Unit of competency Outline

Date retreived
23/07/2026 5:55 AM AWST

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Manage closure of a franchise

Manage closure of a franchise

Unit of competency
National Code
BSBFRA505
State Code
AUM07
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080301 - Business Management
Original Release Date
15/09/2015
Nominal Hours
70
Description
This unit describes the skills and knowledge required to manage the closure of a franchise or to transfer it to a new franchisee, or to take action to prevent a closure being executed.It applies to individuals with a well-established, sound theoretical knowledge base in franchising who are proficient in using a range of specialised technical and managerial techniques to undertake the closure of a franchise or transfer to a new franchisee.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Investigate and implement alternatives to closure
  • 1.1 Discuss, document and analyse reasons for closure with relevant stakeholders
  • 1.2 Use lessons learned from previous franchise closures and potential franchise closures to arrive at alternative strategies
  • 1.3 Research and negotiate alternative strategies to closure with franchisee and relevant third parties
  • 1.4 Assess feasibility of transferring franchise to new franchisee
  • 1.5 Implement, where feasible, alternative arrangements to closure including transfer
2 Determine roles and responsibilities in closure or transfer of franchisee
  • 2.1 Determine roles and responsibilities of all parties in closure or transfer in line with the Franchising Code of Conduct
  • 2.2 Negotiate process for effecting closure or transfer with relevant stakeholders and document in the form of a plan
  • 2.3 Allocate responsibilities for effecting closure or transfer
  • 2.4 Negotiate closing date or transfer date for franchise with relevant stakeholders
3 Implement plan for closure or transfer
  • 3.1 Communicate closing date or transfer date for franchise to relevant stakeholders
  • 3.2 Carry out disposal of assets according to plan or transfer them to new franchisee
  • 3.3 Facilitate financial settlements with financial institutions or franchisor’s financial officers or debt collectors
  • 3.4 Implement arrangements for closure or transfer in consultation with customers
  • 3.5 Dispose of intellectual property including client database according to agreement between franchisor and franchisee
  • 3.6 Undertake checks to ensure the process for closure or transfer has been completed according to plan
4 Review implications for franchise operations
  • 4.1 Analyse implications for franchise operations from review of closure or transfer
  • 4.2 Identify and recommend improvements to franchise operations and management of franchises
No information
No information
Replaces
State Code National Code Title Type
D0727 BSBFRA505B Manage closure of a franchise Unit of competency
Replaced By
State Code National Code Title Type
OCE80 BSBESB406 Establish operational strategies and procedures for new business ventures Unit of competency
State Code National Code Title Type
AVT2 BSB50515 Diploma of Franchising Qualification
AC908 BSBSS00038 Franchising Skill Set Skill set