newfound information will help a franchisee successfully integrate their business into a brand new economy. Luckily, Australia and Canada had relatively similar economies, only differentiating in wages and taxes. Wages are a challenging aspect franchises need to keep in mind when planning to open a business in another location as minimum wages for employees vary in each country. The overall cost of living in Australia is higher than Canada, thus causing the minimum wages in Australia to be higher in order to reflect a liveable income. This would factor into the prices set for this franchise as it would need to reflect the cost of living, food and rental space. Rawlicious is a vegan “fast food” franchise that is dedicated to creating and serving a completely organic and gluten free menu. Importing food to Australia not only involves large shipping costs, it also includes paying duties/tariffs depending on the company the food was purchased from. However, this franchise is a fully vegan operation therefore, the high shipping costs of importing meat and dairy to Australia would disappear.
newfound information will help a franchisee successfully integrate their business into a brand new economy. Luckily, Australia and Canada had relatively similar economies, only differentiating in wages and taxes. Wages are a challenging aspect franchises need to keep in mind when planning to open a business in another location as minimum wages for employees vary in each country. The overall cost of living in Australia is higher than Canada, thus causing the minimum wages in Australia to be higher in order to reflect a liveable income. This would factor into the prices set for this franchise as it would need to reflect the cost of living, food and rental space. Rawlicious is a vegan “fast food” franchise that is dedicated to creating and serving a completely organic and gluten free menu. Importing food to Australia not only involves large shipping costs, it also includes paying duties/tariffs depending on the company the food was purchased from. However, this franchise is a fully vegan operation therefore, the high shipping costs of importing meat and dairy to Australia would disappear.