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Franchising FAQs

Do you have franchising questions?

Great, because we have franchising answers!

It’s normal to have a list of questions when you first embark on an exciting journey such as opening your own business.

Add in the extra element of running it from a day-to-day perspective and the list can run long!

But never fear, MoneyQuest is here.

Scroll down to read our frequently asked questions.

Have a question that isn’t addressed below?

Frequently Asked Questions

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What is franchising?

Franchising is a contractual business relationship between a franchisor (a person or group of people that establish a brand’s trade name and business systems) and a franchisee (a person or group of people that pay a royalty for the right to conduct business under the franchisor’s brand name, and to use the franchisor’s business systems). A franchisor generally provides systems, tools, resources, training and support to their franchisees, to ensure that their brand’s reputation is upheld, and to assist them with providing high-quality customer service. However, a franchisee is responsible for the day-to-day running of their business.

Is now a good time to explore opening a franchise?

Franchising is a booming sector, so now may be a great time to build your mortgage broking franchise.

How much does it cost to open a franchise?

Entry costs for any franchise is based on many variable factors. For more information on the costs associated with opening a MoneyQuest franchise in your state, please get in touch on 1300 886 137.

How much money will I make as a franchise owner?

One benefit of opening a mortgage broking franchise is you can control the amount of work you want to take on. This will be reflected in the amount of income you generate.

What fees are associated with franchising?

Different franchises have different sets of fees. For more information on the costs associated with a MoneyQuest franchise in your state, please call 1300 886 137.

Can I be a franchise owner but have others run the business?

Yes, being a franchise owner can offer many flexible working arrangements. Not all franchise owners are involved in the day-to-day running of the business.

Can I own multiple franchises?

Yes, subject to the conditions in your contract, you may be able to own multiple franchises of the same brand. If you are interested in a multi-site agreement with MoneyQuest, please call 1300 886 137.