
Buying a franchise business? Before you make that purchase, it’s important to know all the basic steps involved in the acquisition process in order to make it work for you. Learn all about it from industry expert Brian Keen.
Episode Highlights:
- Why should you buy into a franchise business?
- Differences between conventional and franchise business
- Buyers of franchise
- Big franchises
- Investigation into franchising- What should you look out for?
- Questions you should ask herself-Main character points
- The best character profile for a franchisee
- Marketing support in franchises
- Looking at the figures
- Looking at the franchisor profile
- Industry in the next 10 years
- The benefits of owning a franchise
- The dangers of emotional buying
Are you thinking about buying a franchise? We ask industry expert Brian Keen, founder of Franchise Simply, about all the information you need to help you decide whether a franchise is a good business to buy or not.
Brian Keen has been in the franchise industry for over 30 years. His on-the-ground business experience as a multi-unit franchisee, franchisor and franchise consultant has led to him to create a step by step system which helps SMEs grow their business by franchising. Brian’s unique perspective makes him a perfect resource for anyone who is considering buying into franchises.
So, if all these sound interesting to you, hit play and listen to this episode. Together we’ll go through the basic steps involved in the franchise purchase process and run you down a checklist of things you ought to tick off before you buy in.
Resources:
- Franchise Simply
- Could you (and should you) franchise your business?
- Franchising 101 – Buying, Selling and Everything in Between
Connect with Brian on:
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Our Business Sales and Acquisitions Services
Aspect Legal has a number of great services that help businesses prepare for a sale or acquisition to help them prepare in advance and to get transaction ready. And we’ve also got a range of services to help guide businesses through the sale and acquisitions process.
We work with clients both big and small and have different types of services depending on size and complexity. We provide a free consultation to discuss your proposed sale or acquisition – so see our show notes on how to book a time to speak with us, or head over to our website at Aspectlegal.com.au
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