The Good Guys seek new business partners

By James Wells

MELBOURNE: The Good Guys has employed a privately-owned search, selection and consulting firm, Lloyd Morgan to assist with identifying new proprietors for is franchised stores.

According to information posted on its website, Lloyd Morgan was established to meet the demand from clients to not only assist with recruitment but also help with staff retention.

“As a total HR solution, Lloyd Morgan Consulting delivers a suite of human resource business services dedicated to improving client operations through better people management practices,” the company’s website said.

The Good Guys are seeking to grow through new business partnerships, following a number of changes to store ownership over the last 12 months.

Recent changes to the business include the closure of the Sydney-based Warwick Farm store and an opening of a new store at Crossroads, the closure of the Mordialloc store and the opening of a new store at Moorabbin Airport and the closure of the Thebarton store in South Australia and the opening of a new store at Mile End.

Large advertisements placed by Lloyd Morgan in the news section within major daily newspapers recently claim The Good Guys is offering metropolitan and regional opportunities in Australia and New Zealand for entrepreneurs seeking to own equity in a retail business.

“The Good Guys are a highly progressive Australian icon, retailing electrical household goods in large format environments,” the advertisement said.

“Their success has been remarkable as has their ongoing growth and viability and they now have in excess of 70 stores. For their business owners, they offer a truly unique opportunity; to own and have equity in a substantial retail business, with the true potential for significant earnings.

“This model represents individual entrepreneurial flair, where you are given freedom to plan, control and make the day to day decisions for your business. Whilst acting as a business leader in your local precinct, driving the business and marketing initiatives forward, you will be well supported by a national brand and extensive, personalized and highly sophisticated back end systems,” the advertisement said.

“Opportunities exist for both new and existing sites in both metropolitan and regional areas across Australia and New Zealand. To support your success, you will be a savvy retail operator with a proven large format history in grocery, hardware, furniture, bulky goods or similar and have confidently progressed through senior store and management levels.

"You will have well honed skills in inventory planning and management, shrewd financial control and the all important ability to lead and manage people to benefit your own wealth creation. You are now at the stage where you aspire to realise your true potential in terms of career achievement and earning capacity by having equity in your own business.”

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