Are you looking at a new Franchise Concept.?

There a number of factors to look at. Many Franchisor groups have not done their homework and you are likely to be one of a few Franchisees with a marketing budget that does not give you ant chance of getting your business off the ground. The other problem is that the concept may not be suited to Franchising or could have limitations that severely reduce the prospects of you making a profit.

With our background in Franchising, you will find out what to look for and what analysis has to be done to determine whether you  are going to make or lose money. You what you need to know whether the initial purchase  is fair and whether you will be able to make an ongoing profit that is sustainable. You need to know the questions to ask the Franchisor ansd information that is going to help you with this important decision.

We advise clients that have existing businesses that they wish to franchise.  As a result we have a comprehensive list of factors that we know are essential for a successful Franchising project.

There is an inherent problem in buying a new Franchise. Franchisors will not provide a business cash flow forecast and so you really have no way of knowing what profits you will make from the Franchise. they will present the concept as a guaranteed way of making money in a business where everything is provided for you. The old saying “‘you can’t lose”". Well the reality is, you can lose !!

The most important considerations therefore revolve around what you want out of your proposed franchise business. You need to examine factors such as; 

1.   Your reasons for looking at the Franchise.

2.    What financial return you you need to achieve.

3.   What investment is involved.

4.   Your personality.

5.   Your skillsets.

6.   Your time frame.

When you have thought about the above factors, give us a call on 9832 0900 to arrange a free no obligation appointment to discuss your proposed Franchise purchase over a hot cuppa.