Grooming Successful Multi-Unit Franchisees – What Franchisors need to know
PUBLISHED ON 6TH OF JUly 2015 ONLINE – FRANCHISING MAGAZINE There are many ways a franchisor can grow the franchise brand. Multi-unit franchising is one way for some of the most well-known brands to grow their system, especially within the retail sector. Some types of franchise systems are more suitable for multi-unit franchising than others.... Read More
Why it pays for a franchise buyer to link a lease and a franchise agreement
PUBLISHED ON 8TH OF MAY 2015 ONLINE – FRANCHISING MAGAZINE When you buy a franchised business, the franchise agreement is one of the most important documents you will need to sign. However, if the potential franchised business is premises-based, the lease of the premises will be equally important. What you must ensure is that the... Read More
Buying a Franchise – The Basics You Need To Know
PUBLISHED IN JUNE 2015 ONLINE – FRANCHISING MAGAZINE Franchising has, for many years, been an attractive option for business purchasers as it offers an increased degree of security. Potential franchisees look for big brand names, which are well established in the market, have a great reputation, and a system that works, all while eliminating the... Read More
5 top tips for selling your franchise system
PUBLISHED ON 25TH OF march 2015 ONLINE – FRANCHISING MAGAZINE Over the last decade, many franchise systems in Australia have changed hands. It is prudent for every franchisor to have an exit strategy and to have all their ducks in a row should a potential buyer come along with an offer. The most important thing... Read More
When do you get franchise documents?
PUBLISHED ON 7TH OF APRIL 2015 ONLINE – FRANCHISING MAGAZINE When should you, a franchise buyer, get your franchise documents and what should you do with them? Here are some simple tips for dealing with the essentials.You have chosen a franchise brand. You have made contact with the franchisor. You have gone through the initial... Read More
6 things you need to know about franchising and intellectual property
PUBLISHED ON 27TH OF JANUARY 2015 ONLINE – FRANCHISING MAGAZINE Franchising is a form of licensing where the franchisee is licensed by the franchisor to use its intellectual property (trade marks, copyright, know-how, trade secrets, designs, patents, branding, operational manuals, business concept, methodologies, recipes, etc).Franchising is also considered as one of the most effective ways... Read More
How to work with your lawyer
PUBLISHED ON 18th of december 2014 ONLINE – FRANCHISING MAGAZINE When purchasing a franchised business, it is highly advisable to obtain advice from a franchise lawyer, as it is a decision that should not be made lightly and requires careful consideration.However, before you instruct your lawyer, you should remember the following five points:1. Engage a... Read More
what the franchisor can do to ensure you comply
PUBLISHED ON 2nd OF december 2014 ONLINE – FRANCHISING MAGAZINE When you invest in a franchise you sign up to some form of compliance. But can the franchisor really enforce you to follow the rules?Franchising is a business relationship between a franchisor, who is the creator of a system or method of doing business within... Read More