PwC sees franchises sporting double digit growth, Big4.com reports

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Recruitment still number one challenge.

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Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports that PwC’s Franchise Sector Indicator (FSI) released recently shows franchisors have continued to achieve double digit growth in the past 12 months.

Big4.com reports that Looking to the future, franchisors surveyed remain optimistic. They are forecasting revenue growth of 11 per cent in the next 12 months and 34 per over the next three years. Profit is tipped a little higher at 15 per cent for the next 12 months and 45 per cent for the next three years.

Franchisors also plan to add an additional 10 franchise units in the next 12 months and 31 over the next three years. Franchisors surveyed credited their growth to improved franchisee performance and strategic direction. Big4.com also notes that finding suitable franchisees remains the number one challenge for franchisors with just over two thirds (68%) saying it is their biggest short term hurdle. Economic conditions were also cited as a challenge, along with funding.

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  •     Kristy Short

Big4.com
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