The Covid-19 pandemic has shifted trends in Australia’s booming food-service industry. However, despite the disruptions, this space continues to grow.
The Covid-19 pandemic has shifted trends in Australia’s booming food-service industry. However, despite the disruptions, this space continues to grow, offering opportunities for business owners to strike gold in the food-service space. Indeed, a report from Mordor Intelligence predicts that Australia’s food-service space will grow at a compounded annual growth rate of 5.16% between 2021 and 2026. The industry will also leverage new trends and consumer behaviours like the rising preference for new and value-driven dining options. If you are looking for a franchise for sale in Australia, this industry is an excellent one to focus on!
Where and Why Should You Buy a Franchise Business to Leverage these Growth Trends?
Melbourne is often touted as the culinary capital of this beautiful country. It boasts of restaurants serving food from multiple cultures of the world. That is why you can look for a franchise business for sale in Melbourne to boost your success potential. If you are unsure about taking this step, the multiple advantages of franchising may convince you to take the plunge. Some of the leading advantages of this approach are:
- Easy access to an established brand and its marketing mix
- Sharing financial risks with the franchisor
- Business assistance in the form of training, guidance, and marketing support
- Tapping into an existing customer base
These benefits can be the best motivators to dive headlong into the food franchise space!
Top 5 Options for Buying Food Franchises in Melbourne
Here is a roundup of the best franchises to buy if you want to make a foray into food-service businesses!
- Bucking Bull Roast & Grill: This successful business has been around since 1999. The company sells home-style roasts in a convenient, value-driven format. It allows multi-unit ownership under its franchising model and offers extensive training support. The cost of buying the franchise is between $150000 and $350000.
- Cafe2U: This 17-year-old mobile coffee franchise business is quite popular among Australians. Its franchise cost is also affordable at $136000 (GST additional). Training, guidance, and extensive social media marketing support from the renowned brand can help new franchises flourish.
- Degani: This cafe business is an excellent franchise option for new entrepreneurs who want to add their creative spin to a venture. This flexible cafe business offers franchises at various rates ranging from $125000 and $650000, depending on the specific characteristics chosen. The royalty fee rate is affordable at just 5%. In addition, the company offers adequate training and marketing assistance.
- Fibonacci Coffee: Australians love their coffee! Fibonacci Coffee offers them this delicious drink with a side of deep-rooted family values and constant innovation. This franchising opportunity comes with a co-op concept so entrepreneurs can succeed collaboratively. It requires a minimum investment of $100000 and has a very affordable royalty rate. Marketing support is readily available from the company.
- Mad Mex Fresh Restaurant: This quick-service restaurant offers franchises for $250000. A 6% royalty fee, coupled with national marketing efforts, make this franchise highly attractive to entrepreneurs.
Hopefully, this list will help you find your dream franchise. For more such exciting opportunities, stay tuned to Australia’s best magazine for franchises!