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Articles

I’m buying a franchise – am I set for life?

Unfortunately this is too often the expectation of a Franchisee, particularly those who have not done sufficient homework before deciding to enter their system of choice. Firstly, being a franchise is hard work – irrespective of the system. Successful franchisees all have total commitment to their system and business. If…
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What is a franchise?

One of the most commonly asked questions is “what is a franchise?” Here we try to explain what is a franchise. A franchise is an agreement between two parties, the Franchisee and the Franchisor. The first party, the franchisee, (which can be a person or a company) is given the…
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Master franchise opportunities in Australia

Establishing and buying a master franchise in Australia By Phil Blain The Australian economy remains extremely strong and has not really suffered from the GFC which so dramatically affected other western economies. Consequently Australia has seen an influx of overseas Franchisors wishing to take advantage of the strong trading conditions.…
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Franchise Council of Australia – franchising body

The Franchise Council of Australia Limited (FCA) is the peak body for the $128 billion franchise sector in Australia, representing franchisees, franchisors and service providers to the sector. The objectives of the Franchise Council of Australia It was formed in 1983 as a not-for-profit trade association, with the following objectives:…
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The importance of due diligence in franchising

“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…
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How to franchise a business in Australia

If you are looking at how to franchise a business, the following information will help you. Why franchise a business? Franchising a business can be a very fruitful way of expanding a successful existing business. Many well-known brands such as McDonalds, Domino’s Pizza, have used franchising to finance and accelerate…
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Selling a franchise business

There is no point buying a franchise without an exit plan. Some franchisors even make this early training of franchisees so they are more rigorous and aware of what is needed to build a good business ready to sell. Some franchises are hard to sell A franchisee business may still…
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