The Franchise Shop - 2008 - A Franchise Boom?
"History shows people turn to securing their own future when the economy softens a little." said The Franchise Shop's senior franchise advice consultant Grant Garraway. "That will mean increased interest in buying a franchise. People see some downturn at their employers business, and start to worry about getting the sack. Many turn to the franchising sector to buy a business."
The general public will use the Franchise Expos at Sydney, Perth and Adelaide to examine the range of options available to them, and commence their research into the franchise sector.
"New and emerging franchise brands are particularly attractive as they generally require lower levels of investment and a wider choice of territories or sites are available." said Garraway.
Franchise buyers will also be encouraged by the improved protections available under revisions to the Franchise Code of Conduct introduced by the Federal Government which came into effect from 1st March this year.
While there have been a series small interest rate rises it appears as if we may be at the top or very near the top of the current interest rate cycle, and still interest rates are at relatively low levels compared with rates over the last 20 to 30 years.
Franchise buyers with good equity in their home will still be able to borrow to finance a franchise purchase at affordable rates which will allow a good profit to be made.
The Franchise Shop is a leading franchise consultancy. Our cost effective services include feasibility studies into your franchise potential, selling franchises and territory planning. Selling a Franchise? If you have 1 store or 100 stores to sell, we have the right package to list your franchise. 24.07.2008
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VIC 3138
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