Introduction to Buying a Franchise

Event Details

When: 6 February 2020 from 09:30-13:00

Where: Bookwiz Bookkeeping, 12 Old Collier Road Morley WA 6062

Event Description

If you are considering buying a franchise, it’s important to know the advantages and disadvantages associated with this business model. It’s also essential to develop an understanding of what it means to be a franchisee and how to undertake due diligence.

Buying a franchise is a major decision, and can have a huge financial and personal impact on your life. Once you have committed, the franchise agreement can make it difficult to get out, so it’s important to do your homework first.

This workshop will take you through what to look for when exploring franchise opportunities and making a purchase. It will also look at the advantages and disadvantages of franchising to help you to decide if it’s the right move, what to look for in a franchisor, expectations of you as a franchisee and key information about the due diligence stage.

This workshop covers:

• Assess the reasons why you want to buy a franchise
• Gain a better understanding on what franchising means
• Key things to research when investigating a franchise opportunity
• Understand the role of a franchisor
• Understand the role of a franchisee
• Overview of a franchise agreement and disclosure document
• Advantages and disadvantages of becoming a franchisee

 
This workshop is for anyone considering purchasing a franchise and anyone wanting to know more about franchising.