Six young founders or leaders of franchised businesses have been listed in the top 100 Young Rich List, outearning Aussie soccer star Tim Cahill’s $37m.
Brent Grundy, the 36 year old founder of leisure firm Flip Out, pips Cahill and is listed at #74 with his business turnover of $38m. The trampoline chain began in a car park in Western Sydney in 2012 and has since spread to 70 locations across 14 countries.
Brendon Levenson started the Jetts Fitness chain with his partner Cristy and last year sold the business to Quadrant private equity firm in a $100m deal. The 37 year old is listed by Australian Financial Review at #57 in the Young Rich List with wealth of $47m, ranked higher than model/businesswoman Miranda Kerr.
Brothers Andrew (38) and Tom (37) Dyduk, the sons of the Schnitz restaurant chain founder, have wealth of $95m, and are listed at #23. The pair took over the schnitzel business in 2009 and have built it into a franchise with 70 Australian outlets, plans for a New Zealand launch next year and further global expansion.
The 40 year-old former IT manager and co-founder of Laser Clinics Australia scooped the 14th spot with $144m. Alistair Champion also has investments in Smile Dental Clinics and The Cosmetic Institute. Private equity firm KKR now owns the Laser Clinics Australia business.
And leading the charge among franchisors is 33 year-old entrepreneur and philanthropist Dr Sam Prince, the man behind Mexican chain Zambrero, and genetics testing firm Life Letters. Prince also founded the One Disease charity, and has invested in so-called smart drinks manufacturing firm Shine. He is ranked at #8 with $318m.