Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New Zealand Franchise Awards, 2003


New Zealand Franchise Awards, 2003

The Franchise Association of New Zealand Chairman, Simon Lord, says the Association has received a record number of entries for this year’s New Zealand Franchise Awards, with entrants from all over the country.

“We have entrants from Auckland, New Plymouth, Hastings, Rotorua, Tauranga, Porirua, Hamilton, Taupo, Palmerston North, Wellington, Christchurch, Dunedin and Invercargill.”

“We are pleased to see some new franchise systems and new geographical regions represented in the Awards entries this year. It shows the growing depth of franchising as a successful business model in New Zealand, ” he says.

Simon Lord says the Franchise Awards are the premier franchising event of the year, celebrating excellence in franchising. The winners will be announced at an awards ceremony on Saturday 1 November at the Hyatt Auckland Hotel.

“The Awards recognise and celebrate the high performers in franchising, which is now a $10.4 billion turnover industry. There are over 14,000 franchised outlets in New Zealand, employing around 70,000 people,” he says.

Three new award categories have been added this year: best Franchise Exporter, best Brand Communication and best First Time Entrant.

Simon Lord says franchising as a business model is going from strength to strength.

“New business start-ups under a franchise system have a 94% success rate in the first three years. When you compare this to traditional new business start-ups, which surveys show have a survival rate of only 33% for the first five years, it is not hard to see why franchising as a business model is experiencing such huge growth,” he said.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>