Buying a franchise business: Pros and Cons
Some of the most recognised brands in Australia are franchise businesses. Think Subway, Dominos, Laser Clinics, Poolwerx and the list goes on. From fast food to fitness to financial planning, franchising opportunities are as diverse as they are popular with the Franchise Council of Australia reporting the sector worth a...
Derek Parson’s Top Tips for securing finance for your franchise business
Following are a few tips to help you prepare for a successful finance approval process: Ensure your financial statements are current The lender will require copies of (including but not limited to): Last 2 years’ Accountant prepared financial statements (for existing stores) Interim management financials for current year-to-date (for existing...