As our Specsavers audiology model continues its roll-out across Australia, we are speaking to more and more in the industry who are keen to understand how it works.
Whilst we’ve compiled a comprehensive audiology prospectus – available here, we wanted to lay out the facts simply and clearly and outline the key points you need to know about joining Specsavers Audiology.
1. You’ll join an existing Specsavers optical store.
When you join us, you’ll be placed in an optical store, ideally in a location of your preference. Each audiology business is a separate, registered company. You’ll be paid a salary from your business entity and you’re entitled to a share of your business’ profits.
When you join us, you’ll undertake a $10,000 loan to assist the working capital of the business. It is paid back to you once cashflow allows.
Within each Specsavers Audiology store, there is an OHS-compliant sound-treated room with sound booth, a video otoscope, tympanometer, audiometer and REM.
2. You’ll be supported by Specsavers.
When you join us, you’re not alone. We have a business support structure built into our model and we’ll work hand-in-hand with you to provide the best levels of support, product range, IT and in-store systems, marketing, remuneration, equipment, training, development services and more.
We also host regular regional meetings to give you the chance to network, share best practice, discuss product, marketing and training issues and have your say on the direction of the partnership.
Lastly – we support with accounting and administration services including payroll, accounts payable, GST compliance and profit distributions.
3. You’ll have access to a wide-range of products.
Specsavers forms strategic relationships with some of the very best hearing aid manufacturers to provide product, technology distribution and support across our network, allowing us to stock great products at hard-to-believe prices.
Our own branded ‘advance’ range product range is manufactured by the household names of our industry. We also supply a full range of branded products from Phonak, Sonic and Unitron.
4. You’ll have complete clinical independence.
We don’t set any product-related KPIs or sales targets. Simply put, you are in control of your own business. You have the opportunity to build the profits of the business you operate while growing an asset.
5. We’ll help you shape your business.
With our audiology business operating out of Specsavers stores, we can market to a collective customer base of more than six million individuals. Every Specsavers optical customer over the age of 40 will be offered a free hearing screen. To date, we’ve conducted more than 35,000 screenings since our launch in August 2017.