Do you own a local juice bar and are looking for ways to expand it across Australia? Rather than opening multiple units, think of franchising your business. Franchising allows others to run their juice bars under your brand and offer your services across the country. Hence, franchising helps you reach every corner of the country and expand your brand nationwide. However, there are lots of responsibilities that come with franchising your business. Hence, you must consider some facts before asking how do “I” franchise “my” business in Australia.
So, what are those facts that you must consider before franchising the local juice bar nationwide? Let’s dive into the following blog post and discuss more about franchising juice bars in Australia.
The top 7 things you must consider before franchising your local juice bar
Franchising seems easier than opening multiple business units, right?
Well, NO. The opposite.
You can’t just think of franchising your local juice bar because you want it.
Franchising comes with lots of things to consider.
Without that, you may risk of failing your franchises and ruining your brand reputation.
Data reveals that the failure rates for franchises are as high as 50% and as low as 20%.
Hence, you must consider the following 7 points when planning to franchise your local juice bar:
1. One of the most essential things you must consider first is capital before franchising your local juice bar across Australia. Even though the franchisees would be the ones to make all sorts of investments, you still will need enough funds to train your franchisees and draft legal documents for franchising your juice bar.
2. Next, you must ensure that your juice bar business model is scalable and replicable. It can help your franchisees to run the juice bar franchises without you being physically present. But if your business is not enough scalable, then it isn’t still ready to be franchised across the country.
3. Third, you must check and ensure the popularity of the business before franchising it. Data reveals that the Australian juice market is expected to grow at a CAGR of 10.17% between 2024 and 2029. The data alone is enough to attract potential franchisees to invest in fruit juice franchises. However, you must ensure that your local juice bar is popular within and outside of the local market.
4. Fourth, you must draft the legal documents before franchising your juice bar nationwide. Documents like the FDD (Franchise Disclosure Document) and FA (Franchise Agreements) are essential to sell your franchises to anyone as per the latest franchising rules. Alongside that, ensure that they contain every small detail about your juice bar and are drafted by a professional franchise lawyer.
5. Fifth, revenue is another essential factor you must consider before franchising your brand across Australia. As per the latest data, the juice market of Australia reached USD 127.40 million in 2024 and is expected to reach up to USD 206.80 million by 2029. This report is enough to attract potential franchisees in the juice market and invest in juice bar franchises. However, you must ensure that the revenue of your juice bar brand is lucrative enough for them to be interested in your brand.
6. Next, you must hire the right franchisees for franchising your juice bar. Most people tend to hire their friends and/or family members as franchisees. Well, nothing is wrong with that. However, you should ensure that the one you’re hiring is more interested in growing with your brand rather than planning to get rich faster.
7. Lastly, be sure to consult the franchising matter with a professional franchising consultant. With years of skills, they can help you expand your local brand across Australia and guide you through the process.
Bottom line
Can you not understand what would be the best way to expand your local juice bar nationwide? Well, there are lots of ways to do so. But neither can be more beneficial than franchising your juice bar. However, you should consider a few things before asking how do “I” franchise “my” business in Australia.
Author Bio: The Author is a professional franchise consultant. For years, he’s helped many people to expand their businesses nationwide. Alongside that, he’s also written many articles and blogs on various related topics like how do I franchise my business in Australia, etc.
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