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Showing posts from September, 2022

12 BEST FRANCHISE OPPORTUNITIES TO BUY & OWN IN 2022

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 Hi there, Franchise opportunities are the best way to acquire a business and become your own boss. You can run a business with the proven policies and procedures and use the intellectual property of the franchisor for a nominal fee. It is a great way to ensure success when you do not have any start-up ideas or funds to establish a business in the cluttered marketplace. I knew that this would work for me because I could not take orders from others on a day-to-day basis. So, I bought a franchise for sale in Australia and have been living my life happily with a significant income. If you wish to do the same, please read the article shared below.  https://www.franchise2sell.com.au/blogs/franchise/best-franchise-opportunities-to-buy-own-in

During a franchise agreement

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 Franchisors must keep franchisees informed Franchisors are obliged to give franchisees certain information and documents during a franchise agreement. This includes the disclosure document if franchisees ask for it. Franchisors must tell franchisees about: Changes to the franchise that are materially relevant During a franchise agreement, franchisors must keep franchisees up to date about certain important information that the Franchising Code of Conduct calls materially relevant facts. Read More: https://www.accc.gov.au/business/industry-codes/franchising-code-of-conduct/during-a-franchise-agreement

Beginning a franchise agreement

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 Steps to take If you’re signing a franchise agreement for the first time, you should have already:  carefully considered whether or not to buy a franchise read all the documents from the franchisor had independent professional advice on the agreement and any disclosure from the franchisor about their financial circumstances completed other recommended steps. Read More: https://www.accc.gov.au/business/industry-codes/franchising-code-of-conduct/beginning-a-franchise-agreement

Steps to take before you sign up to a franchise

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 Find out what it’s really like to be a franchisee Appearances can be deceiving and you can’t tell how well a business or franchise system is doing from the outside. Talking to other franchisees is the best way you can find out what a franchise business is really like. To know more about what franchising is like, potential franchisees should: speak to at least 5 current and former franchisees We have put together some questions you can ask former and current franchisees to help you find out what a franchise is really like. The franchisor must include contact details of their current and former franchisees in the disclosure document. The franchisor cannot influence or encourage a former franchisee to ask for their contact details be removed from the franchisor’s disclosure document. Read More: https://www.accc.gov.au/business/industry-codes/franchising-code-of-conduct/thinking-about-buying-a-franchise/steps-to-take-before-you-sign-up-to-a-franchise