There are over 1,000 franchise brands in Australia, with hundreds of thousands of individual businesses employing millions of people. Franchising is a strong driver of our economy, but the reality is that the scales are weighed too heavily in favour of the franchisor, and this can make life very hard for people who think (at least at first) that franchising is the key to success in business.
Experience tells us that the best time to see a lawyer about a franchise is before you start looking for one, but reality tells us that simply does not happen. The next best time is when you are weighing up an offer from a franchisor to let you invest in their brand, and you should stop talking to them until you have had a lawyer check the paperwork.
And not just any lawyer. Until you have had skin in the franchising game, you really have no idea what really goes on in franchise world – and that applies to most lawyers who profess their franchise credentials.
Our principal Colin Dorrian has been a franchisee, and knows better than most what can go wrong when the franchise promise fails to meet the franchise reality. His knowledge and experience can be used to help others meeting a similar fate.