FASA membership is granted in the following categories:
Full membership is awarded to companies who have a proven trading and franchise record. A thorough assessment of each applicant company is made before membership is granted. This would typically include a look at the viability of the concept as well as the presence of appropriate documentation, with the minimum requirements being:-
- has a disclosure document that complies with FASA’s stringent specifications
- has a fair and reasonable franchise agreement that clearly reflects the spirit of FASA’s Code of Ethics
and Business Practices
- has a comprehensive operations and procedures manual.
Preliminary Membership: Developing or New Franchise Companies
Preliminary Membership is offered to companies who are new to or in the process of developing a franchised business. Their preliminary status is valid for 24 months after which they can apply to be accepted for full membership subject to producing viable performance financials. A thorough assessment of each applicant company is made before membership is granted. Reduced membership fees are payable per annum on submission of the membership application documents plus a once-off legal fee. The legal fee is waived if the applicants franchise agreement was written by a franchise attorney member of FASA.
Professional Service Provider Membership
This category is open to professional practices that wish to provide professional services of high ethical standards to the participants in the franchise sector. These include law firms, banks, insurance companies, franchise consultants, brand and marketing companies, IT companies, suppliers and many others.
FASA has recently extended its membership to include all franchisees representing their franchise brands – whether their franchisors are members of FASA or not. Extending the benefits of belonging to the FASA franchise family to all those involved in this dynamic business format results in a strengthening of the ties that bind those in the industry and allow all to benefit from the continual growth of this phenomenal business format.
Product Supplier Membership
Product supplier companies do not offer franchises but are suppliers of product to the franchising industry and place great emphasis on meeting the special needs of franchised chains.
This category applies to individuals who wish to join the association in their personal capacity.