Assessing franchise opportunities
Before you buy into a franchise, carefully consider all the legal, financial and business implications. Answering the following questions with your accountant, lawyer or business adviser will help guide your decision of whether to buy a franchise.
The franchisor
- How long has the franchise business been established and what is its reputation?
- Who owns the franchising organisation and what is their record?
- Are they members of the Franchise Council of Australia?
- Are they aware of and fully compliant with the mandatory Franchising Code of Conduct?
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