What are the signs that a franchise will provide you with the opportunity to run a profitable operation, and deliver on its promises?
We asked lawyer Robert Toth to outline some key factors that indicate a franchise is on track.
Top 10 signs of a good franchise
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Quality products and services with longevity (no passing fads).
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A strong, well-known public image and a niche in the industry.
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Professional management.
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The ability to duplicate success.
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The ability to create profits.
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The capacity to grow and create financial strength.
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The ingredients to make it successful for you.
If the business is new to franchising, is it suitable? Check these points…
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It has been operating in the market with company owned stores or units for at least two to three years.
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It has a distinct business that is difficult to imitate.
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There are standardised operations and systems in place.
Robert Toth is a partner at law firm Marsh & Maher.