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A new franchise survey reflects the fact that business confidence in New Zealand is at a 20-year high. Expectations for sales levels and franchisee profitability are strongly positive, and the biggest concern for many franchisors is finding suitable franchisees to take up the new opportunities.
Of course, business confidence (which measures confidence among people already in business) and buyer confidence (the willingness of people to start new business ventures) are two different things. People already in business can see the positive signs more easily; first-time buyers are understandably more cautious. But by the time sales figures show what existing business owners already know, new entrants may have missed out on the opportunity. That’s why, if you’re looking at buying a business, the time to start searching seriously is now.
That doesn’t mean you should jump at the first opportunity that appeals to you. Finding the right match for your own skills and ambitions still requires a lot of careful research, as this article shows. You’ll also need to look at what’s available and what you can afford – interest rates are tipped to rise this year so make sure you consult an accountant. But get it right and by next summer you could be riding the crest of the new wave. Happy surfing!