Immigrating to Australia and starting a new business will open up many opportunities for Vietnamese entrepreneurs and investors. From a startup perspective, franchising is seen as a business model with good profit potential and less risk compared to starting a business from scratch. Franchising can be considered as a suggestion for immigrant investors who have not yet decided on what type of business to venture into in Australia.
Franchising – What is it?
Franchising allows an individual or organization to operate goods or services using the business model and methods applied by the franchisor in a specific area.
Suitable models for Vietnamese investors:
- Franchise model for bubble tea shops.
- Franchise model for convenience stores.
- Fast food restaurant business model.
- Beauty salon and nail spa business model.
Advantages of the franchise model:
- Existing brand and customer base.
- Stable income stream upon operating the business.
- Professional support from the franchisor.
- Clear work processes.
- Structured training system.
Potential risks include:
- Franchise fee payment required.
- Competition from other franchises in the chain.
- Possible negative impact if a franchise in the chain encounters issues.
Any business model, aside from its inherent advantages, also comes with potential risks, especially when starting a business in a foreign country. With over 10 years of experience in practical investment and business in Australia, we can assist Vietnamese entrepreneurs and investors in minimizing risks to the lowest possible level and seizing opportunities for success.
Contact Info:
- Bluewise Group | Bluewise Business Advisory | Bluewise Migration Advisory
- Head Office: Liberty Plaza – Level 1, 28/256 Chapel Rd Bankstown NSW
- HCM Branch: 339/10A Le Van Sy, Ward 13, District 3, Ho Chi Minh City
- Hotline: AU 0450 895 589 – VN 1800 599 932
- Email: bw@bluewisegroup.com.au