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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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