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New franchise business up and running (and bubbling)
Franchising is one of the most successful business models in Australia and has been the foundation and growth strategy for many of Australia’s most well-known brands. Covering a wide variety of sectors, the franchising industry has grown in recent years, providing job opportunities to more than 500,000 people and generating over $181.8bn in revenue. There’s said to be around 1314 franchise networks in operation around the country and with annual growth expected, this number is set to jump up by early next year.
