Steps to take before you sign up to a franchise

 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



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