PricewaterhouseCoopers PwC: Franchises Deliver Results For Second Straight Year

Big4:

PricewaterhouseCoopers PwC’s Franchise Sector Indicator (FSI) noted some interesting indications when it was released earlier this year. PwC finds the sector has delivered stellar double digit growth and outperformed other areas of the economy; and even meeting the ambitious growth targets they set in 2009 by growing revenue by 12 per cent and profit by 19 per cent.

The retail sector was the biggest driver. The future looks bright for this segment as well, with projected earnings to grow by 13 per cent in FY11 and with profit up 18 per cent.

However, there are some particular challenges facing this sector. According to 80% of franchisors, finding suitable franchisees with the right cultural and personality fit is the number one challenge. Despite this, 50 per cent of survey respondents have not changed their approach to franchisee recruitment.

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