Ashwin1

How much approx. would it be taken for a start up
franchise ......in A$

tks

Hutch

Depends on the franchise - costs range enormously. My brother-in-law bought into a tile shop franchise which had up-front costs of $100k, the franchise I'm considering is usually $30k up-front.

Wendy

See this link for details of available franchises and prices

http://www.franchisedirectory.com.au/

Campbells

I’m based in Auckland and have had some folk ask opinions on the whole franchise thing and the law here is different in many ways in NZ which is an ongoing learning curve in terms of business parameters as the Kiwis can be different.

Anyway, what I can say if you look in the NZ yellow pages there are heaps of attorneys specialising in franchise disputes so that for me is a flag going up. I agree with the start-up thing.

I always offer advice in trying to secure a territorial or exclusive agency agreement for a decent product and develop the markets for those and at least you are developing your own asset. If you are currently in employment you can do your search to find the right product agency thing and maybe even start up and phase in / out approach thus minimising your risk.

Maybe even look into a buy-in to a business where you will work for the business.

It has got to be win / win otherwise you will start to resent your situation.

My 5 cents for what it’s worth.

Cheers & good luck.

DrWho

The problem is not so bad if the fee is fixed... But I don't imagine many are... And then the harder you work and the better you do, the more you pay... Couldn't put up with it... And then I guess previously having started from scratch a business that employed 49 people and turned over $20m I'd always struggle with someone else climibing on my back...

NKSK version 2

What is the pre-tax net profit?

I'd be happy with a 15% fee if it left me with a 30% net pre tax.

Conversely I wouldn't be happy with a 15% fee which left me with 5%.