Evaluate yourself to be certain that you want to run a business.
Evaluate the system to make sure it has the reputation and history to prove it will be there for you in the long term.
Seek professional advice from franchise experts.
Seven questions you should ask before
selecting a franchise
Firstly you must find out if you can afford to buy the franchise. Ask the franchisor if they have any relationships with lending institutions and if so what are they. There are many financial institutions that provide franchisee funding and advice.
It’s very important to have appropriate advice when reviewing any new business opportunity. If you wish to engage a solicitor or financial advisor, it is essential that you find one experienced in franchising to work with you to assess the fairness of the proposed franchise contract and business. As most franchise contracts are not changeable, you need to evaluate if the terms and conditions of the contract are acceptable to ensure that everyone’s interests are covered.
Any business can fail. Joining a reputable franchised system substantially increases your chance of success as you are buying into a proven business model. To be successful a franchisee must follow the franchise system, with effort and enthusiasm. Being part of a franchise group makes being in business a lot easier. A franchisor provides the tools, know how, support, a proven business system and brand, it is up to the individuals to make that work to their advantage.
A prospective franchisee should seek professional advice from qualified and experienced advisors. There are several legal and regulatory areas that impact on franchising.
Generally, franchising is regulated under the same general law provisions that govern all commercial activities. The TRADE PRACTICES ACT is the primary legislation governing franchising.
The Franchising Code of Conduct
First introduced in 1998, and updated since, to regulate the franchise industry and introduce standards and protection for franchisees.
Requires franchisors to provide disclosure of information about the proposed business.
Potential franchisees should read the Franchisee’s Guide to the Code as it will assist understanding legal issues in franchising.
The Disclosure Document
A franchisor must provide a prospective franchisee with a copy of the code of conduct and the disclosure document.
The information disclosed covers issues relevant to the commercial viability of the franchise.
1. Complete the enquiry form.
Rest assured, your details will remain confidential.
2. We’ll get in touch with you.
We will have a chat to answer any questions you have. If you are interested, we will then send you more detailed information.
3. We meet with you.
We’ll meet with you to assess if Blue Wheelers is the right business for you and to answer any further questions you may have.
4. You’ll experience a day in the life of a Blue Wheelers Operator.
You will enjoy a day with one of our professional team members and experience a typical day in a Blue Wheelers business; to help you make the right decision.
5. We make it official.
We finalise your application, payment plans and contracts and order your new Blue Wheelers mobile salon with your own personalized name.
6. You undergo training.
You commence extensive training to prepare you for your new business.
7. Congratulations! Your Blue Wheelers business is ready to go.
Welcome to the Blue Wheelers team. We look forward to helping you achieve success.
All Rights Reserved; The Franchise Group Pty. Ltd 2020 ©