Franchise Fee - $22,500 plus GST.  The franchise fee comprises the following:

Upfront costs

• 1 week’s training in Perth * $2,250
• Business support material ** $1,500
• Software (including an individual website) $3,000
• Sales coaching $1,250
• Franchise support (ongoing) $4,500
• Franchise fee $10,000
• GST $2,250
• TOTAL $24,750

* Includes accommodation, airfare and training for one person
**  For further details see Franchise Support

Other costs associated with setting up the business include:

Equipment

• Laptop computer (512 MB delivers better results)
• ADSL or Cable Modem
• Windows XP Professional (XP Home is not suitable)
• Microsoft Office 2000
• Internet Explorer 6 or later
• Adobe Acrobat Reader 7 or later
• Laser printer
• Fax machine – with page feeder
• Photocopier
• A multipurpose machine is acceptable to replace printer, fax and photocopier, eg. Brother 8840D or HP Laserjet 3330
• Portable printer - eg. Canon BJ C80
• Mobile phone
• Business telephone / fax lines
• Car - less than ten years old, kept clean internally and externally

Miscellaneous

• Internet Service Provider
• Email Account (minimum 5 MB capacity)
• Professional Indemnity Insurance (minimum cover $2 M)
• Public liability insurance (minimum cover $5 M)
• MFAA Membership
• MFAA On-line compliance pack
• COSL Membership
• Certificate IV in Financial Services
• Working capital for approximately 8 – 12 months
• Corporate uniform (optional)
• Marketing and sales campaigns
• Individual website - $88 per month maintenance fee

Annual National Conference

Participation is optional and the attendance cost is approximately $880 or $1,080 (both exclude GST) with partner, plus travel, per annum.

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