How To Buy A Franchise

Everything you need to think about when considering buying a franchise, the pitfalls, the necessities, and the decisions that will affect your purchase.

Franchising & You

Here’s a selection of the most popular articles in this section – for the full list, click here.

50 questions to ask franchisees

Want to know what a franchise is really like? Ask the people who know

7 good and 7 bad reasons for buying a franchise

It's important to buy a business for the right reasons, but how do you know the difference between a good reason and a bad reason?

Why move to the regions to buy a business?

When franchises advertise ‘opportunities nationwide’, they mean it. Simon Lord finds good reasons why business buyers should look outside the cities

250 questions to ask your franchisor

What do you need to know before you buy a franchise? Here's a comprehensive list of over 250 vital questions to ask the franchisor that will help you make the right decision.

How do I learn the business?

From the Archives - September 2011 - Nathan Bonney offers some tips on what new franchisees should look for from a training programme

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Financial Advice

Here’s a selection of the most popular articles in this section – for the full list, click here.

Guarantees - what do they mean?

Franchises across several sectors are now offering guarantees of work or income levels. What do these guarantees mean? Simon Lord investigates

The beginners' guide to understanding the numbers

Philip Morrison of Franchise Accountants explains what financial reports can tell you about the business you’re buying

What can you afford?

Before you start looking at any particular franchise, you need to know what’s possible. Philip Morrison explains how to evaluate your own financial position

Why use an accountant?

Does money matter? The way some franchise buyers avoid taking advice, they don't seem to think so.

Will it make money?

Philip Morrison looks at how to calculate whether a franchise is a worthwhile investment

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Other

Here’s a selection of the most popular articles in this section – for the full list, click here.

What does the franchisor do for franchisees?

What have the Romans done for us? That's one of the classic lines from Monty Python's "Life of Brian" - but it will sound familiar to any franchisor, too. Simon Lord has been imagining how things might sound 2000 years on.

How long do franchisees keep their businesses?

In May 2012 we were asked by a reader what the average length of time is that franchisees stay with a franchise system in New Zealand. It's longer than many people might think, so we decided to explore some of the reasons why people stay or why they go.

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Legal Advice

Here’s a selection of the most popular articles in this section – for the full list, click here.

Why use a lawyer?

There's no excuse for cutting corners when buying a franchise

What should a disclosure document contain?

A good disclosure document is a great help when buying a franchise. What should it tell you?

Cutting through the jargon - a guide to common clauses in franchise agreements

Franchise lawyer David Foster explains what to expect in a franchise agreement and what it means for your future.

What's in the franchise agreement?

At the very heart of any franchise relationship is a lengthy legal document - the franchise agreement. But what should you expect to find in one, and what does it actually mean? Miles Agmen-Smith provides a guide.

12 tips and traps for franchise buyers

Franchise lawyer Michael Bright explains how to get off to the best possible start in your new business

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