Buying a Franchise Business
With over 60,000 franchisees in Australia operating around 1000 franchise businesses, you will need a specialist franchise lawyer. A specialist franchise lawyer will know the risks with a young or developed franchise system, will understand what questions or due diligence is needed and what terms can be negotiated.
Your local solicitor probably sees 1-2 franchise agreements a year, where a specialist accredited franchise lawyer will see 2-5 franchise agreements a week and is involved in disputes (so they really understand what can go wrong).
Before buying a franchise business, ensure that they are an accredited business and franchise lawyer and offer you a fixed fee. Whatever you do, do not use a franchise lawyer that is referred to you by the franchisor or the agent selling the franchise business.
Selling a Franchise Business
Using an accredited business and franchise law specialist is an important part when selling your business. Specialist franchise lawyers will use the latest precedents to best protect you and can facilitate a quick sale by lining up the lease, discharging any mortgage requirements over equipment or property and work with your agent and accountant to expedite the sale of your business.
We have a combined 40 years of selling franchise businesses and can offer you a fixed fee when selling your franchise business.
We also operatate Sydney Franchise Lawyers: www.newhousearnold.com.au/franchise-lawyers/