Is buying into a franchise worth the investment? Recent disputes between franchisors and franchisees of popular brands such as Nandos, Eagle Boys and 7-Eleven would suggest franchises are risky business.
However, enterprising Australians do love a franchise: we have about 1200 different franchise systems operating, licensing almost 80,000 franchisees. This is one of the highest rates of penetration in the world.
And why not? Most franchises are a sure bet, it would seem at first glance. You’re buying into a proven system with an established product, customer base and business operating system. Add to that a parent company or franchisor t…
Read the full article at: http://www.canberratimes.com.au/small-business/franchising/franchising-fallacies-why-you-need-to-examine-the-fine-print-20160907-grbd4u.html
