Vacuum retailer Godfreys converted 22 stores to franchised outlets in the 2016-17 financial year bringing in to the corporate chest initial franchise fees of $5.3m.

Vacuum cleaner retailer Godfreys is turning to franchise expansion to deliver stronger financial results in the group.

Vaccuum cleaner retail chain Godfreys is selling off up to 60 corporate stores to franchise buyers with 18 outlets up for grabs next year.

The vacuum cleaning business Godfreys plans to galvanise the next stage of its expansion through an initial public offering. The

Sales at the retail chain Godfreys increased 3.5 percent to $90.6m, it has revealed in its half year financial results.