Sector developments have also created a number of potential opportunities for prospective and existing players.
Locally, franchising experienced a shake-up in line with the rest of the economy and grew just 3.8% over the past two years.
While this was less than the 11% between 2006 and 2008, the sector did not contract during the recession.
UPS AND DOWNS
The new Franchise Factor 2010 survey shows there are 551 systems operating in the market. In 2008, the last time the survey was conducted, there were 531.During the period under review, 104 systems halted franchising operations, representing 985 outlets – a whopping 19% of the total 2008 figure. Continue reading this post.
