Australia’s $130 billion franchising industry managed to haul itself through the GFC without serious damage, but it has emerged the other side a different looking beast and now faces several key challenges.
For any budding business owners pondering a franchise purchase, the opportunities in a handful of growing sectors are increasingly being offset by a lack of cash and skills.
According to Natalie Forte, a senior manager at business advisory firm WHK, the forecast for the industry is mixed.
According to Forte, strong sectors in the franchise industry continue to include those in the food industry, such as fast food and coffee. Read on…