What Homework Should You Do On The Franchise System

5

  • How much will you need to invest to buy and operate the franchise?
  • What initial and ongoing training and support will you receive?
  • Does the franchise have the ability to remain competitive and maintain its brand value in a fast moving market?
  • Speak to existing franchisees. Ensure that you choose the franchisees to speak to.
  • Do you get a defined territory to trade in? How is your market protected by the Franchisor?
  • What are the fees payable under the franchise? What is The relevance of these fees?
  • Ensure that you read the franchising Code of Conduct to understand your rights and obligations. See ¬†www.franchise.org.au

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