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Financial Tips for Prospective Franchisees

Written on the 15 April 2015

Purchasing a franchise is a substantial financial commitment.

Before you invest your money there are a few things to consider. In a recent article published in Business Franchise magazine author Jamie Bishop shared his 8 tips. You can read them below, and you can also check out the full article here.

Here are 8 financial tips to follow when considering purchasing a franchise:

  • Understand the legislation governing franchising
  • Review  disclosure documentation with care
  • Educate yourself
  • Know your borrowing capacity
  • Choose the right business structure
  • Is GST applicable on the purchase
  • Prepare your own financial projections
  • Don't pay too much

This article appeared in the Mar/ Apr 2015 issue of Business Franchise Australia & New Zealand.

 


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