The inaugural quarterly survey of New Zealand franchising confidence finds a net positive outlook toward business conditions, franchisor growth prospects, and many key contributors to franchise system growth. However, there are some worrying signs. In particular, franchisors and service providers share concerns around access to financing, franchisee operating costs and franchisee profitability.
Franchisors are positive about forthcoming general business conditions (net 39%). This compares with both the March BNZ Confidence Survey (net 43%) and National Bank Business Outlook Survey (net 43%).
Franchising services providers are slightly less positive about business conditions for franchisors generally (net 34%).
Franchisors are very positive about forthcoming growth prospects for their organisations (net 63%), compared with service providers perspective for franchisors generally (net 32%). More.