The interest in franchising continues to grow, according to the latest figures from the Retail Food Group.
Despite continued redundancies and job uncertainty, RFG has reported a 120 per cent spike in people inquiring about owning their franchise store in 2013.
Between 1 January and 30 January 2013, RFG received more than double the number of inquiries received at the same time last year from people interested in buying into one of its franchise systems, including Donut King, Brumby’s Bakeries, Michel’s Patisserie and Crust Gourmet Pizzas.
The strongest levels of inquiry came from people in New South Wales, with potential franchisees particularly interested in the Donut King and Michel’s Patisserie brands.
RFG national sales and leasing coordination manager Faith Manning said while inquiries from potential franchisees often spiked towards the end of each year, there was a significant surge towards the end of 2012.
“Cutbacks in the private and public sector have caused redundancies and considerable career uncertainty heading into 2013. As a result we’ve seen a spike in people looking to take control of their destiny this year by owning and operating their own small business,” she said.
“Interestingly, these potential franchisees are doing their research. They’re looking for proven franchise systems with a track record and the ongoing support and training they need to make a smooth transition into franchising.
“RFG has established itself as a leading manager of quality franchise systems, which is also helping us to attract new inquiries. With us, potential franchisees are provided with expert support and hands-on training through our $1million training academy – offering a developed and proven business model for budding franchisees looking to own their own business.”