Australian Franchisors Accused of Encouraging Franchise Reselling for Higher Short-term Profit
WESTERN AUSTRALIA (Blue MauMau) - A recent news broadcast on a Western Australian popular news program, Tonight Today, has reported an alarming increase in the number of failed franchisees. And on how franchisors can make more money having franchisees fail.
And why do franchisees fail? The program indicates that a standard answer from franchisors is such franchisees did not follow the "system". Or franchisees do not know how to manage their finances.
But the report shows that it can benefit some franchisors to wait long enough because time is on their side; with a cheap business for resale just around the corner.