#Franchisees
Why millennials are the future of franchising
It’s no secret that millennials have developed a bad reputation, particularly when it comes to the workplace. Baby Boomers and Gen Xs tend to have a not so complimentary view or the younger generation – but could these millennials have more potential than first meets the eye? [Related: How to transform franchisees into entrepreneurs] Typically […]
How one mobile coffee van expanded into an international fleet of over 200
For a new business start-up, the cost and complexity of staff, landlords and rent is all but part of the package. Then comes the question of location: who are your customers, will they come to you and how many competitors are already in the area? But what if your business was mobile – what if […]
PACK & SEND success with the right partnership
Dimitri and Janet say it hasn’t been a complete walk in the park, but believe they have found the balances needed to drive a successful relationship and business simultaneously.
Cleaning company fined $500,000 for offences
A Melbourne cleaning company has been fined half a million dollars in proceedings by the ACCC.
The 5 legal issues to watch out for when investing in a franchise
Choosing a franchise over owning an independent business should provide you with constant back up and support. However, this doesn’t mean that you need to wash your hands of the legal and financial implications.
What should a franchisee expect from a franchisor?
There will be expectations that are unique to each industry, however, when buying into an existing franchise franchisees can expect to receive expert assistance from franchisors in a range of areas relevant to their business.
The top five qualities a franchisor looks for in a franchisee
Franchisors work hard to develop their business model into a format that can be easily replicated. To build an exceptional franchise brand, franchisors are looking for exceptional people to join their team.
Seven key questions to ask before buying a franchise
With the franchise industry contributing an estimated $131 billion to the Australian economy, it is fast becoming a mature sector with many small to medium scale businesses utilising a franchise model as one of their key strategies for growth.
Is it time to consider a franchise?
In the search for a balanced life that matches ambition, flexibility and achievement, franchising keeps popping up and raising its hand for attention. And with good reason; many of the 73,000 current franchisees, who have helped build the franchise sector to the $131 billion contribution to the Australian economy,* signed up to enjoy financial gain, […]
5 signs the time’s right to franchise
Choosing to franchise your business is an exciting decision to make and a fantastic marketing method. But how are you supposed to know whether franchising is the right move for your organisation? Consider these 5 signs.
Advice for franchisors: Treat franchisees well
Ever hear of the Filet-O-Fish sandwich? Or the Blizzard frozen treat? Both were invented by franchisees – not the parent company.
Eight traits of successful franchisees
Thinking about buying a franchise? It’s not for everyone. Columnist Jeff Elgin says these personality types are most likely to succeed.
How to get a franchise concept up and running
Get Threaded founder Liz See has been working to release her unique ‘brow bar’ franchise concept across Australia and New Zealand since 2009, launching with just $5000 in the bank. The first of her Master Franchisees opened for business this month, and See is reflecting on how she got the concept off the ground.
Cafe2U franchise expands to US
The Australian Cafe2U franchise has signed its first American franchisee, with Katie Luelling to begin operations in Bend, Oregon.
Rogue Cold Rock stores closed following franchise breach
Three Cold Rock Ice Creamery stores in Queensland have been placed into administration after being taken to court for breaking their franchise agreements.
7-Eleven reaches 500-store milestone
7-Eleven is celebrating the achievement of two important milestones this week, having just opened its 500th branded store and converted its 100th Mobil retail fuel sites since acquiring the business in October 2010.
Snap-on credit program to benefit prospective franchisees
With small businesses often facing issues obtaining financial support from major financial institutions, Snap-on Tools has implemented a new credit program aimed at assisting prospective franchisees by allowing it to finance the start-up costs of a new franchise for an initial investment by a prospective franchisee of a minimum of $37,000.
Is franchising for you?
While buying a franchise can sometimes seem like the safest, easiest route into small business ownership, as with anything, there are always risks. Make sure you weigh it all up before you sign on the line.
Global franchise performance measurement now possible
Franchisor performance is now measurable globally, enabling Australian franchisors to compare their model across a range of key performance indicators (KPIs) against other franchises.
New Franchising Code of Conduct laws apply from *today*
A new Franchising Code of Conduct will be enforceable under law today, with franchisors forced to comply with new franchising laws by the ACCC.