Franchising



About Franchising

A franchise is a legal business relationship between the owner of a business system (which can involve trademarks, trade names, logos, etc) and a person or group that wishes to use the system ...


Types of Franchises

The franchise may or may not involve an actual product as it is more a method of conducting business. Some examples are mechanical repair, home tune ups, bookkeeping systems etc ...


Buying a Franchise

People are attracted to franchises mainly because of the track record of success that many of them have been able to achieve over many years. That is, a new business owner would be looking ...


Master Franchise

Another aspect of franchising which is sometimes confused with multi-level marketing is what is known as a “Master Franchise”. This is used where the franchisors, for their own reasons ...


Financing Your Franchise

When buying a franchise, the franchisor (owner of the franchise) may be able to loan money by leaving in an amount over a period of time as part of the cost of the franchise ...


Operating Your Franchise

There is no point in starting your business unless you are clear that every area of the business has been explained to you and you are confident of being able to run things well ...


Criteria for Franchising a Business

Franchising provides your business with an excellent opportunity to expand rapidly without you having to outlay a lot of capital. The Franchising system allows you to conserve your capital ...


Selling your Franchise

It is important to check whether you have approval to sell your franchise. This would depend on the terms of your Franchise Agreement. Most franchises would allow you to sell your franchise ...


The Franchisor

The Franchisor is the person or company that owns the right to a business name and system whereas the Franchisee is the person who buys it and operates it. The franchisor sells the right to the business ...


Disclosure and Agreement

The purpose of the Disclosure Document is to give the potential purchaser a full and fair explanation and other details about the intended business operation. By making this clear at the beginning ...


Franchise Code of Conduct

The franchising code of practise was introduced by the Franchise Association of New Zealand (FANZ) in 1997. This code only applies to member of the association. It requires franchisors to produce ...