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Helpful resource links and tips on choosing a franchise business that is right for you. |
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Free tools and guides
Franchise team
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Contact us now |
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email us |
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phone 0800 177 007(Monday to Friday,
8.30am to 5pm) |
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| Research franchise opportunities |
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| Find out all you can about franchising business opportunities in New Zealand using |
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Franchise Association of New Zealand |
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Franchise Business |
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Franchise New Zealand |
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| Choose an industry that interests you and that you'd enjoy working in. Ask yourself these questions about potential franchise opportunities |
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is there a real need for this product or service? |
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how stable is that need? |
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how big is the market and is it growing? |
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how much competition is there? |
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how good is that competition and how long have they been in business? |
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is the franchise part of an international operation? |
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are there several franchises in the industry to choose from? |
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what are the points of difference between each competitive franchise? |
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| Take a look at each franchisor’s website. Contact each franchisor for |
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a franchise information pack |
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the company's history |
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details on franchise products, services—and the market for these |
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the role of the franchisor—what will they do to help? |
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franchise costs—both initial and ongoing |
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email our Franchise Team for a franchise research checklist |
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| Get as much information as you can to make an informed decision about the franchise business. Think about whether |
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you like the franchisors |
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you'd fit with the company |
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| Arrange several meetings with the franchisor. Look to gather more detail than you did at the previous meeting. |
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| Buying a franchise is a complex and multi-leveled decision. So don't be afraid to keep asking questions. |
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email our Franchise Team for a list of questions to ask the franchisor |
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contact the Companies Office to confirm the company's details, shareholders and directors |
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get a list of credit references and check carefully |
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run a credit search through a credit agency |
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visit the Companies Office website |
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| Ask questions such as |
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is the franchise business what they expected? |
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what do they think of the business? |
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what do their customers think of the franchise business? |
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| Involve a good franchise accountant, lawyer and bank for independent and professional franchise advice. |
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| Meet with your franchise lawyer to |
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check if there are any legal actions pending against the company |
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review your franchise agreement prior to signing |
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| Contact a franchise accountant for help with |
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preparing a business plan |
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financial projections |
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| Use a bank that |
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employs franchise business specialists |
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offers franchising finance options |
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franchise banking packages |
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contact a Westpac franchise business specialist |
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