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franchise terms
Terms of Agreement and Financial Commitment
Financial Information
The Angus & Robertson Franchise term is issued in accordance with the term of the lease. The cost of this term is $50,000 + GST. Monthly fees comprise of a management fee at 4.5% of gross sales and a marketing levy of 1.75% of gross sales. Payment for stock and all other expenses is managed by the Franchise Partner.
The financial investment and working capital required to buy an Angus & Robertson franchise, will depend on the particular site. Costs will vary according to size and location of the store. Angus & Robertson will review the financial information provided by a prospective Franchise Partner and will expect that at least 30% of the purchase price of the business to be funded by personal equity.
Store Set Up Costs
The costs involved in a complete store fit out will depend on many structural details, the size and type of store. As a rough guideline, the cost can be calculated at approximately $1,500 per square metre. A typical store would be between 120 - 150 square metres.
Stock is your second major cash investment and this can also be calculated on a rough guideline of $1,500 per square metre, although it will depend on the time of year.
Franchise Application Process
- Contact Franchise Department with expression of interest which is to include name or names, sites or locations interested in, summary of work/business experience and email to :
vgiles@angusrobertson.com.au or call Vanessa on 03 8623 1152 - Information Pack sent / Application Form returned
- Telephone screen interview
- Discovery Interview / Disclosure Document
- Due Diligence / Contact existing Franchise Partners / Visit existing Franchise stores
- Behavioural Interview
- Application Approval or Decline
- Franchise Agreement issued
- Its suggested to seek independent Legal advice at this time
- Sign & return Franchise Agreement
- Training & Induction program commences
- Shopfitting contracts completed if applicable
- Store Opening
The Process above is a guide only. The application process is dependent on individual circumstances.
Legal Information
Angus & Robertson is committed to meeting the requirements of the Franchising Code of Conduct and thoroughly endorses many of the changes this legislation has introduced. We strongly recommend that you visit the web site of the Australian Competition and Consumer Commission http://www.accc.gov.au/ to view the Code of Conduct.
Angus & Robertson is also a proud member of the Franchise Council of Australia. The FCA is also another great resource of franchising information and details can be found at www.fca.com.au
As required by the Franchising Code of Conduct, Angus & Robertson has produced a Disclosure document, which is issued to each new franchise during the assignment process.
Angus & Robertson strongly encourages any interested parties considering entering the world of franchising, to seek professional legal and financial advice. As part of the decision process, we also suggest you talk with some of our existing Franchise Partners.
