financial services franchise with proven results
Furthermore, Look 4 Cover has built a centralised support structure to alleviate franchisees of the challenges usually associated with running an insurance business. Look 4 Cover’s unique operating model allows franchisees to focus on building customer relationships, driving sales and business growth while the customer service centre manages all the customer communications, servicing and renewal processing.
The Look 4 Cover system, together with its comprehensive training and support, maximises franchisee success. The pilot scheme proved that somebody without previous experience could easily build just over £50,000 net profit by the end of year one and in excess off £600,000 by year four within an average territory. Franchisees are empowered to build effective relationships, offer the best service and retain an industry-leading level of customers, while being rewarded with the freedom and flexibility of a life-changing residual income that increases year on year. To discover more about the Look 4 Cover franchise opportunity and how you could be part of its success, contact the franchising team today.
info@look4cover.com October 2017 |
BusinessFranchise.com | 87
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