What is Franchising?
Franchising is a business relationship between two parties. This comprises of the franchisor, who owns the brand and business system, and the franchisee, who via a franchise agreement is able to trade under the brand.
Franchisees will pay an initial fee at the start of the relationship. In return they will receive a comprehensive package of training that will enable them to establish and run their business. There will also be monthly continuing fees throughout the term of the relationship. For this the franchisor will provide ongoing support, guidance and research and development to ensure the franchisee is successful.
So where do we come in? The PFA is the trade association for business format franchising in the PAK. We truly believe that franchising transforms lives. It provides people with the opportunity to do what they love, build a successful business and most importantly, do it to suit their own desired lifestyle. Being a PFA Member shows a commitment to ethical franchising and sustainable business practices. PFA Members adhere to the International Code of Ethics, providing reassurance that the brand has a proven business model and commitment to supporting their franchise network.
Why Franchising?
In Business For Yourself – Not By Yourself!
You will be supported by a franchising team who want you to succeed and you’ll be part of a network of like-minded individuals who are sharing the experience with you.
It is a Low-Risk Business Option
Every single PFA member franchisor has an established business model that you can replicate in another location. While your success can never be guaranteed, a proven business model will give you the best possible start. Over 40 percent of new standalones will fail. Compare that to franchising, where only 5 percent of new franchisee start-ups don’t make it. Your franchisor has already met the challenges and overcome them, so you won’t have to.
It is a Low-Risk Business Option
Every single PFA member franchisor has an established business model that you can replicate in another location. While your success can never be guaranteed, a proven business model will give you the best possible start. Over 40 percent of new standalones will fail. Compare that to franchising, where only 5 percent of new franchisee start-ups don’t make it. Your franchisor has already met the challenges and overcome them, so you won’t have to.
Love what you do, do what you love
Franchising is excitingly diverse. At The PFA we’ve welcomed new business owners of all ages and from all backgrounds, as well as more women than ever before. Whether you want a flexible, part-time opportunity or the beginning of your business empire, franchising can open the door. Restaurants and cafes, pet care, education, sport & fitness, health & beauty, business coaching – franchising provides business opportunities across an amazing number of sectors. So why not turn the thing you love doing most into your career?
Invest in your future
Never forget that buying into a franchise is just the beginning. Many franchisees hand over to family members or sell their businesses for a profit when they’re ready to retire or explore pastures new.
Invest in your future
Never forget that buying into a franchise is just the beginning. Many franchisees hand over to family members or sell their businesses for a profit when they’re ready to retire or explore pastures new.
Franchise Your Journey
Already have an established business? Congratulations! You should be proud. Building a successful business is a true display of creativity and commitment. So now, what about the future? Developing your business through franchising could provide a very attractive alternative to organic growth, but it’s not an overnight process. That’s why we’re here to help you every step of the way.
The Franchisor Journey
You need to teach your business to others so that they can replicate your way of doing things with your branding, training, tools and equipment. This is essential so that potential franchisees can operate their business profitably elsewhere.
Expansion through franchising can be cheaper than organic business growth, but you’ll need to invest at the beginning. Writing a franchise agreement, producing a detailed operations manual, adapting the structure of your business, marketing, franchisee recruitment and professional guidance – all these are part of the process.
Not all new franchisees have business experience. They may rely on the support of their franchisor not just to set up their business, but also for continual help on their road to success. This long-term commitment to those who buy into your brand is fundamental to the sustainable, ethical growth of franchising.
Franchising your business can feel overwhelming initially. Our network of accredited advisors (including banks, accountants, solicitors, media partners and franchise consultants) are there for you – giving you the confidence to develop your ethical, sustainable and successful franchise.
This could be a real investment in your future, as like any other business, it can be sold to generate a profit for your retirement or future investments. With that in mind, developing strong business foundations is essential and something our industry advisors are able to support you with from the beginning.
Join the PFA, show the franchising community that you are committed to ethical franchising and sustainable business practises. Continually learn from us and your peers.
Be Part of a Global Economy
Independents aren’t just shaping the future of work, they are the backbone of the economy.
