For further information click here to view our brochure: Acropolis.pdf

Acropolis™ is a trademarked business longevity product licensed to Franchise Foundation Limited. As Acropolis™ is a commercially sensitive trademarked product, this site accordingly provides only a brief overview. If, however, you wish to discuss how Franchise Foundation Ltd and Acropolis™ can assist you in developing a risk management plan which ensures the longevity of your business please contact John Barley for a confidential, obligation free discussion on +64 9 827 7266.

ACROPOLIS™

WHAT IS IT?

Acropolis™ is a trademarked business method.

It is a an innovative risk management concept involving the use of life insurance.

It provides opportunities in the following areas:

a) Risk Management in Personnel.

b) Risk Management of the business operation and assets.

c) Planning for business continuity after a disaster.

WHAT ARE ACROPOLIS’™ CORE VALUES?

To protect the business system in the event of death or critical illness of the CEO.

To protect the investment of the stakeholders.

To protect the investment of the CEO’s estate.

To provide an ongoing relationship with the business by continual assessment of the business’s value and assisting with the implementation of risk management.

HOW DOES ACROPOLIS™ ACHIEVE THESE VALUES?

Acropolis™ instigates and is an intrinsic part of a plan which has been formalised and agreed upon in writing by the parties of the system whilst the CEO (entrepreneur/visionary) is still alive/of sound body and mind.

Acropolis™ sets in motion a risk management programme which considers all the various factors revolving around the life of the business and the CEO and/or his partners. It provides the opportunity to consider the various factors that will impact upon the business and how it will manage those factors to prevent the collapse of the business in the event of the death or critical illness of the CEO.

Acropolis™ provides a consultancy service and guardianship to the business on the death/critical illness of the CEO to ensure the ongoing value and health of the business as a cost which is included in the sum insured agreed upon.

WHAT OPTIONS DOES ACROPOLIS™ PROVIDE?

Acropolis™ provides the opportunity to look at factors impacting on the business and how to manage them. It considers the options available to the CEO for the release of his estate and determines a plan before the actual event.

The options:

1. Sell the business to the stakeholders subject to prior agreement that Franchise Foundation Ltd will assist with the implementation of construction of a Board of Directors and a company management structure with stakeholders being shareholders.

2. The CEO’s estate continuing the management of the business and the sum insured will be used to provide Franchise Foundation Ltd consultancy services and outside contractors to the business to assist with the transition or what had been determined under the plan.

3. The CEO’s estate deciding to sell the business to an outside buyer and Franchise Foundation Ltd would provide assistance on the transfer of ownership and transition period from one ownership to the next.

4. Other structures such as joint ventures or maybe the dissolution of the business system.

WHAT ELSE CAN ACROPOLIS™ PROVIDE?

Provision of an exit strategy for:

• Retirement of the franchisor.

• Retirement of franchisees.

• Succession planning.

BENEFITS TO FRANCHISEES

Continuation of the franchise business system - ie should the franchisor die or have a critical illness or wish to retire, what is the effect upon the business system? What is the effect upon your investment in cash and time?

In the event of death/critical illness of the franchisor you, as the franchisee, have an available source to purchase the business system from the franchisor’s estate at a pre-arranged value.

The cost of this programme is minimal compared to the benefits obtained.

It protects your (substantial) investment in the franchise business system.

It protects the business system from the possible purchase by an outside organisation at fire sale prices, thus threatening the value of your investment.

Protects your continued income and possible continued growth and wealth of the business system.

Protects the name of the business system, which in itself has a value and position within the market.

Provides the opportunity for continued growth, thus securing your investment for your retirement and future years.

Instead of being a franchisee you become a prospective shareholder in the business and this is realised on the death/critical illness or retirement of the franchisor.

Advice and consultancy during the period of interruption. The Board of Franchise Foundation Ltd will provide ongoing advice and consultancy on the business system. The Board of Franchise Foundation Ltd consists of Stewart Germann, Colin Taylor, Win Robinson, Simon Lord and David McCulloch. You will no doubt agree that these individuals have a wealth of experience and indepth knowledge of franchising and their services can be utilised by the business system during the period of transition.

Franchise Foundation Ltd is there to act as guardian for the business system to protect its value and provide assistance to franchisees and the franchisor’s estate during a period of stress. Our consultancy fee is included within the sum insured and the only other charges to be incurred are an annual valuation of the business.

Many of these are referred to in the attached article which appeared in Franchise New Zealand magazine (reproduced with permission). (Click Here http://www.franchise.co.nz/article/view/51) It also includes various examples of the threats that can occur to a business system which are not covered by most franchise agreements.

In summary, the costs are far outweighed by the benefits and it is a very economical method of insuring your investment and longevity of the franchisee’s business.

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