Australian Franchise News – 11-09-12
Impressive recruitment results from Mortgage Choice in FY12 show that despite the subdued credit environment, the financial services franchising industry is showing significant growth opportunities.
The nationwide franchisor reported strong sales results in franchises during FY12, selling 20 greenfield franchises and 13 existing franchise businesses.
Mortgage Choice CEO, Michael Russell said, “We are continuing to see a steady flow of new talent joining our franchise system, which augers well for the sustainability of our business and the industry as a whole.”
“Our franchise businesses continue to lead the industry in terms of productivity, performance and value. With respect to our exiting franchises in FY12, many were sold for multiples of three times net trail.”
“It is tremendously rewarding for the brand that not only are we attracting quality new franchise owners, but we are providing them with a system that upon exit, provides them with industry leading sale prices.”
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