Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

Possibly buying into an Australian franchise

Possibly buying into an Australian franchise

Thread Tools
 
Old Sep 12th 2018, 6:43 am
  #1  
Just Joined
Thread Starter
 
Joined: Sep 2018
Posts: 1
beakermuppet is an unknown quantity at this point
Exclamation 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
beakermuppet is offline  
Old Sep 12th 2018, 9:27 am
  #2  
Lost in BE Cyberspace
 
Joined: Oct 2008
Location: Perth
Posts: 6,775
the troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond repute
Default 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.
the troubadour is offline  
Old Sep 12th 2018, 10:02 am
  #3  
Home and Happy
 
Pollyana's Avatar
 
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,809
Pollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond reputePollyana has a reputation beyond repute
Default Re: Possibly buying into an Australian franchise

Originally Posted by beakermuppet
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.
Pollyana is offline  
Old Sep 14th 2018, 3:25 am
  #4  
BE Forum Addict
 
Pomster's Avatar
 
Joined: Apr 2005
Location: Western burbs, Melbourne
Posts: 2,260
Pomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond reputePomster has a reputation beyond repute
Default 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'
Pomster is offline  
Old Sep 14th 2018, 4:17 am
  #5  
Lost in BE Cyberspace
 
Joined: Oct 2008
Location: Perth
Posts: 6,775
the troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond reputethe troubadour has a reputation beyond repute
Default 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.
the troubadour is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.