A 20-year-old Australian entrepreneur has shared his reasons for purchasing a store in Sydney, along with the difficult decision he faced to make it profitable. Naythen Lindsey became the youngest franchise owner in the Kwik Kopy Network history when he bought a store in Hornsby at just 19. He was initially worried about being perceived as too young to succeed, but the franchise supported him after he secured approval. To take ownership, he invested all of his savings and even sold his car to raise $70,000, facing the immediate challenge of turning around a store that was losing money and weighed down by debt.
Upon taking over, Mr. Lindsey discovered significant financial issues, including a $40,000 debt related to printing equipment. To improve profitability, he made the difficult choice to not retain any staff from the previous owner, believing that their presence might undermine his authority as a new, young owner. He adjusted the store hours, implemented pricing changes, and focused on customer service, making personal connections to boost sales. His efforts led to impressive results, with profits increasing substantially month over month, demonstrating his dedication and passion for the business.
Kwik Copy Hornsby: 20-Year-Old Owner’s Drastic Action After Buying Store