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Paying for the rights to run a business with an established name, marketing and operating procedures is appealing. However, franchising isn't for everybody.
Before you get started you should make sure you have the right skills and personality for franchising, evaluate the franchise and franchisor, and get professional advice on the many legally required franchising documents. Use our franchising essentials or get more details on the pages below.
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Franchising EssentialsStep-By-Step: Is franchising right for me? |
An important first step before you buy a franchise is taking the time to evaluate the franchise, the franchisor and, most importantly, yourself to see if franchising is for you.
Make sure you read and understand all mandatory documents including the franchising Code of Conduct, Franchise Agreement, Disclosure Document and the retail lease (if applicable) before signing an agreement.
When planning your finance, it's important to remember the fee structure for each franchise is different and analyse what you’re getting for your money.
Turning your business into a franchise can be rewarding and profitable, but you need to be aware of, and follow, Australia's strict franchising legislation.
If you need more information about franchising, type your question into the box below or browse through the most frequently asked questions from other users.
