Why Franchising
FRANCHISING – THE FACTS
The new world of franchising lives by an old saying:
"The sum of the whole is far greater than the individual".
Here is a fact you may find quite surprising - Australia has more franchises per head of population than anywhere else in the world. That's quite amazing when you consider it is only 30-odd years ago since we were first introduced to franchising thanks to some fairly well-known international fast food franchises.
Well, what a turnaround - today it's us leading the charge in franchise business operations both here and internationally.
There are almost 50,000 franchise businesses in Australia and that means that each of us does business with a franchise business on a daily basis. Whether it be 'doing coffee', eating lunch, caring for our kids or managing our time-poor lives - we turn to franchise businesses to provide solutions.
Franchises in Australia are turning over $81 billion per year and that means that for every $100 spent in Australia $10 of that is spent by or in a franchise business. It is one of the fastest growing business models in Australia. The question is why?
Well, if you have a great business and you want to expand, franchising provides a low cost and effective route to business growth, and if you want to start your own business, buying a franchise from a successful operator means that you are buying into a business system that has been tried and tested. A system that comes with substantial business support and is already well branded in the market.
In other words, you are buying into a small business with big business backing.
WHERE TO NEXT?
For information and advice on the best franchise or business for you; franchise and business opportunities; and general advice when buying a business, a franchise or starting your own franchise, be sure to visit our expert pages:
Need Advice?
Click here to find a Franchise Expert.
Latest News?
Click here - for the latest edition of the Inside Franchising Newsletter which is packed with global news and information on franchising, finance and business.
Franchises for Sale and Opportunities?
Franchises for Sale - with hundreds of franchise and business opportunities available for sale today - this is a must-see if you are thinking about buying a franchise.
Q&A ?
Frequently Asked Questions – Read some frequently asked questions about franchising whether you are looking to buy a franchise or if you want to start your own franchise, this page is essential reading.
Suitability?
And, if you have ever wondered whether you are suited to run a franchise business be sure to take our simple Franchise Suitability Test
Plus
Australian Competition and Consumer Commission
For links to the latest ACCC publications which are a must-read if you are considering a franchise business of any kind.
Stay a while and take a look around – there is a lot to see and do!