STARTING A FRANCHISE IN AUSTRALIA - ALL YOU NEED TO KNOW
Planning to buy a franchise in Australia? Or, looking for franchising your current business? Then, it’s the right time to consider either of the options. Time has come to become your own boss; all you need to decide is whether to be a franchisee or a franchisor. As now you can build a national brand for a specific product or service and achieve higher business growth through franchising than self-funding. Did you know, “ Australia has three times more franchise outlets per capita in comparison to the US, with 79,000 franchised outlets which rake in a combined annual turnover of more than $146 billion and collectively employ 470,000 people?” Among the fastest growing industries in Australia, franchising represents 4% of the country’s economy. Pre-Requisites Franchising in Australia is regulated by the Franchising Code of Conduct . Setting up a franchise involves legal process, thus, it is advisable to consult a business adviser or solicitor to know the core fundame