One of the fastest growing segments of business, franchising has advantages for both people wanting to start a business and for existing businesses that wish to expand.
For someone wanting to start a business, buying a franchise reduces the risks of starting from scratch. Franchise systems have an established brand, co-operative buying power and advertising budget.
Developing your existing business into a franchise system can allow you grow the business both in size and geographically without bearing all the costs of increased capital necessary. It is particularly attractive model for services that require a degree of personal service.
If you are buying a franchise or establishing a new franchise system, speak to the Qld Law Group. We have experience in assisting one of Australia’s leading personal care systems grow locally and internationally. This experience can help you get it right the first time.