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Australian Franchise Opportunities – Wedding and Event Industry a Hot Choice!
The wedding and events industry is a hot choice amongst female business professionals wanting to buy into a successful franchise model.
The wedding industry in Australia is alive and well – with over 120,000 weddings happening each year Australia wide!
According to a report by ‘The Knot’- a leading bridal publication, the national average cost of a wedding is $28,427.
This is BIG business – making it a hot choice for a franchise model.
The Australian Wedding Industry and Why it Makes a Hot Choice for a Franchise
Australians spend around $4 Billion dollars each year in the wedding industry.
It seems you can’t put a price on love – as many brides still continue to live out their fairy tale dream in style.
The below chart shows on average what a Bride spends per wedding service/item.
Why a Franchise Model?
Franchise models in general provide many advantages to the franchise owner who invests, apart from being a proven system that works, its a reputable business name that has credibility and is already established in the market place, allowing franchisees to profit from the brand name and systems.
There is also a much lower failure rate in a franchise chain then an individual start-up business. The Australian Bureau of Statistics estimates that nearly 95% of all small businesses fail within the first 5 years.
The franchise failure rate is much lower, as franchise models tend to offer help and support in business to enable franchisees to be successful in business.
5 Reasons Why the Wedding and Event Industry Is An Ideal Way For YOU To Make Some Serious Money!
- Low Start Up Cost: All you need is a basic computer that you probably already own, and a mobile phone. You will also need a few other bits of office stationary, and essential business registrations – that we will advise.
- Work From Home: You don’t need a shop front to be a professional wedding planner or event organiser. You can run your business from a spare room or even from your kitchen table. You can easily mix a home-based wedding planning business with study, raising a family, or a part-time job.
- Big Demand: There is an ever-increasing demand for good trained wedding planners and event managers.
- Prestige and Respect: Wedding planners and event managers are respected for their high level of planning skills and wedding suppliers knowledge and being ‘in’ with the best bridal suppliers. If anyone asks you what you do for a living, you can say in all honesty, “I’m a Professional Wedding Planner and Events Manager!”.
What a Wedding and Events Management Franchise Typically Includes
Its important when choosing a franchise model thats right for you, that you get as many inclusions as possible to help you set up your business.
If you are interested in getting into the Wedding and Events industry and want to be part of a successful franchise model and a well established company, please enquire further here: http://www.allaboutvenues.com.au/franchises