What is a franchise business?
A franchise is a type of business structure where the owner of a business franchise licenses another business operator to use the franchise’s trading name, intellectual property and operating materials. Joining a franchise is a great way for anyone who wants to be their own boss and run a business as a franchisee. It can also be very profitable for franchisors who can successfully expand their franchise.
In Australia, franchising is regulated by the Franchising Code of Conduct, meaning there’s quite a bit of legals that need to be taken care of.
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