Buying a Franchise - some common questions:
-
Are there hidden or unexpected costs?
-
Are there any other surprises?
-
What will the franchisor do for their royalty fee?
-
How will the advertising levy be spent?
-
Can I opt out if the franchise does not work out and run my own business?
-
Can the franchisor set up another outlet close to me?
-
Can the franchisor take away my business for any reason?
-
How easy is it to sell the franchise?
-
What happens when my renewal comes up?
-
What happens when the lease is up for renewal?
-
In reality what training and support is provided?
-
Will the franchisor take some responsibility to make me a success?
-
What protection does the Franchise Code of Conduct provide for me?
Selling a Franchise:
-
How do I get my business ready for sale?
-
How do I sell my business?
-
What are the tax implications of selling my business?
-
How can I maximize my net return on the sale?