Commonwealth Bank of Australia Financial Advice
Anthony Windress
The financial needs of your Franchise business are unique. That’s why the Commonwealth Bank offers you the specialised services of our Franchise Banking team. Our team members are industry experts who can tailor financial solutions to help you – whether you're buying a franchise or running a multi-site corporate.
You should always check independently that an ask an expert answer published on Franchise Business applies to your particular circumstances.
Here are some must-haves:Proven profitability. It’s not enough just to be turning a profit – you need to have been strongly and consistently profitable across several years of trading. That’s because you need a successful ...
A proven brand. While it doesn’t have to be a household name, the brand should be well-defined and clearly differentiated from its competitors, with a reputation for superior products and service. Powerful systems. After ...
Strip out extra costs. Take a critical look at expenses – especially if the business is paying for optional extras, such as your car. If possible, take those costs out of the business at least one financial year before you ...
Failing to plan for market volatility and changing conditions. ›› Be prepared for the potential effects of higher input costs. Consider using risk management tools to reduce your exposure to changing interest rates and exchange ...
Learn the system inside out. Your franchisor has invested time, money and industry expertise into developing robust systems for you to use. So it pays to do all the training you can, then follow those systems religiously ...
