Buying a Franchise

“The Franchise Coach” and their advisors will step you through the process of becoming a franchisee from enquiry to opening. This includes international brands entering New Zealand.

Obtain proof of funding from your bank before you talk to any franchisors.

The range of business sectors now offering franchises is endless as today you can buy a franchise from lawn mowing to multi-million-dollar retail to qualified professionals. But it is even more complex when you look at the various franchise models that are available to you. The first two elementary words that you would have learnt were franchisor and franchisee. The franchisor is the person or company who developed the franchise system and the franchisee is the person or company who is given the rights by the franchisor to use the franchise system according to the franchise agreement and the manuals

By now you would have found that there are more options available to you than you first thought. You need to be clear on how much you have to invest and what skills you and your partners are bringing to the franchise. Look at these options and see how they allow you to evolve your business into something bigger within a franchise system. Talk about this with your prospective franchisor upfront as there are many examples of successful franchisees staying within franchise systems for the mutual benefit to both parties. That is the key outcome we all strive for in franchising.

If you have a business partner in mind it is wise to start your research together from day one.

Call the Coach today.