Becoming a franchisee
If you don’t do your research before buying a business, you’re plucked.
For people considering getting into business for themselves, especially in the New Year, franchising is one option many will likely investigate.
Old Taskmaster is back at the local shopping centre for another sales meeting. During the meeting, a franchisee confesses their biggest regret in business.
Retail Zoo, the parent company of Boost Juice and Salsa’s Fresh Mex Grill, is getting ready to roll out its coffee brand CIBO Espresso across Australia, with stores set to open in Melbourne, Sydney and Western Australia by the end of 2013.
It’s no fluke that successful entrepreneurs are outgoing, confident and self-disciplined. Research suggests a number of key personality traits are needed to succeed in business.
Expansion plans for ice-cream franchises in Australia are heating up with Baskin-Robbins announcing plans for another 200 shops in Australia over the next 10 years, tripling the chain's presence in the country.
Domino’s Pizza is allowing customers to rate stores in real time via a new app, with the information to be shared on Facebook in a bid to improve the stores’ service and operations.
Afterhours childcare franchise Sherpa Kids plans to recruit 100 Australian franchisees in five years and expand into as many as eight countries, after launching in the United Kingdom.
Carl's Jr is set to launch in Australia with the American burger chain announcing its intention to open 300 stores in the next 10 to 15 years.
Australian car-cleaning franchise Nanotek is expanding into the Czech Republic, Slovakia and Austria, with founder Jim Cornish attributing the move to the region’s “entrepreneurial spirit”.
Gourmet biscuit producer Byron Bay Cookies intends to go global with its franchising model, after establishing six Australian stores, and is looking for franchisees to fuel its expansion.
Young entrepreneurs are being encouraged to enter a Subway competition in which they build, operate and promote a virtual restaurant for the chance to win an all-expenses paid trip to the US.
When it comes to the two main types of franchisee locations – high street versus shopping centre – it’s vital to weigh up the pros and cons.
Wholesale distribution company Metcash is ramping up its fight against supermarket giants Coles and Woolworths, after launching a new food franchise called Harvest Market.
Household goods rental franchise Mr Rental says it has taken “the necessary steps” to satisfy the corporate regulator, which has ordered it to refund more than 1,500 customers because of an unfair contract term.
Quest Serviced Apartments has announced plans to build 10 new properties across NSW by 2014, after revealing it is on the hunt for new franchisees to drive the brand forward across Australia, New Zealand and Fiji.
The National Franchisee Coalition has outlined its wish list for the federal government’s review of the Franchising Code of Conduct, including a specific definition of good faith and measures to combat the issue of “churning”.
An ambitious food franchise chain has come unstuck after start-up costs doused its flames.
An expert has highlighted some of the challenges of hiring immigrant franchisees, after Retail Food Group said more than 50% of its successful franchisee applicants over the last six months spoke English as a second language.
A former Bakers Delight franchisee has been asked to attend a mediation session with the company, after taking to Facebook to accuse the company of “stealing” his business.