Important Things to Consider

The following items describe some important signs that you need to be aware of when choosing your franchise:

• Location

Location is everything.

• Exclusivity

Are you buying an exclusive or non-exclusive right to operate in a specific territory?

• Size

Would you get lost in a big franchise system?

• Growth

Fast growing could be good, but will you get enough attention from the franchisor at the beginning when you need it.

• Quick on its feet

A business that has instituted change in the past few years, for example introducing new technology, or adapting to changing consumer tastes, is a business that is living and growing.

• Marketing

What marketing collateral will the franchisor provide? You will want to see any TV or print advertisement or listen to radio ads.

• Slightly damaged

You might consider buying an underperforming outlet that has not proved itself yet. Some franchisees are slack and have difficulty implementing the franchisor's systems.

• Affordable

Have a clear idea of how much money you want to invest. Entry prices for franchises vary significantly. You may get into a small coffee franchise for $10,000, but a fitness franchise could cost you $600,000 and a fast food outlet upwards of $1 million to $2 million.

If you'd like more information or if you would like to discuss whether buying a franchising suits you. Please complete and submit the Express Enquiry form on the top right hand side of this page and we will contact you to discuss your enquiry or call us on 1300 QUINNS (1300 784 667) or on +61 2 9223 9166 to arrange an appointment.