It’s unlikely to become the next McDonald’s but if you have a successful and growing small business, you may wonder if it is worth franchising.
The franchising sector turned over more than $200 billion last year, but you need more than just a good idea to be a successful franchisor.
It’s a crowded market. The Franchise Council of Australia‘s directory lists more than 5600 franchises for sale around the nation. The most common industries are retail, business services and home services.
“Franchising can be a very successful way to grow a business but it is not for everybody,” says Deloitte Private partner Gerard Belleville. Read more.