Australian Franchised Businesses positive about 2022

 

Business is looking up in 2022 according to many of the more than 1000 individual businesses representing 83 franchise systems in the first national survey of Australian franchisees.

 

 

Business is looking up in 2022 according to many of the more than 1000 individual businesses representing 83 franchise systems in the first national survey of Australian franchisees

The Australian Franchisee Survey conducted by FRANdata for the Franchise Council of Australia confirms that a growing number of franchised businesses saw an income turnaround in the closing months of 2021 and further improvement is expected over the next six months. 

Almost half (49%) of respondents expected better trading performance in 2022. The most optimistic industries included convenience stores, retail food outlets, retail stores, pet services and home services. Thirty six percent (36%) anticipated conditions to remain “about the same”. 

 

More than 70% of respondents indicated they hoped to increase employment numbers over the coming twelve months. Thirty percent of these businesses hoped to employ an additional 2-4 people, 21% an additional 5- 25 people and 3% more than 25 people. 

Eighty (80%) per cent of respondents found their franchisors supportive over the past twelve months. 

“The fact that a majority of survey respondents indicated they felt being part of a franchise system provided an advantage over operating an independent business shows that the franchising model provides a strong framework for small businesses,” said FCA CEO Mary Aldred. 

The full survey is available at: Australian Franchisee Survey. If you have any questions, please contact survey leader Darryn McAuliffe at FRANdata on 0412 789 027 or dmc@frandata.com.au 

If you want further comment from FCA CEO Mary Aldred regarding the survey, please contact Sean Dignum on 0418 586 587 or sean.dignum@franchise.org.au