Retail food franchisors are best placed to win the perennial battle for top-class franchisees, with a new survey of prospective franchisees revealing a staggering 53% plan to go into food retailing franchises.
The annual survey, conducted by mortgage broking franchise Mortgage Choice, also highlights a renewed sense of confidence among franchisees, with franchisors sure to welcome an increase in the amount franchisees are willing to invest on buying and setting up a franchise.
While 41% of the survey’s 500 respondents said they would spend less than $100,000 when they started out, this was down on last year, when 48% said they would spend under six figures.
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