Which companies are breaking the speed barriers in growth? The latest Fast 100 list from BRW has included seven franchise companies – predominantly in the food arena.
Star performer food franchise Schnitz leads the way in the sector, ranked at number seven with 164.3 percent growth and a revenue of $72,886,908.
Hot on its heels is the Top Juice network, at number eight, with a turnover of $31,657,680 and growth of 148.2 percent.
Bucking the food trend, Supercheap Storage has brought in a more modest revenue ($7,987,387) than some other brands listed in the top 30, but its strong growth of 103.8 percent cemented its position at number 27.
Cuban-influenced casual dining franchise Coco Cubano boosted business by 97.5 percent, to bring in turnover of $19,697,661.
The food chain with a social conscience, Zambrero, was listed at 44. The Mexican fast food franchise brought in an income of $15,663,421, which was a growth of 76.7 percent.
The franchisor umbrella group Pacific Retail Management includes Go Sushi, Wasabi Warriors and Kick! Juice Bars. The focus on healthy eating has brought in a revenue of $5,872,276 for the group; that’s an increase of 61.2 percent that put Pacific Retail at number 67 in the list.
Just behind is Laser Clinics Australia, ranked at 69, with a growth of 58.8 percent. The beauty sector franchise had a revenue of $77,173,000.
As a comparison, the number one ranked business was Victorian based Online Education Services, which provides a student-centric approach to education. Its growth was a massive 383.5 percent. The top 10 companies included property development and investment, data management, technology services, online petcare retail.
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