Franchising

Information on Franchising can be found under this Yellow Pages® heading. Franchises are usually offered to retail outlets, restaurants, health clinics, beauty spas etc. Franchising takes place when the owner of any goods or services appoints franchisers who are also known as franchisees the authority to market the goods or services of the owner who is the franchisor. The franchisor provides guidance, assistance and training to the franchisee in areas such as manufacturing, accounting, marketing and promotion. Franchising is one of the safest methods to own your own business. Look under this Yellow Pages® heading for a list of franchisers.

Two types of franchises are business format franchise where the whole business is licensed and the other one is product franchise where a product is manufactured by the franchisee.  The franchisee will initially have to pay franchise fee and also training fee to the franchisor. The franchisee enters into a long term relationship with the Franchisor and success of the franchisee will depend on the success of the franchisor. The franchisee has to study the advantages and disadvantages of the business before entering into agreement with the franchisor. Before entering into business with the franchisor, the franchisee should make sure that the franchisor is honest and reliable with him and provides all necessary information to the franchisee. Prices for Franchises vary from one business to another. The Franchise Council of Australia provides all necessary information on Franchising.

For people buying a franchise for the first time it may be a little confusing and frightening. In reality franchising is not a very complicated process and can be mastered with a little practice and dedication. Franchising will be enduring if you can find a business that suits your skills or something that you can learn easily. The business you choose for franchising must suit you well. Choosing the right franchise is very important, get all essential details and check for loopholes before you finalise on any one business. Getting advice from people who have prior experience will also help a great deal.