Increasingly, Australian franchise owners are taking the advice that doing one thing really well is better than doing a number of things badly. That’s why franchise owners are becoming experts in their fields. Franchisees are looking for niche industries where competition is less fierce. What’s the weirdest niche industry? The Leather Doctor!
From rips in your car seat or sofa to a hole in your dentist chair, the Leather Doctor is a profitable franchise business that will restore your leather and vinyl items to their original glory. So profitable is the franchise opportunity that there are over 50 franchisees across Australia raking in an average of $120 000 Australian annually.
Casey Reid, the franchise business manager of the Leather Doctor explains why niche markets are so popular: “With the markets that are relatively untouched, competition is not huge. If there is competition, it tends to not be that organized in any national structure. So we feel that, from our investigation, there's definitely a demand."
The franchise industry in Australia is worth $144 billion a year, and one of the places in which niche franchise businesses are distinguishing themselves is tutoring. As parents turn to private tutoring franchises to bolster their children’s learning, education franchise owners are taking advantage of the growing trend.
Owning a profitable tutoring franchise will mean entrepreneurs are able to work from home and this keeps overheads low and maximizes profits. The one-on-one tutoring business is growing and astute business owners are turning to tutoring franchises as a profitable way to make a difference in their communities.