The franchising sector in Australia is in a strong position, with opportunities existing in food retail, non-food retail such as homewares, fitness training and personal services, financial services, childcare, aged care services, and home and garden maintenance.
Higher disposable incomes, an increasing interest in nutrition, health and fitness, parents returning to the workforce and an ageing population are some of the factors that are driving the demand for many of these products and services.
One of the major trends right now is that of overseas expansion. With Australia being a relatively small market, many franchisors look for international opportunities, particularly once their market in Australia is saturated.
Regions close to home to consider include South East Asia and New Zealand. For those willing to move into territories further from home, there is China, India, the UK, US, Canada and the Middle East.
According to the Asia-Pacific Centre for Franchising Excellence, Myanmar is a potential hotspot to watch in SE Asia, and may provide Australian franchises with opportunities for growth.