The popularity of franchised businesses in New Zealand is on the rise, with nearly 550 franchise brands currently operating across the country.
These franchises collectively generate about $47 billion in annual revenue and contribute roughly 11% to New Zealand’s GDP, the Franchise Association (FANZ) said.
The sector supports around 114,000 jobs and encompasses nearly 30,000 franchise units nationwide.
FANZ chief executive Katrina King described franchising as “a cornerstone of New Zealand’s economy.”
It provides a reliable route to business ownership while promoting economic development throughout various communities.
“As business owners, franchisees are local people running local small businesses, and many make significant contributions to their communities,” King added.
Today, over 70% of franchise brands in New Zealand are locally developed, making the country one of the most franchised per capita globally.
The franchises span a wide range of industries, including accommodation, hospitality, education, childcare, retail, health and fitness, real estate, automotive, and various trade services such as building, electrical, plumbing, and professional services.
Looking ahead, the franchising sector is optimistic about growth prospects. Improved economic conditions and easing interest rates are expected to lay a strong foundation for expansion in 2025 and beyond.