Why NSW Is Booming For New Business
Opening a new café business can be daunting. However for those looking to start one in NSW, the economic outlook is bright. According to the Commonwealth Securities quarterly report ‘State of the States’, NSW has held onto its position as the best performing economy in Australia, supported by strong activity in the construction sector.
NSW holds the top national rankings on business investment and retail trade, with business spending in the June quarter of this year at 17.6% above decade-average levels.
That’s great news for potential business owners. Yet according to the Australian Bureau of Statistics, more than 60 percent of small businesses cease operating within the first three years of starting. It’s a high figure and underscores the importance of business planning, cash flow management and support when starting a business.
One way to improve your chances of success is to become part of an established franchise, who will pass on their know-how and mentor you through the first few years. As part of the Foodco Group, Muffin Break® franchisees have access to award-winning training programs and support. Their nationally recognised training courses are compulsory for all new franchise partners and the foundation of a mutually beneficial partnership. There is also additional ongoing training available in a range of flexible formats. With over 200 cafés in Australia and 300+ worldwide, Muffin Break can give you the skills to make your business a success.
Kym De Britt, General Manager of the Franchise Council of Australia, says of Foodco:
“They have an excellent set-up for [franchisees]. They’re well organised and have good, working systems’. As he says ‘anything can be franchised but what makes them work is having a proven system, delivering support to the franchisees and ensuring that the company is adequately resourced to support them.”
Register now to attend our next NSW Muffin Break Information Evening. Come and sample the food and award-winning coffee and enjoy a tour behind the scenes from the people behind one of Australia’s most successful franchises.