Running a business always comes with its fair share of risks and hurdles. That uncertainty is the primary reason people can be hesitant when trying to break out from their mundane 9-5 job routine.
Running a business always comes with its fair share of risks and hurdles. That uncertainty is the primary reason people can be hesitant when trying to break out from their mundane 9-5 job routine. When faced with such a dilemma, you need to seek business opportunities that pose comparatively lower levels of risk when initiating and operating the business. The one solution that hardly fails a budding entrepreneur is leveraging the many established and new franchise opportunities in Australia.
The country is among the top nations that have a thriving franchise industry of $154.4 billion. Even new brands are accelerating their outreach by offering franchises for sale in Sydney and across Australia. It doesn’t have to be a big brand, as you can start small by investing in a local franchise business with prospects of making it big. Even new franchises are worth investing in, provided they have a substantial annual revenue turnover. Here are our top picks for the best franchises in Australia that are shiny and new.
With an initial investment as low as $15,000, Kubarz is our top pick as a boutique franchise. It follows a mobile franchise model, which saves you the establishment cost as well. It is a mobile bar, beverage and catering service business that has been expanding rapidly with a decent annual turnover that can promise you a significant ROI. The franchise offers a comprehensive training and support program with regular strategy planning meets, business development and promotional initiatives, etc. Their social media presence and App support come as an added benefit to new franchisees.
Mass Nutrition is one of the fastest-growing brands to invest in the franchise industry. They have earned their reputation of being the most trusted supplier of sports supplements and nutritional products, which they sell both online and through retail establishments. Their initial investment ranges between $97,000 and $172,000, including license fee, working capital, and floor-stock with back-up. They have the provision of instalment payments for the licensing fee, along with an inclusive training and support program.
Originally hailing from the UK, Lingotot is the newest global franchise to enter the Australian market with lucrative opportunities for the business minded. With parents now focusing on polishing the multilingual skills of their children, this can be a great opportunity to broaden your horizon by becoming a linguistics professional under a notable brand. The company creates interactive programs for children to explore new cultures and languages. They have an initial capital of $200,000 excluding working capital. Their training and support cover lead generation, marketing initiatives, CRM (Customer Relationship Management), the Lingotot-specific curriculum, and more.
The honourable mentions under 'best franchises to buy in Australia', which are new yet come with a promising and futuristic business projection, are:
- The Good Feet Store
- Maggie Moo Music
- Total Tools
Was that helpful to you? Let us know your thoughts on budding franchise opportunities in Australia. For more such updates news and industry-insider insight, visit us at https://www.businessfranchiseaustralia.com.au/.