Buying a franchise can be tricky, which is why is is important to do your homework. There are many factors to consider before diving in. So, if you are serious about buying a franchise, make sure you arm yourself with all the facts before making your decision.
There’s an old saying in franchising: “Franchisors get the franchisees they deserve.†The reverse is also true, as many franchisees continue to make uninformed decisions or waive the requirement for legal advice. The quality franchisors like Dymocks, Grill’d, Muffin Break, Enzed, Xpresso Delight, and Nandos all share the same interest as a franchisee: a quality operation with quality people.
In the face of 1200-plus franchise systems, variables of new or existing, mobile or retail, B2C or B2B, industry and level of capital investment, prospective franchisees need to make a fully informed decision. This article is not intended to be an exhaustive list of 1+2+ 3 and you are franchising. But for anyone serious about buying a franchise, read on. For those contemplating an easy or passive investment, the best outcome is to consider alternative investment strategies.
Franchising in Australia is enjoying a counter-cyclical upward trend that occurs in any economic slowdown as employees seek the certainty of taking responsibility for their own destiny. The past nine months in Australia have been marked by a significant increase in the amount and quality of overall prospective franchisee interest.