The cost of operating a franchise varies depending on the franchise system. For instance, service-based franchises or mobile franchises are much cheaper to operate and can cost anywhere between $5,000 and $50,000. Traditional brick-and-mortar franchises can cost upwards of $50,000 to $250,000.
The cost of starting a franchise depends on the professionalism of the business that is starting the franchise. It is largely determined by what processes you have in place, what documents you already have and extra resources you may need. At a minimum, it can cost about $25,000 and can cost up to $100,000 or more.
Franchising your business is no easy feat. You need to be sure you have a successful business model which you have tried, tested and are sure you can replicate. You can read a more in-depth discussion on how to start a franchise in Australia here.
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