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-   -   Possibly buying into an Australian franchise (https://britishexpats.com/forum/australia-54/possibly-buying-into-australian-franchise-917201/)

beakermuppet Sep 12th 2018 6:43 am

Possibly buying into an Australian franchise
 
Ok

So I'm currently in WA.
I've been working with an Australian guy, he's moving to another area.
We had a talk and he said i could buy into his business as he'd like to start a franchise.

How would the visa side of things work if i was to go ahead with this?
I'd like to stay for quite a while if possible (maybe 5 years or longer, see how it goes) and its been a dream of mine to run, or help to run a business like this.
I'm 28 and currently on a working holiday visa.
The proposal isn't that sweet at the moment but i could negotiate. I need to know that its actually a possibility.
We could possibly go down the route of sponsorship

I'd appreciate any advice
Thanks

the troubadour Sep 12th 2018 9:27 am

Re: Possibly buying into an Australian franchise
 
I would seriously do a lot of research and get advise on this matter. Look at all avenues and pro and con's into franchise operations. Don't let your visa situation dictate rational thought, that you may regret. And at a cost.

Pollyana Sep 12th 2018 10:02 am

Re: Possibly buying into an Australian franchise
 

Originally Posted by beakermuppet (Post 12562100)
Ok

So I'm currently in WA.
I've been working with an Australian guy, he's moving to another area.
We had a talk and he said i could buy into his business as he'd like to start a franchise.

How would the visa side of things work if i was to go ahead with this?
I'd like to stay for quite a while if possible (maybe 5 years or longer, see how it goes) and its been a dream of mine to run, or help to run a business like this.
I'm 28 and currently on a working holiday visa.
The proposal isn't that sweet at the moment but i could negotiate. I need to know that its actually a possibility.
We could possibly go down the route of sponsorship

I'd appreciate any advice
Thanks

I'd get some advice from a registered agent, especially if looking at being sponsored. You would need to have a job on one of the skills lists, and there would be various hoops for the sponsor to jump through as well.

Pomster Sep 14th 2018 3:25 am

Re: Possibly buying into an Australian franchise
 
My husband asked our tax accountant about buying into a franchise- the accountant said 'franchises are more trouble than they are worth'

the troubadour Sep 14th 2018 4:17 am

Re: Possibly buying into an Australian franchise
 
I'd agree with above and would be loathe to do any business in WA, that required a substantial parting of money. But all to their own research and findings but a 'tread with care' message is not out of place.


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