The Australian:
The franchising sector has many success stories worth crowing about.
This is despite the occasional flare-up in the world of franchising between franchisors and disgruntled franchisees that becomes a public brawl in the media.
The Franchise Australia 2008 Survey conducted by Griffith University found there was a 14.6 per cent growth rate in franchise systems from 2006 to mid-2008. Further, franchised units represent some 3.7 per cent of all small businesses in Australia and the growth rate of franchise units is 15.4 per cent.
And in a trillion-dollar Australian economy, total sales turnover for the franchising sector was estimated to be $130 billion, while about 413,000 people were employed in franchise businesses.
This is the snapshot that the Franchise Council of Australia loves to get out to the public and it is something to beat one’s chest about.
“These statistics illustrate business confidence in the franchising sector and the robust nature of the franchising model, which has a history of performing relatively well compared to the broader small business sector even when economic indicators are pointing down,” FCA executive director Steve Wright said. “The survey findings are a sign of the confidence in the franchising sector at a time when global and domestic economic indicators are in decline.”
Wright also was happy that disputes had fallen. Read more.