Buying a franchise

Nov 12 2024 12 ep. 15 mins 1

Buying a franchise Podcast artwork

Inside Franchise Business is dedicated to informing potential franchisees about the franchising sector, and engages with the audience through a variety of cross-media channels.

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What do you need to be an at-home care franchisee?

Nov 12 2024 13 mins

The at-home caring market is packed with potential: we are living longer and by 2058 it is projected there will be more than 1.5 million over-85-year olds living in Australia.In this podcast we look beyond the statistics and discuss what services at-home care provides, what it takes to succeed in business, and why a franchise delivers so many benefits to a business owner.

Why would I pay franchise fees?

Oct 17 2024 17 mins

If you're buying a franchise you're almost certainly signing up to pay franchise fees. So what can you expect?In this podcast we discuss why franchise fees are an integral part of a franchise system, what fees you may have to pay and what format they take, how to find out the value and appropriateness of the fees, and what happens if you don't pay them.

Marketing the business

Jul 03 2024 17 mins

Buying into a brand with strong marketing is a major reason for franchisees to invest. The franchisor plays a key role in marketing the business, promoting the brand for the benefit of the franchise group. So what can you expect when it comes to marketing within a franchise network?National marketing is the franchisor’s responsibility but unlike non-franchise brands, there is ano

Funding a franchise

Oct 18 2023 13 mins

How can you fund your franchise purchase? It’s common for franchise buyers to approach a bank for a loan to help boost their savings.What happens though if you want to source money from elsewhere? Franchisees may turn to their family for a loan, or consider remortgaging their home.In this podcast we discuss some of the pros and cons of both options.This short podcast is neither i

Franchisee expectations

Jul 20 2023 22 mins

In this podcast we reference Greg Nathan’s Franchise Relationships Institute (FRI). Greg is a globally-recognised psychologist, former franchisee, and a regular contributor for Inside Franchise Business on the connections formed in franchising, boosting performance and good franchisor habits. Check out our podcasts on the Franchise Agreement and Disclosure Document, helpful conve

Code of Conduct

Feb 15 2023 12 mins

Have you heard of the Franchising Code of Conduct? It creates a framework for the relationships between franchisor and franchisee in Australia.What’s important to know is that this is a mandatory code and it applies to both franchisees and franchisors.Our quick guide will point you in the right direction so you can make sense of why the Code is relevant to you.

Location, location, location

Feb 02 2023 13 mins

It’s the mantra in real estate but what does getting the right location look like if you’re buying a business? When it comes to developing any service or retail business that is not purely online, location is an important part of the mix that can lead to success. Even the best operator with a popular brand can struggle to achieve their goals if the business is poorly located.

How much does a franchise cost?

Nov 23 2022 12 mins

Buying a franchise can be an affordable purchase, or a major investment. Franchise brands operate right across the price spectrum so it’s a matter of matching your budget to what’s available.However the sale price is unlikely to be the final figure that you will spend. The key is to find out what’s included in the upfront cost of the business, and there are a number of factor

The Franchise Agreement

Oct 27 2022 16 mins

What is a franchise agreement and why is it different from a business contract? Essentially a franchise agreement is the basis of the business relationship between the franchisee and franchisor. If you’re considering a franchise as a business opportunity, you’ll need to know how it differs from a standard business contract. Not sure what your obligations will be? Unsure what th

The disclosure document

Apr 30 2022 13 mins

If you’re buying a franchise you can’t avoid the paperwork. And that means lots of documents coming your way, including the disclosure document. This is a crucial piece of the puzzle for a would-be franchisee, and it’s something the franchisor legally must provide. So what’s it all about and why do you need it? Listen to this podcast to find out why it’s a must-read befor