Why should I consider franchising my business?

Franchising is a way of leveraging your intellectual property.

A solid business, doing well in its market, but finding itself at a crossroad regarding future growth may want to consider franchising as a way to quickly and strategically grow the business using other peopleÕs money.

Other reasons would be to create opportunities for existing managers, solve personnel issues (for instance increase the motivation of staff in remote locations through ownership), and increase sales (retail sales have been proven to increase with at least 20% when a business is franchised).

Westpac also offers a series of seminars around the country, together with specialist franchise lawyers and franchise consultants to assist businesses that are considering franchising their businesses. We fund system development as well as provide funding for purchasing the Master licence for an overseas Master.