How do I buy a franchise?

by 1st of March, 2021

Buying a franchise involves a few steps. You may be purchasing a franchise in a new location, or it may have been established for some time. Firstly, you will need to locate a franchise opportunity that suits your skills and abilities. Secondly, you will need to contact the seller, who may be a franchisee, franchisor or business broker and obtain more information, including the disclosure document and franchise agreements. Thirdly, you will need to obtain independent legal, accounting and business advice to help you perform due diligence and assess whether the franchise is right for you. It is a good idea to speak with current and former franchise owners. The ACCC has a good video about buying a franchise and what you need to know.

Tags: franchisesforsale