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ARTICLE · 16 AUGUST 2022

Survival guide for franchisees

Bennett & Philp Lawyers
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10 key points to consider before contemplating committing to a franchise.

AustraliaCorporate/Commercial Law
Spencer Slasberg
Spencer Slasberg
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People who think buying into a franchised business is a fast track to easy riches are deluding themselves, according to a Brisbane lawyer with expert knowledge of the risks. Media horror stories of franchisees whose lives have melted down through a collapse of their franchised business prompted Brisbane franchise lawyer Spencer Slasberg to produce a survival guide for franchisees.

Spencer, a member of the Disputes & Litigation team with Bennett & Philp Lawyers, has compiled a Top 10 advice list aimed squarely at people thinking of getting into a franchise and he pulls no punches with his advice.

"It's the nature of the franchise world. It can be tough especially for people with no business expertise who go into a franchise expecting to be spoon fed. If they crash and burn, that's when fingers are pointed everywhere, except usually inwards.

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