In Australia, the franchising industry is rising rapidly. Over 400,000 people are employed in franchises and 90% of these franchises are operating profitably. Currently, the top 3 franchise industries are retail and trade, accommodation/food services and admin/support services.
The below infographic demonstrates the increase in demand for franchises and the types of industries these franchises are found in. It also delves into the most common causes of financial disputes and how they are resolved. Fortunately only 24% of all franchise disputes reach litigation stage, due to the aid of legal professionals. For more information on franchise disputes or agreements, feel free to contact Turner Freeman Lawyers Queensland.
