DON'T GET RIPPED OFF!
?Some of the biggest brands in franchising are being accused of fraud, collusion, and unconscionable conduct against their franchisees?
See Major franchise brands accused , Kristen Le Mesurier | October 19, 2007
http://smallbusiness.theage.com.au/g...900007700.html
The ?usual suspects? who are relied on to provide protection to franchisees are the following.
1. Franchisors: - Sounds a little like the fox guarding the hens!
2. Solicitors: "Litigation is too expensive and time consuming...? (see above article)
3. Franchisee consultants: Many stand to gain a benefit from promoting or suggesting particular franchises. This conflict of interest makes the advice tainted.
4. The Regulatory Authorities: That assumes that they have the man-power & ability to assist you. That appears not to be the case. (See the above article).
SO THEN WHO IS PROTECTING POTENTIAL FRANCHISEES?
The Franchisees Advocate Group (
www.franchiseesadvocate.com), is a newly created Australian business with a unique set of skills for safeguarding potential franchisees ? BEFORE its too late.
Unique: In addition to setting up & operating numerous well-known Australian businesses & franchises (such as Nando's Chickenland, ATM Solutions; Digital Recall etc) The Franchisees Advocate Group?s experience includes drafting Disclosure Documents, Franchise Agreements, Operating Manuals etc.
This means that when they evaluate a franchise opportunity, they apply the combined knowledge and insight of all of the following: Franchisors AND Business Operators AND their Legal/Accounting training. This is a uniquely complete perspective of the franchise-business AND the franchise documentation (so that the prospective franchisee doesn?t land up with a great Franchise Agreement, but a lousy business).
The Franchisees Advocate Group is acutely aware of the necessity to keep franchisees costs low.
For more information regarding their services visit
www.franchiseesadvocate.com
Acting for Australian franchisees ? BEFORE it?s too late!.