Home featured Editor's Choice Featured Franchising Editor's Choice 6 things to know before buying a franchise in 2015 Guest Author January 14, 2015 In 2014, franchising in Australia had an estimated total sales turnover of $144 billion, employing $460,000. While Australian business has been in decline since 2012, the franchise sector is growing in leaps and bounds, with an additional 6000 franchise units per year. Now, more than ever, people are looking to franchises as a viable career choice. Buying a franchise is often a daunting decision, from both a monetary and lifestyle perspective. Here are six pearls of wisdom to consider when scoping out potential franchises. Happy franchisees – It may seem like common sense, but many people don’t talk to people who are working within the franchise when they are sussing out a potential franchise to join. Does the lifestyle they lead appeal to you? Do they feel financially secure? Are they well supported by management? These are all questions worth asking. Brand familiarity and trust – It goes without saying that one of the greatest advantages of joining a franchise is that it is a known brand that consumers recognise and trust. Choose a franchise that has a great reputation, or if the brand is lesser known – ask to see what plans they have. A solid training and support network – Talk to other franchisees and find out about the systems in place. A good franchise will have an existing training induction, as well as ongoing