Flowchart-thumb

Share | |

Printed from the Franchise New Zealand Website - www.franchise.co.nz

Free Issue Request

Thank you for your interest in Franchise New Zealand, and for requesting a copy of the magazine.

Our website has detected you are making this request from outside of New Zealand

Should this be an error (occasionally a proxy server can confuse the issue), please do let us know - include your details as per the form on the website, and we'll send a copy straight out to you.

Franchise New Zealand magazine contains around 120 A4-size pages each issue, and postage costs outside New Zealand are prohibitive. This makes it too expensive for us to mail a complimentary copy to all casual overseas enquirers. As stated on our web site, therefore, the free trial copy offer can apply to New Zealand addresses only.

We apologise for this inconvenience; we have tried to address overseas interest by including many useful articles on the web site itself.

However, if you would like to receive Franchise New Zealand magazine internationally, this may be done by taking out a subscription. A subscription covers four issues (one year) or eight issues (two years). If you would like to subscribe please see the latest subscription rates.

If you have an interest in advertising your own business in the magazine please let us know and we will arrange for our International Sales department to contact you regarding advertising rates and magazine samples.

Alternatively, we are happy to send a copy of the magazine to a New Zealand address if you expect to be in the country soon.

Magazine

Free Magazine!

Send for a free copy of our print magazine, the authority on buying a franchise.

The first thing you need to do is decide what sort of business you are looking for. You need to work out what would best suit you and what you would want from it.

Essential reading
It’s all about you
What's the best franchise for you?

The cost of buying into a franchise ranges from under $5000 to over $1 million. What matters is not how much you have to spend, but how much you – and your new business – can afford. That may mean arranging finance.

Essential reading
What to ask about funding
Facts about franchise funding

Find out how franchising really works – particularly the unique relationship that exists between franchisees and franchisors. You will be appointed as a franchisee because you have the potential to succeed in a particular franchise, you'll be given a proven product or service and then trained and supported as you grow – but you will succeed or fail on your own merits.

Essential reading
All about franchising
Subscribe to email newsletter

The greatest single source of information on any franchise system is going to be the franchisors themselves, so don’t hesitate to ask questions. Prepare for every meeting by making a list of the questions you want to ask, and write down the answers. Be prepared to say if you don’t understand anything - the better informed you are, the more likely it is you will make the right decision.

Essential reading
200 questions to ask the franchisor

You need to go into any franchise with a good understanding of what is involved, so make sure you find out everything you can about the business in advance. The franchisor will provide a lot of information and the amount of detail will increase as you get more serious, but you should also read everything you can about the company in magazines, trade journals and on the internet.

Essential reading
How to research your franchise
What's in the disclosure document?

There is probably a franchise available in almost any industry that interests you (see our Directory). This is good, because you will have a good choice of opportunities. But it's important to research not just the franchise but also your chosen industry to make sure the business has a real future in New Zealand.

Essential reading
Shopper's guide to franchises
Lost in translation

The best way to get information about the performance of the franchise is to talk to franchisees who are already operating the business. You will get a realistic assessment of the return to expect; the hours required; the assistance provided by the franchisor and the everyday experiences of a franchisee.

Essential reading
Shopper's guide to franchises
50 questions to ask franchisees

Franchisors won’t usually make financial projections for any new business but should be able to provide you with figures based either upon the performance of an existing franchise or company-owned outlet. Some offer work or income guarantees that may be attractive to the newcomer. Get an accountant with experience of franchising to assess all figures.

Essential reading
Why use an accountant?
Will it make money?

A franchise is like a marriage – but with more paperwork! Most franchise agreements are lengthy documents (40-60 pages), and are couched in legal language. That’s why you must get a franchise-experienced lawyer to check over the franchise agreement. If you don’t understand what you are getting into then you could be in for some nasty surprises further down the track.

Essential reading
Why use a lawyer?
What's in the franchise agreement?

check what you're paying for

Before you sign the agreement and write the cheque, make absolutely certain you know what the up-front franchise fee covers. If you change your mind, pulling out may be expensive. You must also have a clear understanding in writing of any ongoing fees which are payable. It is important that you are aware of what fees are payable, how they are calculated and what they are for.

Essential reading
What do you get for your franchise fees?