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There are some things you should know about franchise businesses, such as 7-Eleven. Most of us think these franchise businesses are a licence to print money. It turns out the franchise game is tough to win. Often the only people earning less than the kid behind the counter are the ones who bought the franchise. The life of a franchisee is a life of fees. They pay the franchisor to buy the business, pay a share of takings, and often a lot of other charges. The founders of Bakers Delight and Boost Juice make it onto the rich lists. Meanwhile many franchisees go bankrupt or end up fighting their franchisor in court. Franchise disputes are so common the Australian Competition and Consumer Commission has a whole page set up to make sure franchising runs smoothly. About 10 per cent of the small businesses open at the start of the financial year close by the end of the year. Surviving the first year is no guarantee of a long life. Within four years nearly four in 10 small businesses are gone. Some research shows franchises fail even more than independent small businesses. The complaints and legal claims on these websites are sometime questionable, but the anger is very real. Part of the problem is even that if your franchise is successful, head office knows, and they can often put another franchise around the corner. But of course the problem is often clueless franchisees, like the man who bought a bakery and was then shocked to find out he had to get up at 2am every day. But would a good franchisor let someone so clueless run a business with their brand attached?
The Sydney Morning Herald
While you can walk down a busy street in downtown Brisbane or Sydney and find a McDonald’s, Subway, or other American staple the top-performing franchises are those with native origins as 86 percent of the most successful franchises are Australian. Here are the top 10 most promising franchises from down under. Rocklea will be the first in the country to trial a drive through service while Southbank became the first CBD flagship store with plans to open CBD stores across the country. The Foodco Group owns the popular cafe franchises Muffin Break, Dreamy Donuts, and Jamaica Blue, and the franchisor is best known for its training programs and superior employee organisation with accolades from the Franchise Counsel of Australia. They’re well organised and have good, working systems,» having cited that typically franchisees are prone to disorganisation.
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Investing in a franchise has numerous advantages. But with more than franchise brands to choose from in Australia, how do you find the best deal? Sometimes north of a million. What makes a bargain franchise better than the rest? The niche. Investing in a home maintenance franchise can be a very lucrative business opportunity. And you also have a wide array of businesses to choose from. Be it a handyman business, cleaning one, pest control or even a gardening and landscaping ventures for the green thumbs out there. Local handyman industry is a billion dollar one and it grows at a steady 2. More and more Aussies have less time to take care of things around their homes, and because of this, the niche has blossomed in the past 10 years or so. This makes a handyman franchise a worthwhile investment with potential for future growth and development.
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In Australia, jobs in mining are among the most lucrative. Other high-paying jobs are in the standard monet and professional careers.
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Each of has a strong presence in Australia, but the biggest franchisor in this country is a grocery and liquor wholesaler that has morphed into a franchisor. The IGA supermarket banner, owned by Metcash, is the largest franchise brand in the country in terms of its store network and sales. Subway, which launched in Australia with a store in Perth inhas added more miney stores in Australia in the past two years. The IGA store network has also been growing in the past two years, boosted by the acquisition and conversion of the Franklins supermarket chain. The launch of IGA effectively re-engineered Metcash from a wholesaler to a franchisor, confirming a profound shift from simply providing goods to retailer-controlled banners to supplying retailers tied to a brand owned and controlled by Metcash. Davids was struggling with its customer base, trading under various different brands, and losing market share to the major chains, Woolworths and Coles. Reitzer could have adopted one of the bigger local brands or introduced an entirely new brand as part of his strategy to merge the various banners to create a stronger and more coherent wht brand in what franchises make the most money in australia market. He chose IGA because it provided Metcash with systems, disciplines, and marketing concepts to assist in lifting the presentation, service standards, and trading performance of the independent supermarkets. SinceReitzer has transformed the former grocery and liquor wholesaler, acquiring Perth-based wholesaler, Foodland Associated, and the Franklins retail chain, which have been rebadged to IGA and on-sold to independent retailers. He has also ventured further afield, acquiring the Mitre 10 hardware chain and the Autobarn and Autpro automotive accessories brands. Listed on the Australian Stock Exchange, Metcash has eight retail brands in the Inside Retail Magazine Top 50 Franchises list, ranked monye the number of outlets in their store network. The other Metcash retail brand, Autobarn, sits outside the Top 50, but has stores throughout Australia.
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