High-performing retail franchise chains are scooping up star-ratings for their business models.
Bedshed is the first in the homewares and furniture category to score 5 stars on the Australian Franchise Rating Scale.
Bedshed ticked the boxes for franchisee satisfaction, said Darryn McAuliffe, CEO of FRANdata Australia which manages the rating scale.
“A high level of franchisees reported that their financial expectations were being met in the franchise,” he said. And the great majority of franchisees said they would be happy to recommend the franchise to a friend or loved one.
All franchise brands have to demonstrate a high level of transparency and a very high level of franchise performance to achieve a top rating.
Just Cuts scores 5-star rating
Just Cuts is another brand boasting a top level 5 star rating.
The hairdressing chain, which retails its own brand product range, has satisfied franchisees and good systems.
Darryn said “The review evidenced a long established and very successful franchise model across all categories measured”. He also pointed to independent external surveys which revealed the franchisor is very supportive of franchisees.
Franchisees continue to stay with the brand too, which is a sign of a winning business model.
Just Cuts CEO, Amber Manning, said “Just Cuts is incredibly proud of our proven system, our processes and our incredible people who are serving 100,000 Australians weekly, 32 years after our very first franchised salon opened.
“Through our focus on technology, collaboration and transparency, we remain committed to simplifying small business ownership so that you don’t actually need to be a hairdresser to open your very own Just Cuts salon.”
FRANdata Australia is Australia’s leading franchise business intelligence and information advisory business. An independent and fact-based assessment across seven key categories determines the ratings for the franchise brands.
Food retail franchises are also proving their star-worth with the rating system. Chatime, Subway, Soul Origin, Pizza Hut and The Cheesecake Shop are among the high-performing brands.