We have written a number of blogs on franchising and also created a free Buying a Franchise Planning Sheet.
This week I've published a video highlighting 4 issues you should consider very carefully before buying a franchise.
Franchising has received some negative publicity lately, but the model can be a successful one.
However, it is very important for someone going into a franchise network to do their due diligence upfront.
I am not saying ‘never buy a franchise’.
I am saying make sure your eyes are well open before you buy, know the reasons you’re buying it and make sure you have independent, robust advice to evaluate the expected returns and confirm there is a good probability you will achieve your business objectives.
JPAbusiness offers a range of services to assist franchise buyers, including:
- Business finder service
- Franchisor assessment
- Due diligence
- Purchase negotiations
- Shop fit-out and premises leasing options.
If you are thinking about buying a franchise, contact the JPAbusiness team on 02 6360 0360 for a confidential, obligation-free discussion.
James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.