FRANCHISE BASICS
10 THINGS TO CONSIDER BEFORE PARTNERING TO BUY A FRANCHISE Finding a business partner can be a way to start a new franchise by sharing risk, combining skills and pooling capital. MAGDALENA SCHOEMAN Belgravia Health & Fitness
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ometimes there are benefits to buying a franchise with a partner, or a group of investors. While this arrangement doesn’t suit everyone, there are situations where it may be advantageous There are different types of partnerships. You may partner up and both work in the business day to day, while other arrangements involve “silent” financial partners. If you are considering partnering up to buy a franchise, it’s worth doing some groundwork to understand how to make this sort of arrangement work as smoothly as possible. Who you partner with is as big a decision as what franchise to buy.
NOV/JAN 2021-2022 | 60 | WWW.FRANCHISEBUSINESS.COM.AU
