A Detailed Guide to Buying a Franchise in Australia Buying a franchise is different from owning an independent business. The former has more perks, the reason why many budding entrepreneurs show interest in franchise investments these days. Nevertheless, just like any other business venture, buying a franchise in Australia is an intricate process with legal formalities. If you are in your initial phase of seeking franchise business for sale in Sydney, Melbourne, Adelaide, or elsewhere, this is the perfect time to get your facts straight on franchise purchase. Read below to know more!
What is franchising? Franchising is a business model which allows a person to buy the rights of business operation for another brand and leverage the same under applied conditions and norms. As the franchisee, you can sell and promote the franchisor’s services and products for a given tenure as per the franchise agreement. In return, you would have to pay a certain amount in royalty or other franchise fees and abide by the parent company’s agreement.