The importance of due diligence in franchisingBy Nigel Williams, Century 21. "Due Diligence" is a term often used these days when requesting prospective Franchisees to conduct a thorough research process of the Franchisor's business operations before making application to become a Franchisee. However in my opinion, due diligence applies equally to the Franchisor i.e. has the Franchisor conducted a satisfactory due diligence process relating to the prospective Franchisee, before asking the prospect to make application to become a Franchisee?" Read more
Interview with the Scope IT Education team
In this interview, the Scope IT Education team answer franchisees most frequently asked questions. Find out more about this exceptional opportunity and see if it is right for you to be in business for yourself but not by yourself.Read more
In the last 34 years Bakers Delight has grown to over 700 bakeries across three countries, serving 2 million customers each week. This is an excellent opportunity to own a Bakers Delight franchise in the inner Sydney suburb of Leichhardt.
If you are looking to buy a franchise you might want to consider owning a franchise resale. As franchising in Australia matures, a growing number of Australian franchisees are looking to sell their business. There are many reasons for this including wishing to retire, looking to relocate, a change in personal circumstances or their exit plan was simply to sell their business after a certain number of years. There are advantages and disadvantages to owning a resale which we explore further in this section. Read more about franchise resales
Buying a master franchise in Australia
Are you looking to expand your investment portfolio? A master franchise may be the opportunity you are looking for. Master franchises are international opportunities that are successfully franchising outside of Australia and now looking to expand their operation into Australia. These opportunities are ideal for those looking for a challenge and wanting to make an impact in the Australian franchise industry.
How to franchise your business
Not all businesses can be franchised. Firstly you need to be running a successful business before you can even consider it for franchising; franchising should not be used as a testing ground for new business ideas. In order for a business to be franchiseable it needs to have systems and procedures that can be replicated and skills that can be taught and transferred.
Exhibitions & events Australia
Attending a franchise exhibition is a must for anyone serious about franchising. Franchise exhibitions are taking place throughout Australia in 2014; we have listed all key dates. As well as being able to access hundreds of franchise opportunities all under one roof, you are also able to speak face-to-face with franchisors you are interested in and find out more about franchising by attending free educational seminars.
Buying a franchise
Buying a franchise can be a huge financial commitment; with many using their life savings to finance the business. With that in mind, it is therefore imperative that you undertake as much research as possible into franchising. You need to initially be certain that it is the right route into business start-up for you and if so, research each opportunity thoroughly. Although franchising is described as a safer start-up investment, it does depend on the opportunities you are interested in and whether they are ethical and viable. In this section we take you through the decision-making process step-by-step.
Franchising is a very complex area. Our Ask the Experts section allows you to post questions to a panel of experts covering all areas of franchising. We have selected some of the most frequently asked questions and their answers. Frequently asked questions Franchise FAQs
Each year the Franchise Council of Australia awards top performing franchisors and franchisees in their annual Excellence in Franchising awards. Selected by a judging panel consisting of leading Australian experts, these awards recognise the shakers and movers in the Australian franchise industry.
Franchise Council of Australia
The Franchise Council of Australia represents Australia's $131 franchise industry; franchisors, franchisees and franchise service suppliers. The FCA helps to establish and maintain best practice standards amongst franchise systems to help form a viable franchising sector. The FCA also serves to educate prospective franchisees on ethical franchising as well as lobbying and educating specialist groups with an interest in franchising such as state and federal governments and the broader business community.
Looking for advice on buying a franchise in Australia? Our supplier directory can help point you in the right direction
Buying a franchise resale in the US
Fancy a move across the pond to the good old USA? Then check out our new resales site dedicated to the US market www.franchiseresales.com
About whichfranchise Australia
If you are interested in franchising then you have come to the right website! whichfranchise Australia provides prospective business owners with everything they need to know about franchising. We will help you to identify if franchising is the right route into business start-up for you, and if so, what steps you need to take to find your ideal franchise. We look at the disadvantages as well as the advantages of franchising and examine why franchising is not right for everyone. We give you advice on how to research franchise opportunities including the questions you should be asking franchisors and franchisees, as well as how to self-evaluate yourself to identify your strengths and weaknesses, and likes and dislikes.
We have a directory of franchise brands that are actively looking for franchisees in Australia. We also list existing franchises for sale in our Franchise Resale section and promote master license opportunities available.
We have a comprehensive finance section that gives advice on how to raise finance for a franchise and which allows you to post your finance questions directly to financial experts.
Our legal section covers all the required legalities and why it is important to use a franchise lawyer when buying a franchise and provides information on the franchise agreement. We also cover the latest updates to the Franchise Code of Conduct. We also have a directory of franchise lawyers throughout Australia.
As well as being able to read about franchise opportunities and request information direct from the franchisor, you are also able to read stories about real-life people who are successfully running their own franchise business. These inspiring stories will help you to find out more about what it takes to become a successful franchisee and why these people decided to go down the franchise route. We also have interviews with some of Australiaâ€™s leading franchise companies and highlight the latest news from the franchise industry.
If you are an existing business owner and interested in exploring the option of franchising your business then we can help you to identify if your business is franchiseable and if so, the steps you need to take.
If you are a franchisor and looking to expand your franchise then we can help you to attract the interest of serious potential franchisees through advertising your opportunity on whichfranchise. whichfranchise is truly a website with something for everyone!