Awesome Image
Franchise

Franchise Business in Australia | Franchise Consultants in Sydney

franchise business in Australia

Franchise Business in Australia | Franchise Consultants in Sydney

Franchising is one of the most popular business models in Australia. However, if you type in “Franchising Consultants in NSW” or “Franchise Consultants Sydney” on Google, you may not find the answer you look for. The franchise business in Australia is a small sector with a huge impact on the overall economy, therefore finding the right advice from a Franchise consultant is crucially important. Below are a few key points you need to know before entering a Franchise Agreement.

Franchise businesses in Australia majorly focus on the key documents such as:

  • Franchise Disclosure Document,
  • Franchise Agreement, and
  • License to Occupy.

A Franchise Disclosure Document is given in the early stage of the process. Franchise Disclosure Document display all of the possible cost involved in a franchise business, showing the Franchisor’s corporate structure, and the summary of the current Franchise network. Commencing 14 November 2022 ( date subject to the Government’s changes), the Franchise Disclosure Document has to be registered annually, but at this stage, there is no specific details are given. It depends on each Franchisor, the Franchise Disclosure Document could enclose the Franchise Agreement and License to Occupy.

A Franchise Agreement is a written contract between a franchisee and a franchisor. A Franchise Agreement lists out the terms, duties, and obligations of both parties. All the relevant operation costs should be detailed including loyalty fees, marketing fees, and other running costs. Having the Franchise Agreement read and understanding the key points is salient before you enter the Franchise Agreement.

The License to Occupy grants the right to the Franchisee to run the business onsite. Normally,  the License to Occupy is enclosed with the Franchise Agreement as a set of documents. Each organization has different terms and conditions the general format is the same.

Brydan Woods, amongst other Franchise Consultants in Sydney,  has been working with the top practitioners in the Franchise business in Australia. Franchising Consultants in NSW may not be a popular go-to, so finding the right firm with high expertise and robust knowledge in the Franchise business could be a challenge.

Contact Brydan Woods today for a complimentary session for your questions.