Dripclub
ABN :
95644553211
Industry Division
RETAIL TRADE
Industry Sub-Division
Other Store-Based Retailing
Address of the franchisor’s registered office
6 Greenhill Rd Wayville
Address of the Principal business office
6 Greenhill Rd Wayville
Where the franchise currently operates
SA
Where the franchise is planning to expand
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Last month of franchisor’s financial year
Not Provided
Year in which the last financial year ends
Not Provided
Years In Operation(Years)
2
Supplier Restriction
Yes
Franchisor Can Change Agreement
Yes
What is the standard term of franchise agreements
5 or more years
Are franchisees entitled to compensation for goodwill in the business
The goodwill attaching to the intellectual property does not belong or accrue to the franchisee. The franchise agreement does not provide for any compensation in relation to the goodwill in the intellectual property used or derived by the franchisee under the franchise agreement, nor payment of any goodwill at the end of the term of the franchise agreement. However, if the franchisee (subject to the consent of the franchisor) sells its business during the term of the franchise agreement, there may be a goodwill payment which is apportioned as between the franchisee as vendor and the new franchisee as purchaser. This is a matter for negotiation as between the vendor and purchaser franchisees, as is the apportionment of any plant & equipment and employee entitlements.
Are franchisees subject to a restraint of trade (or similar) clause
Yes
Franchising Agreement URL
Not provided
Option For Renewal
Yes - Subject to new agreement
Public Email
Public Phone Number
1300 374725
Website URL
https://www.thedripclub.com.au/
Youtube Link
Not Provided
Key Facts Sheet Url
Not provided
Dripclub Franchise Cost
Minimum Investment
$631000
Maximum Investment
$1351000
Minimum Ongoing Payments
$651000
Maximum Ongoing Payments
$791000
Minimum Other Payments
$454000
Maximum Other Payments
$1207400
Total Owner Franchisors
2
Total Co-orporate Franchises
Not provided
Disclosure Url :
Not provided
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