Franchise opportunities in Australia

Attractiveness of Australia for the development of franchise business

Australia is a country with a well-developed economy. Household net adjusted disposable income per capita is $ 33,138. Mineral resources such as coal, ore, gold, iron as well as agricultural products meat, wool and wheat are exported by the country. The major business partners are the USA, China, Japan, UK, South Korea, Singapore and New Zealand.

The Franchising Code of Conduct is in charge of Australia franchising. It includes the laws for all franchise businesses. There are more than 79,000 business format franchise companies running in the country. Only 28% of them are international, which ensures perfect opportunities for foreign businesses in Australia. Retail trade industry is ruling the franchise market and occupies ¼ of it. All the franchise yields $144 billion for the economy of the country.

A curious fact, nearly half of all franchise systems are involved in online sales with customers. Many franchise companies are successfully doing their businesses in children services, real estate, recruitment, leisure industry, hotel, catering and pet services.

Tourism especially in such big cities as Sydney, Melbourne, Brisbane and Canberra affect the consumer market in the country, which is also a plus especially for food and retail businesses.

According to the surveys, the average franchise fee is about $25,000 and there is also a fixed fee royalties which may be up to $200 a week or more.