Thank you for your interest in the Oliver Omega 3 Farms® brand. There are few steps to becoming an OO3F® Franchisee.
Learn more about what we look for in an oo3® Franchisee by reviewing our FAQ’s.
- Candidate completes the Pre-Qualification Questionnaire.
- Candidate receives an automated email prompting them to “opt-in” to receive future communications from Oliver Omega 3 Farms®.
Minimum Financial Requirements:
Net worth-GH cedis 45,000 and unencumbered funds – GH cedis 10,000.
Discovery Call and Background Screening
Once Pre-Qualification Questionnaire is complete and if the candidate meets initial requirements, the franchising team will contact the candidate for a Discovery call. Qualified candidates will be invited to complete income verification and vetting. Asset Verification letter and sign a Non-Disclosure Agreement (NDA).
Two or more interviews are scheduled with client’s relations manager.
Farm Experience Days
Candidate participates in 3 experience days at an oo3f® (registration fee required).
Senior Leadership Team Interview
Candidate interviews with a member of the Senior Leadership (Head of Operations or President of oo3f® Ghana)
Final Approval and Training
Candidates who complete all steps successfully, will considered for future franchising opportunities.
Prior to operating a farm, applicants are required to complete 4 weeks of Oliver omega 3 farm® training.
Frequently Asked Question
How much does it cost to purchase an Oliver Omega 3 farms® franchise?
The cost of Oliver Omega 3 Farms® franchise varies depending on the farm size and location, along with other factors. You must have an estimated GH45,000 in net worth and GH10,000 in unencumbered funds in order to qualify. Financial requirements may be lower or higher depending on the transaction type.
What is the franchise fee for a 20-year Franchise Agreement term?
The franchise fee is currently GH45,000 and it is due before the farm opens for business.
I am interested in suggesting a new farm– who do I submit this to?
It is our practice to conduct a feasibility study to determine the viability of a town/region, and will advertise if we are seeking a Franchisee for this market on our website. As a result, we are unable to respond to individual requests to review a specific market or region.
What types of qualifications does Oliver Omega 3 Farms® seek in a franchise candidate?
For mutual success and satisfaction, we must ensure that every Franchisee possesses the necessary skills, commitment level, dedication, work ethic, character and strong people skills. There are a number of qualifications we look for in an applicant such as:
- All partners meet the initial investment requirements and are willing to commit to the Business full time.
- Willing to divest of businesses which are direct competition to the Oliver Omega Farms 3® business.
- Prior management experience, preferably in agriculture sector and/or animal husbandry operations.
- Strong communication skills and leadership qualities.
- Keen understanding on how to recruit, train and manage staff.
- Solid business acumen.
- Two Partners who will be hands-on operators, willing to commit to the demands of the farm full time.
- Candidates willing to relocate anywhere within Africa will be prioritized.
Who can be a partner?
We consider any proposed partnership and evaluate accordingly. Our goal is to ensure we have the best franchisees in our farms, and recommend giving careful consideration to who your potential partner will be as Oliver Omega 3 Farms® franchise agreements are typically 10 years in length with an option to renew for an additional 10 years.
We evaluate criteria in any partnership such as: time you have known one another, previous business experience together, proven experience working in a non-business setting, and other factors.
Once I meet the criteria, what is the waiting period for a franchise and how do I know what number I am on the list?
We do not rank applicants in order in which they apply. Therefore, we are unable to quote time frames or guarantee a candidate that they will ultimately be chosen for an interview and/or approved for a franchise. When we have an opportunity for a new franchisee, all applicants who have identified that particular area as a location preference, will be considered. The most qualified applicants will be contacted for the first interview. Consideration is not based on the length of time that an applicant has been on file.
In addition to the initial investment of a Oliver Omega 3 Farms® franchise, what on-going payments am I required to make during the term of the License?
On-going payments include:
- A weekly Royalty fee of 6% of gross sales for the term of the License;
- A monthly Advertising levy of 4% of gross sales for the term of the License.
What is the term of the License Agreement?
The term of the License Agreement is usually 10 years and usually with options to renew for up to a further period of 10 years.
I have a Site I wish to bring forward, will you consider it?
We are constantly evaluating new markets and for competitive reasons, are unable to divulge if we are interested in a specific location. As a result, we are unable to respond to individual requests to review a specific site.
I submitted a Franchise Application, do I need to re-apply?
If you have submitted an inquiry to us and you have not heard from a member of our Franchising department, then we do not have any opportunities available for which you have been selected and are unable to comment on a time frame when this will change.
If you still have a question after reviewing our FAQ’s. Please use the forms below to submit any further questions you might have.