Westpac Banking Corporation

Franchised businesses need a banking partner that can deliver a consistent level of services, regardless of geography. Westpac has franchising experts across Australia. If you're at the point of purchase, looking to expand your franchise or even franchise an existing business, make an appointment with one of our experts. Buying into a franchise may be a fast way to get into a small to medium business with good brand awareness and credibility, but because of potentially large capital outlays, ongoing royalty fees and advertising levies, you'll need to do due diligence using several sources. Details of any franchise must be contained in the Franchise Agreement and Disclosure Document, which should be reviewed by your legal adviser and accountant or both. The agreement outlines the scope of the relationship, terms, territorial exclusivity arrangements, performance criteria and training obligations. In addition, there's a mandatory Code of Conduct, which was introduced by the federal ...