Full Answer
How many members does the Franchise Association of New Zealand have?
The Association has around 220 members including both New Zealand-based and overseas systems.
How much does a franchise contribute to the New Zealand economy?
It is estimated franchised businesses contribute $27.6 billion to the New Zealand economy, plus an additional $11.1 billion in motor vehicle sales and $7.4 billion in fuel sales (not included with the business format franchise figures).
How long do franchisees stay in a franchise system?
Franchisees remain in a system for an average of 8 years, up from an average 7 years recorded in the previous survey. The global trend towards multi-unit franchising is confirmed as being present in New Zealand also, with 70% of franchisors reporting that they already have multi-unit franchisees within their systems.
What are the two major industries in New Zealand?
The landscape varies from sub-tropical in the north to alpine, and the total coastline is equivalent to that of the entire United States. Agriculture and tourism are New Zealand's two biggest industries, and the country has also established a reputation for fine wines and sporting excellence.
When did franchising start in New Zealand?
Franchising only really became established in New Zealand during the 1990's. Although there were several of the major overseas franchises, and some locally-developed ones, operating here before that time franchising was not really seen as an acceptable way to go into business by many.
Is Ivy Joe a franchise?
Many immigrants have found success in franchised business provided they have a high level of English language skills. Ivy Joe from Guangzhou has been three times Supreme winner of the Franchise of the Year Award - a record. New Zealanders are well-educated, widely travelled, and are heavy users of the Internet.
Is New Zealand a European country?
In addition, whereas Australia has a high inter-racial mix, New Zealanders are largely of European descent, with a substantial minority (15%) of Maori (indigenous New Zealanders) and Pacific Islanders. There has been considerable Chinese, Korean and South African immigration over recent years, largely in Auckland.
Basics of a Open2View.com Franchise
If you’re thinking about buying a Open2View.com franchise, there are many things to consider before signing on the dotted line. Becoming a Open2View.com franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success.
Open2View.com Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Open2View.com franchise is right for you.
Open2View.com Franchise Disclosure Document
Carefully read the Open2View.com Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
Does a Open2View.com Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Open2View.com franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.