Looking to dive into the franchise world in 2024? You're in for a treat.
After analyzing over 500 franchise systems and crunching the latest numbers, we've put together this comprehensive guide to Australia's most promising franchise opportunities.
Whether you're a first-time investor or looking to expand your portfolio, these insights might just help you make your next big move.
The State of Franchising: By the Numbers
The Australian franchise sector has grown into quite the powerhouse.
While traditional startups often struggle with that daunting 20% first-year failure rate, franchise systems tend to fare significantly better.
Here's what the landscape looks like in 2024:
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The sector pumps $174 billion into our economy
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94,000+ franchise outlets dot the country
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1,267 different franchise systems to choose from
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Nearly 600,000 people employed in franchising
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95% of franchisors run lean with fewer than 20 employees
Top Franchise Opportunities for 2024
1. Grill'd
Since firing up its grills in 2004, Grill'd has transformed from a single Melbourne burger joint into a national success story.
With an investment range of $555,590 to $885,700 and over 150 locations, it's grown into something special.
They've mastered the art of staying relevant - their plant-based options saw a 47% sales jump in 2023, showing they know how to read the room.
What's particularly interesting is their franchise satisfaction rate: 89% of franchisees say they'd do it all again.
2. 7-Eleven
From humble beginnings to over 650 locations, 7-Eleven has become Australia's convenience store king.
The buy-in starts at $500,000, but here's where it gets interesting - they guarantee annual income of $365,300 for fuel stores and $399,000 for non-fuel stores.
Their profit-sharing model is straightforward: 50% of the first $500,000 in revenue, then 47% after that.
The support package includes an 8-week training program and robust back-end systems that make running the show much smoother.
3. Bakers Delight
What started in 1980 has risen to become Australia's largest bakery franchise.
An investment of $500,000 to $600,000 gets you into a network of over 700 stores that collectively bake more than 2 million loaves weekly.
Their 94% brand recognition in target markets shows they're doing something right, and their 16-week training program turns even novice businesspeople into capable operators.
The numbers tell an interesting story - they've maintained steady growth through various economic cycles, suggesting there's always demand for quality bread.
4. Roll'd
What began as a fresh take on Vietnamese cuisine in 2012 has quickly grown into a success story with over 90 locations nationwide.
The investment range of $400,000 to $500,000 reflects the comprehensive nature of their setup.
Roll'd has found its sweet spot in the fast-casual dining sector, particularly in high-traffic areas like shopping centers and business districts.
Their success stems from capturing the growing demand for healthy, fresh Asian cuisine while maintaining quick service times and consistent quality.
5. Anytime Fitness
With more than 530 clubs across Australia, Anytime Fitness has defined the 24/7 fitness space.
The investment range of $381,575 to $783,897 varies significantly based on location and market.
Their success lies in the perfect blend of convenience and quality equipment,
backed by a proven operational model that's weathered various market conditions, including the post-pandemic fitness boom.
6. Harcourts
Founded in 1888, Harcourts has evolved into one of Australia's leading real estate networks with over 900 offices.
Their franchise model is particularly attractive for established real estate professionals looking to leverage a strong brand.
Annual revenue exceeds $8 billion, demonstrating the potential scale of operations.
Their training and technology systems are consistently rated among the industry's best.
7. Simply Helping
This home and aged care franchise, established in 1998, has carved out a significant niche in Australia's growing healthcare sector.
Their success builds on the extensive experience of founder Angela Feery-Richards, whose background includes executive positions at major healthcare institutions.
The franchise model benefits from Australia's aging population and increased demand for in-home care services.
8. Poolwerx
Since 1992, Poolwerx has grown to become the largest pool service company in the Southern Hemisphere.
With investment options ranging from $110,000 to $500,000, they offer various entry points into the market.
Their 150 retail stores and extensive mobile service fleet demonstrate the scalability of their business model.
They've particularly benefited from the recent boom in home improvement and maintenance services.
9. Hudsons Coffee
Established in 1998, Hudsons Coffee has grown to 80 locations, with investment costs ranging from $300,000 to $500,000.
Their presence in high-traffic locations, particularly airports and business districts, provides franchisees with steady customer flow.
The 2009 acquisition by Emirates Group brought additional resources and international expertise to their operations.
10. Jim's Termite & Pest Control
With a more accessible entry point of $45,000, Jim's Termite & Pest Control offers a unique opportunity in the service sector.
Operating since 2000, they've built a strong reputation through innovative pest control solutions and exceptional customer service.
The franchise benefits from the broader Jim's Group infrastructure while maintaining specialized expertise in pest management.
11. Jim's Cleaning Group
Established in 1982, Jim's Cleaning Group offers a $50,000 entry point into the lucrative cleaning industry.
With over 3,200 franchises and an $18 million revenue stream, they've perfected the residential and commercial cleaning model.
The franchise stands out for its flexible work hours and strong support system, making it an attractive option for entrepreneurs seeking work-life balance.
12. Oporto
With over 180 locations across Australia and New Zealand, Oporto has successfully carved out its niche in the fast-food market since 1986.
Their Portuguese-inspired menu offers a point of difference in a competitive sector. Under CEO Helen Moore's leadership, they've focused on modernizing their brand while maintaining their signature flavors.
13. Muffin Break
Operating since 1989 with over 189 locations, Muffin Break requires an investment of $250,000 to $500,000.
Their success lies in combining café culture with fresh-baked goods, creating multiple revenue streams within each location.
Their training program is particularly comprehensive, focusing on both baking skills and business management.
14. JTax
This modern cloud-based accounting and bookkeeping franchise, led by CEO Shannon Halliwell, offers a unique proposition in the financial services sector.
Their innovative approach removes the requirement for office leasing after 12 months, and they provide client leads to franchisees.
This flexibility, combined with their comprehensive digital platform, makes it an attractive option for accounting professionals.
15. Baskin-Robbins
With 86 locations in Australia and an investment starting from $250,000, this global ice cream franchise brings international expertise to the local market.
Owned and operated by TSG Consumer Partners in Australia, they've successfully adapted their model to suit local tastes while maintaining global quality standards.
Their presence in both Sydney and Melbourne showcases their commitment to the Australian market.
What Makes These Franchises Stand Out?
Several key factors contribute to the success of these top performers:
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Strong brand recognition and market presence
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Comprehensive training and support systems
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Proven business models with multiple revenue streams
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Adaptation to changing market conditions
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Strategic location selection
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Ongoing operational support
Looking Ahead: Industry Trends
The franchise sector continues to evolve, with several emerging trends shaping future opportunities:
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Increased focus on digital integration and online ordering
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Growing demand for health-conscious and sustainable options
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Rising importance of delivery and convenience services
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Enhanced emphasis on local community engagement
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Greater investment in staff training and development
Final Thoughts
While these franchises represent some of the strongest opportunities in the Australian market,
success ultimately depends on careful research, thorough due diligence, and alignment with your skills and interests.
Remember to consider factors beyond the initial investment, such as ongoing fees, territory rights, and support systems, before making your decision.
The franchise sector's resilience and continued growth suggest that 2024 could be an excellent time to enter the market -
just be sure to choose a franchise that matches both your financial capabilities and business aspirations.
Ready to explore available businesses? Browse our current listings of successful franchises for sale.