Franchise Advice

Franchise Advice - Featured Services

Legal Advice

Can I negotiate a franchise agreement or is it take it or leave it?

... Your ability to negotiate the terms of the franchise agreement depends largely on your bargaining position. If the franchise system has been in existence for a long period, has numerous franchisees and is sought after ...

View all questions for ASCO Agmen-Smith Lawyers

How much does it cost to have a franchise agreement reviewed by a lawyer?

... The cost will depend on a number of things and we cannot speak for other lawyers, but costs can run from between $700 - $900 + GST for the most simple review, through to $3000 - $5000 + GST for more complex or higher ...

View all questions for MacDonald Pilcher Partnership

What do I do if I am sent a breach notice or a termination notice by the Franchisor?

... If you are a franchisee and you are served with a breach notice, it is very important that you not ignore it. Franchise agreements normally have a set process for the way in which they can be terminated ...

View all questions for Deirdre Watson, Barrister

Business Advice

Should I run a pilot before I start franchising my business?

... The answer to this question is normally yes but there are some exceptions. Pilot operations are the first step in assessing whether your business is suitable for franchising and just like a prototype of a new plane you ...

View all questions for The Franchise Coach

What are the most common mistakes in expanding overseas?

... There are a combination of early mistakes that are consistent causes of expansion failure or disappointment. 1- Insufficient capital often compounded by poor selection of an international partner or an underdeveloped ...

View all questions for DC Strategy

EXPORT READINESS: Are you ready?

... Are you ready? International franchising is tempting for many franchisors. Overseas markets such as Australia, Britain, USA, Canada and China are attractive to local businesses because they are often perceived to present ...

View all questions for Franchize Consultants NZ

Financial Advice

What are the benefits of franchising?

... A few of the main advantages are: • It allows a business to expand quickly and strategically, to fill gaps in the market and make use of opportunities before the opposition does. • By using other people’s ...

View all questions for Westpac New Zealand

How much money do I need to buy a franchise?

... Franchise businesses vary in cost from $20,000 to $1m plus, so it does depend on the business you are purchasing, as to what level of funds you require. It is important to check what you can afford early on so that you ...

View all questions for The National Bank of New Zealand

How can my bank help with GROWING my franchise?

... The franchising of a business can be very rewarding but it is also a complex long term strategy that must be undertaken carefully. Whether you’re already franchising and seeking growth or running a strong business with ...

View all questions for ASB Bank

What is working capital and how much will I need?

... Working capital is the capital (cash) you will need to operate your business over a short term. It is used to cover expenses such as wages, power and sometimes the opening stock of a business until sales/income is generated. ...

View all questions for ANZ

How much can I borrow towards my purchase?

... This is often one of the first questions people ask when looking at buying a franchise. As a lender with a specialised franchise unit, BNZ already has a good understanding of a wide range of franchise systems, so in some ...

View all questions for BNZ

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