Becoming
a franchisee

In business for yourself but not by yourself

Thinking about becoming a franchisee?
Buying a franchise can be a great way to start your own business using a proven model that works - from branding and pricing to marketing and operations. New Zealand is the most franchised country in the world per capita, making franchising a popular path to business ownership. However, success requires more than choosing an appealing brand - it takes preparation and confidence in the franchisor you partner with.
 
How to prepare
Before you commit, take time to understand franchising and assess your readiness:

• Complete the FREE FANZ Franchisee Pre-Entry Training Course: This covers six short online modules designed to help you understand franchising and evaluate opportunities.

• Seek professional advice from experienced advisors such as franchise consultants, accountants, lawyers, and bankers. Choose FANZ-affiliated advisors - they follow our Code of Practice and Ethics.

• Buy from a FANZ Member: FANZ Members are committed to best-practice franchising, offer a seven-day cooling-off period, and include dispute resolution processes in their agreements.
   

Questions to ask yourself

• Do I have the time to run a business?

• Am I prepared to give up the security of a regular income?

• Do I have the full support of my partner or family?

• How will I manage if the business does not meet expectations?

Other key steps

• Research franchising as a business model

• Decide on the industry and role that suits you

• Prepare for interviews and site visits

• Speak with existing franchisees

• Review the Disclosure Document and Franchise Agreement for your potential franchise system carefully and make sure you understand it.

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Our friends at Franchise New Zealand media have an advice centre for potential franchisees - click below for more information.