Becoming a franchisee

Advice Can I sell my franchise?

If you have had enough of being a franchisee, you can sell the business on, but don’t be under any illusions over how easy it will be.

Advice What are my rights as a franchisee?

The exact terms of your tenure as a franchisee will be laid out in a contract, but there are several regulatory requirements that apply to all franchises.

Advice What type of franchise is right for me?

Finding the right franchise for you is a process that should marry up with what you’re passionate about and what you can afford.

Advice What are the disadvantages of buying a franchise?

The reasons that make a franchise so attractive to some can prove to be a turn-off to others. Being a franchisee requires a certain type of mindset and personality.

Advice What are the advantages of buying a franchise?

The unofficial motto of the franchise industry is that franchisees are in business “for themselves but not by themselves”. This saying perhaps sums up the greatest strength of franchising.

Features The great franchise giveaway

The problem franchisors face in recruiting quality franchisees isn’t a new one, but only recently have industry players begun to offer bold incentives. BY MICHELLE HAMMOND.

News New web tool aims to help franchisees hit the right spot

A new website allows users to download traffic estimates for major roads around a selected site, making it easier for franchisors to choose the best locations for their franchise venues.

News Ben & Jerry’s searches for young, “cool” franchisees

US-based ice cream brand Ben & Jerry’s is looking to expand its Australian network by opening a series of franchisee-owned stores, describing its ideal franchisee as someone “cool” aged 18-35.

News Franchisors urged to emulate Bedshed profit calculator

Franchisors should consider introducing calculator tools for prospective franchisees to determine initial profit estimates, an expert says, following in the footsteps of bed franchise Bedshed.

News Bakers Delight flags franchisee recruitment drive

Bakery franchise Bakers Delight is ramping up its recruitment drive, expecting to sign up 100 new franchisees by the end of the financial year, despite the gloomy outlook for retail franchises.

News Swimart waives $45k joining fee in bid to expand network

Pool and spa franchise Swimart is waiving its $45,000 joining fee for independent operators prepared to rebrand as a Swimart store, as it seeks to grow its network from 65 to 100 stores.

News Be wary of franchise income guarantees, expert says

Prospective franchisees should not enter a franchise solely because it offers a guaranteed income system, an expert says, as more franchisors use income guarantees as a recruitment incentive

News Harvey Norman’s new website incorporates franchisees

Harvey Norman has finally launched an eCommerce site, despite the reservations of its chairman Gerry Harvey, but measures are in place to soften the blow for bricks-and-mortar franchisees.

News Healthzone collapse compromises 80 franchisees

Health products chain Healthzone Limited’s 80 franchised and 30 company-owned stores will continue to trade in the short-term, despite the business being placed into receivership.

News Service franchises trump food retail in popularity stakes

Service-based businesses have trumped food retail as the most popular type of franchise for new franchisees, new research reveals, due to smaller start-up costs and stronger trading conditions.

News Franchisee furore for Refund Home Loans, Tyrecorp

Almost 400 Australian franchisees, which operate under Refund Home Loans or Tyrecorp, face an uncertain future after both companies collapsed within a day of each other.

News Security franchise slashes fees by $50k as industry struggles continue

OzSpy Security Solutions is the latest franchise to heavily discount its start-up fees, reducing the establishment costs by $50,000, as recruitment issues continue to plague the industry.

News Coffee Club franchisee scoops FCA award

The Coffee Club franchisee Carolyn McManus has revealed her secrets to success for multi-unit franchising, after being named Multi-unit Franchisee of the Year by the peak industry body.

News Education not a barrier to franchise success: Report

Typical Australian franchisees are getting older and no longer require a university degree in order to be profitable, according to new research.

News Franchisors target revenue growth of 12% for 2012: PwC report

PwC report reveals franchisors are specifically focused on recruiting more Gen Y franchisees and are moving into online retailing without cannabilising the sales of their existing networks.

News Fitness First’s shrinking figures a warning for franchisees

Fitness franchises are starting to feel the effects of slow consumer spending, new reports claim, suggesting prospective franchisees should do their research before investing in the sector.

News Job losses tipped to trigger surge in franchising

The franchising industry is tipped to undergo a surge in enquiries as job losses ripple through the economy, but a small business lobbyist has issued a warning to prospective franchisees.

News Go Gecko property franchise in administration

Queensland property franchise Go Gecko has been placed into voluntary administration, but the company says its franchisees will be unaffected by the move.

News Baskin-Robbins targets regional towns in growth spurt

Ice cream franchise Baskin-Robbins has flagged regional areas across Queensland, NSW and WA as the focus of its next growth phase, ramping up its recruitment drive for franchisees.

News MP slammed over “rogue” warning to budding franchisees

Franchising experts have questioned the motives of WA Liberal MP Peter Abetz, who has warned prospective franchisees that “rogue elements” may “prey” upon them.

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