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buying a franchise

IS IT FOR YOU? Stop looking. Stop wondering. Stop everything you’re doing, and talk to us before you talk to anyone else. Iridium Partners help potential franchisees research, evaluate, and navigate the franchise industry. We don’t just buy and sell franchises. We match people with businesses. We work with a number of high-profile brands to offer franchise opportunities, and can also assist with purchases outside of our network. So stop reading, and pick up the phone. Call Nathan 0275 393 022 or email info@iridium.net.nz iridium.net.nz

I.R.B. Realty Ltd Licensed REAA 2008

If you’re just starting to think about buying a franchise, here are some helpful hints and links

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n our last issue, we published a guide to getting into your own business through franchising. The article proved extremely popular so, for the benefit of new readers, here are some of the highlights – you can read the full article online at www.franchise.co.nz/article/2903. We’ve broken into bite-size chunks the whole process of finding the right franchise opportunity for you.

Learn how franchising works Although most people have heard of franchising, few really understand how it actually works. The basic principle is that someone develops a business format and an operating system which has some advantages over existing businesses in the market. By franchising, this person (called the franchisor) then replicates his or her business in other geographic areas by granting the right to another (the franchisee) to operate the same business system under the same name. The franchisor gains income from an initial fee paid by the franchisee to gain access to the franchise brand, training and systems, and from ongoing fees paid by the franchisee. These ongoing fees, which may be calculated in a number of ways, also pay for ongoing training, coaching and mentoring for franchisees. There are

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Franchise New Zealand

Winter 2019

Year 28 Issue 02

Profile for Franchise New Zealand

Franchise New Zealand - Year 28 Issue 02 – Winter 2019  

Buying power – it’s one of the biggest benefits of joining a franchise. In our cover story this issue, we outline the many benefits that a f...

Franchise New Zealand - Year 28 Issue 02 – Winter 2019  

Buying power – it’s one of the biggest benefits of joining a franchise. In our cover story this issue, we outline the many benefits that a f...

Profile for paul52