Starting a franchise in Australia in 2018?
The Franchise Council of Australia reports that Australia’s franchising sector is worth $146 billion. As a fast-growing sector, franchising is an attractive prospect for many successful business owners. While...
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Small business owners could benefit from the recent changes made to unfair contract laws
There are currently over 2 million small businesses and franchises in Australia. If you are the owner of one of these small business or franchises then you could benefit...
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Why is due diligence doubly important when buying a franchise?
In our article ‘Points to consider when selling your business’ we discussed due diligence being an important step if you are a prospective purchaser of a business, as it...
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Licencing your trademark may cause an expensive problem… if you have REALLY created a franchise
If You’ve Given Licences To Others To Use Your Trademark, System or Marketing Plan and Haven’t Complied With The Franchising Code… You May Have A Problem… A recent decision...
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Purchasing a Business: Important Things You Need to Know
1 – Undertake Due Diligence As a purchaser of a business, you should conduct an initial assessment of the business to satisfy yourself that it is a viable purchase....
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Looking to start or buy into a franchise? Your Simple 6 Step Guide
Every year, thousands of Australian business owners purchase franchising rights from an existing franchise or start a franchise of their own. Notwithstanding, buying a franchise can be a good...
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5 things prospective franchisees should consider when reviewing a Franchise Disclosure Document
1 – Knowledge & Experience Does the franchisor have the knowledge and experience required? You are essentially paying to leverage the franchisor’s knowledge and experience so this is crucial....
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Franchise Disclosure Documents: Everything You Need to Know
The franchising industry in Australia is regulated by the Franchising Code of Conduct. Part 2 of the Franchising Code contains provisions that make it mandatory for all franchisors to...
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Some tips to help resolve Franchise Disputes quickly and as cost effectively as possible
Are you involved in a franchise dispute? Franchises are becoming a popular business structure used by people to operate a businesses… and as they’ve become more popular, so have...
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Points to consider when selling your business
1. See your advisors early Many vendors leave their run far too late when it comes to involving their professional advisors in the sale process. Your business lawyer can...
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