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Possibly buying into an Australian franchise

Possibly buying into an Australian franchise

Old Sep 12th 2018, 6:43 am
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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
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Old Sep 12th 2018, 9:27 am
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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.
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Old Sep 12th 2018, 10:02 am
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Default Re: Possibly buying into an Australian franchise

Originally Posted by beakermuppet View Post
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.
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Old Sep 14th 2018, 3:25 am
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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'
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Old Sep 14th 2018, 4:17 am
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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.
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