Franchising Archives

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Due Diligence: The best investment you can make prior to buying a franchise

Coleman Greig March 18, 2019

Too often, Coleman Greig sees franchisees bypass the vital task of conducting their own due diligence prior to buying a franchise on the basis that it is too expensive, or that it delays the sign-up process. Instead of viewing due diligence as an expense to the business, franchisees should view the process as an investment, as it provides critical knowledge required to make calculated decisions.

End of Year Leasing Health Check for Franchise Tenancies

Coleman Greig December 12, 2018

It’s that time of year again, where many of us start to wind down (or in some cases, wind up prior to the Christmas deadlines) and start thinking about whether our house is in order. As such, Coleman Greig would like to remind you of some of the common pitfalls that we often see in our leasing practice, particularly within the world of franchising.

Franchising vs Licensing: Making the Right Choice for Your Business

Coleman Greig December 12, 2018

With the current climate, the terms ‘franchising’ and ‘franchise’ can often leave a bad taste in one’s mouth. As such, business owners looking to either expand or leverage a successful business in order to achieve further growth will often explore alternative models, such as licensing. While ‘franchising’ and ‘licensing’ may mistakenly be used interchangeably, they are two distinctly different concepts.

Update on the Parliamentary Inquiry into Franchising

Coleman Greig December 12, 2018

It is difficult to ignore the immense amount of press surrounding the recent parliamentary enquiry into the franchising sector and the effectiveness of the Franchising Code of Conduct. The Senate Committee, chaired by Michael Sukkar, has set themselves the task of discovering whether amendments to the Code would result in a more cohesive sector and provide greater support to franchisees.

2018-19 Franchise Agreement and Franchise Disclosure Document Update – Don’t Delay, time is running out!

Coleman Greig October 9, 2018

Under the Franchising Code of Conduct, a Franchisor is required to update their Disclosure Document annually, within 4 months following the end of the financial year. If your financial year ends 30 June, the Disclosure Document for your franchise network needs to be updated on or before 31 October 2018.

Changes to the Australian Accounting Standard Affecting Franchisees & Franchisors: Bringing Leases Onto Your Balance Sheet

Coleman Greig June 28, 2018

As of 1 January 2019, the Australian Accounting Standards Board (AASB) will introduce a new leasing standard requiring Australian businesses to bring operating leases onto their balance sheets.

Parliamentary Inquiry into Franchising: What’s Wrong Within the Sector?

Coleman Greig June 28, 2018

A parliamentary inquiry into franchising and the effectiveness of the Franchising Code is underway, with hearings being conducted with a view to getting a report to the Parliamentary Joint Committee on Corporations and Financial Services by 30 September 2018.

Don’t rush into your franchise lease without checking the details

Coleman Greig June 15, 2018

Various issues can be overlooked in the rush to have a document signed and finalised, and because of a landlord’s pressure to have a standard document for a complex or centre. Such omissions may have an adverse impact on the retailer tenant.

Looking to recruit Franchisees to your business? Here are a few crucial tips for Franchisors

Coleman Greig March 28, 2018

In theory, recruiting a new franchisee should be a relatively simple endeavour – however the reality is that there are a number of pitfalls to face if you, as a franchisor, don’t have the proper systems and checks in place to assist in the recruitment of franchisees for your network.

Franchising Vs Licensing Your Business – Considering Your Options

Coleman Greig March 22, 2018

Are you ready to grow your business, but you’re not sure whether to look towards licensing or franchising? Peter Stewart takes a look at the pros and cons of both options.

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Franchising

Due Diligence: The best investment you can make prior to buying a franchise

End of Year Leasing Health Check for Franchise Tenancies

Franchising vs Licensing: Making the Right Choice for Your Business

Update on the Parliamentary Inquiry into Franchising

2018-19 Franchise Agreement and Franchise Disclosure Document Update – Don’t Delay, time is running out!

Changes to the Australian Accounting Standard Affecting Franchisees & Franchisors: Bringing Leases Onto Your Balance Sheet

Parliamentary Inquiry into Franchising: What’s Wrong Within the Sector?

Don’t rush into your franchise lease without checking the details

Looking to recruit Franchisees to your business? Here are a few crucial tips for Franchisors

Franchising Vs Licensing Your Business – Considering Your Options

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