What are the best franchise opportunities in Australia - Franchise opportunities

What are the best franchise opportunities in Australia?

Australia is one of the global leaders in franchising. According to Money Magazine, we have three times more franchise outlets per capita than our counterparts in the US. Our franchise industry represents about 4% of our national economy, which might sound like a small figure, but when you consider the fact that our franchise industry employs more than 500,000 people Australia-wide and rakes in a whopping $181.8 billion in revenue each year, it’s easy to see that it’s actually quite a significant figure. 

 

The reason why owning a franchise business is such an attractive proposition to so many Australians is because it provides people the opportunity to start a business with relatively low risk. Franchising models provide entrepreneurs with business models that have been proven to work, which eliminates the need to waste valuable money, time, and other resources on trial and error. 

 

The fact that franchising is so popular in Australia is both a blessing and a curse. There are more than 1,000 franchise brands out there in the Australian market, which means that it can be a struggle to decide on the opportunity you should pursue. Unfortunately, there isn’t a ‘one-size-fits-all’ approach to this. At the end of the day, we all bring different skills and interests to the table, so something that might suit your neighbour might not be the opportunity that suits you. However, there are some franchises out there that are known to be lower risk and safer than others. Here are some of our takes on the best franchise opportunities in Australia in 2022:

Franchise opportunities in Australia

When you begin searching for franchise opportunities in Australia, it’s likely that you’ll find results for franchise businesses in two separate categories: retail franchises and non-retail franchises. Retail franchising refers to the process of opening a store or shopfront under an established franchising name, brand, or product line. McDonalds, 7-Eleven, Snap Fitness and some restaurant and cafe chains are some examples of businesses that would fall under this category. 

 

Non-retail franchises, on the other hand, are franchise businesses that don’t operate out of a store or shop front (like its name suggests). These types of franchises are typically service based, which is why they’re often referred to as ‘job’ or ‘operator’ franchises. Franchise business owners in this category are still free to use an established franchise brand and its operational processes and procedures, but they also have the added flexibility of being able to determine how they’d like to facilitate sales and how they’d like to conduct their day-to-day business. All of our franchises at Jim’s Group are considered non-retail job franchises as we don’t require any of our franchisees to purchase or rent any commercial real estate. 

 

best franchise opportunities

 

How to choose a franchise opportunity as a first-time franchise owner

Generally speaking, the advice given to first-time franchise owners is to look at purchasing a non-retail franchise over a retail franchise. There are a few reasons for this. The first reason is that retail franchises are often highly complicated operations that require a business owner to hire staff, purchase very expensive equipment and machinery, search for commercial real estate, and work extremely long hours that leave little room for balance. All of these things call for a person who is highly experienced in retail franchising and someone who is in the financial position to take on board the high levels of risk involved in starting up a retail franchise.

 

Non-retail franchises are usually deemed the better option for first-time business owners because they have a lower entry point and are more financially viable. Since home and service based franchises can operate out of a mobile vehicle or out of a home, franchise owners in this category don’t have to funnel hundreds of thousands (if not millions) of dollars into acquiring expensive property and equipment. Whilst retail franchises typically cost millions of dollars to purchase and set up, non-retail, service based franchises can start from as little as $20,000. The lower price points of non-retail businesses make them much more accessible to a wider group of people. 

How does the Jim’s Group franchising model work?

At Jim’s Group, we differ from traditional franchise businesses in two significant ways. Firstly, our franchises are mobile based, not retail-based, which means that the upfront fees needed to acquire Jim’s franchise are much lower than the upfront fees needed to acquire a retail franchise. 

 

jim's group franchise opportunities

 

Another way in which we deviate from standard franchising practises is that we never take a percentage of our franchisee’s total sales or profit. Most other franchising companies require that their franchisees pay them an ongoing royalty fee, which is usually calculated as a percentage of sales or profit. At Jim’s, we want our franchisees to keep more of their hard earned money to themselves, which is why our ongoing franchising fees are, and will always be, fixed. 

 

As a result of our low startup costs and low overheads, Jim’s Group franchises are some of the most profitable and accessible franchise opportunities out there on the market. Most of our franchisees are profitable within their very first year–something that’s quite unusual in the small business world. We always tell our franchisees that the sky’s the limit when it comes to how successful their businesses can be. Anything is possible at Jim’s–the trick is being committed enough to see your vision through.

 

We also recognise that starting a business can still be tough financially–no matter how favourable the conditions are. This is why we offer all of our franchisees, regardless of their division, a minimum weekly guarantee of $1,500 as a safety net that they can fall back on if needed. However, we regularly receive far more leads than we can handle, which is why most of our franchisees never need to fall back on this guarantee as most of them end up making much more than this amount from the very beginning of their business journey.

 

With over 4,350 franchisees and counting Australia-wide, Jim’s Group is Australia’s largest franchising family and a global leader in the mobile service industry. We’re signing on more and more franchise owners every year and expanding rapidly. So, if you’ve ever wondered about opening Jim’s franchise business of your own, get in touch with us today on 131 546 or by submitting an enquiry online.