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Are you thinking about buying a franchise?

Posted: 04 February 2016

McAdam Siemon Business Accountants Upper Mt Gravatt, Noosa Heads & Maroochydore. Specialising in Accounting, Taxation, Management Rights, SMSF Administration, Business Advisory, Business Valuations , Franchising, Franchises, Buying a Franchise.

 

Are you thinking about buying a franchise?

Before you do, you should assess whether or not you are the right kind of person to own a business.

  • Have you a passion for a particular type of business?
  • Are you dissatisfied in your present occupation?
  • You would like to work more flexible hours, more or less?
  • You want to be your own boss?
  • Will the pressures of a new business affect your significant others? Research shows that franchisees with highly supportive families perform better than those that don’t have this.
  • Do you have a strong desire to build wealth?
  • Do you have an ability to be creative and entrepreneurial but remain within the boundaries of a brand or a system?
  • Do you know how to lead a team?
  • Do you have strong organisational skills?
  • How much money are you thinking of investing?

The list goes on ……..

McAdam Siemon understands that a franchise business has unique features that differ from other businesses.

For that reason, we have established a franchising division and are members of the Franchising Accountants Network, so timely and accurate advice can be provided to you.

So that you can make informed decisions, we have a structured approach to the way we deal with franchising from buying through to selling.

These have been specifically designed for the franchise industry sector and you will be advised of the costs upfront.

If you would like to discuss buying into a franchise, do your due diligence first, and/or give Rob a call to find out how I can help you.

 Upper Mt Gravatt: 07 3421 3421