
Franchising Your Business to Expand the Candle Brand Nationwide? Here’re 7 Tips
Do you own a local candle brand and are planning to expand it across the country? Rather than opening multiple units, consider franchising your business. Franchising allows other local candle businesses to run under your brand and offer your products across the country. Hence, franchising can help your brand to reach every corner of the country. However, you must consider a few facts before planning to expand your local candle brand through franchising.
Let’s discuss more about that in the following blog post.
What to consider when planning to franchise your local candle business nationwide?
Franchising is not as easy as it sounds.
It takes a lot to ensure the success of your franchises.
Data shows that the franchise failure rates vary between 20% and 50%.
Hence, it’s a must to consider some factors when franchising your local candle business.
Wondering what are those?
The following are the top 7 of them:
Capital is one of the most essential facts you should consider when franchising your candle business across the country. Even though your franchisees will do all the investments, you will still need enough funds to train them and prepare the necessary legal documents.
i) Niche popularity is another factor you must consider when franchising your local candle brand nationwide. Data shows that the Australian candle market is projected at a CAGR of 3.26% between 2025 and 2029. Though the stat alone is lucrative enough to attract ideal franchisees in candle franchises, you must ensure that your candle brand is popular within and outside of the local market.
ii) Drafting legal documents is also essential for expanding your local candle brand through franchising. FDD (Franchise Disclosure Document) and FA (Franchise Agreement) are two essential documents for franchising a business. You should draft them with a pro franchise lawyer and ensure that they contain all the information about your candle business.
iii) Brand revenue is another crucial factor you must consider before franchising your candle business across the nation. Data shows that the candle market in Australia is projected to reach USD 90.08 million in 2025. It may make ideal franchisees interested in local candle franchises. However, you must ensure that your brand revenue is lucrative enough.
iv) Hiring the right franchisees is also a crucial fact to consider when franchising your candle brand nationwide. Most business owners often hire their friends and/or family members as the franchisees for their businesses. There is nothing wrong with it. However, you must ensure that they have the potential to run a candle franchise without any hassles.
v) Franchisee training is another essential factor you should consider when expanding your brand through franchising. On-site or online training is necessary for franchisees to know your candle business, its goals and missions better.
vi) Last, you should consider consulting the franchising matter with a professional consultant. Having years of skills and expertise in franchising numerous local candle brands across the country, they can guide you through the process and help you expand your candle brand through franchising.
Bottom line
Are you wondering how to expand your local candle brand across Australia? Rather than opening a lot of units countrywide, consider franchising your business. Franchising allows other candle brands to run under your brand name and offer your products across the country. Hence, it allows you to expand your business nationwide through franchising. However, you should consider some factors before planning to franchise your brand.
Author Bio: The Author is a professional franchise consultant in Australia. For years, he has helped lots of people to expand their businesses across the country through franchising. Along with this, he has also written many articles and blog posts on various related topics like the benefits of franchising your business, etc. to help his readers.