Buying a Franchise

Why Buy a Franchise?

Buying a franchise has many benefits over starting up a business on your own. Brand recognition, training, support, group marketing to name a few. There are a few traps, so here are a few tips if you are considering buying a franchise.

  • Unless the franchise is a household name you trust, it is a good idea to check they are a member of the Franchise Council of Australia. FCA Members must abide by Member Standards, also available on the FCA website.
  • Do your homework. Is the price reasonable, based on your anticipated income and the probable resale value of the franchise?
  • Talk to one or more existing franchisees to find out if they are happy with the level of support and amount of work they receive.
  • Most franchises also charge an on-going royalty. Think about what you are actually getting for this royalty – is it reasonable?
  • If you can, spend some time working in the industry into which you are considering buying, prior to committing to the purchase.
  • Visit the Franchise Council of Australia’s website for more information on the benefits and pitfalls of buying a franchise.

Animal Franchises Available in Australia

A selection of animal related franchises available in Australia.

Franchise Industry Start Up Costs
Lonely Pets Club Pet Sitting & Dog Walking $9,990 – $22,990
Dogtech Dog Training $20-35,000
HydroDog Dog Grooming $37,500 plus GST
Pets Paradise Retail Pet Store New store $100,000 plus
CatMax Design & Construction of Cat Enclosures $60,000
PetWise Store Retail Pet Store New store $350,000 + stock

You’ll need confirm these prices are still correct with the relevant company if you are interested.