The franchising industry has broken out of the current downbeat economic climate, recording growth of 10% for both profits and revenue in the past year, according to a new PwC indicator.
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The fourth annual survey into the franchising sector, which questioned 101 franchises with more than 20 locations, found the market remains particularly strong; non-retail franchisors recorded an average growth rate of 14%.
Franchisors expect profits to increase 10% in the next 12 months, and 30% in the next three years.
However, there are still challenges, with some franchisors finding it difficult to locate franchisees and economic concerns also dogging some companies.
With this in mind we’ve put together this eBook of 10 tips from some of the top Australian franchisors, including advice on how to fine-tune your franchisee selection, keeping your franchisees happy and how to set up a strong franchisee recruitment strategy.
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