Buying a Franchise
The Association’s members represent those concerned with promoting high-quality franchising in this country.
Look for this sign before you sign
The Franchise Association is the only body which sets standards for franchising in New Zealand. The Association’s members represent those concerned with promoting high-quality franchising in this country. Members are only accepted after undergoing independent scrutiny to ensure that their documentation and agreements comply with our rules. Members must also undertake to abide by the Association’s Franchising Code of Practice and Code of Ethics which define standards of conduct in keeping with international best practice.
Things you should know
Work with a FANZ member advisor
Why deal with our members
- All franchisor members must provide you with a document containing all the key details about the franchise.
- You will receive the necessary information in good time to make a sound decision.
- You will be encouraged to take proper legal and financial advice.
- All franchisor members offer a seven day cooling-off period.
- Only Franchise Association members are bound by the Franchising Code of Practise and the Code of Ethics.
- All franchisor members offer a simple dispute resolution process in their agreements to protect the ongoing relationship.
Questions to consider
- What time do you have available for the business?
- Are you prepared to give up the security of a regular income?
- Are you prepared to take on the responsibility of managing a business?
- Do you have the total support of your partner?
- What should you do if the business fails or does not perform up to expectations?
Other key areas to investigate
- Research franchising as a business format
- Decide what Industry and type of role you are interested in
- Understand the evaluation/recruitment process – refer Pre-Entry Online Education
- Prepare for the interview
- Complete a Site/Field Visit and talk to other Franchisees
- Understand the contents of a Disclosure Document
- Understand the contents of a Franchise Agreement