New Zealand's $47.2 billion franchise sector is being celebrated.
Today marks the first World Franchise Day.
The model first took shape in New Zealand in the 1970s – with now almost 550 franchised brands including in accommodation, hospitality, education, childcare and retail.
Franchise Association Chair Brad Jones told Mike Hosking they’ve had some great growth in the sector over the last few years.
He says they’re 11% of New Zealand’s GDP, and if motor vehicle sales and retail fuel are included, that brings them to over $73 billion – 17% of GDP.
LISTEN ABOVE

Mike's Minute: How do you not have confidence in an event already sorted?
02:27

Pollies: National's Mark Mitchell and Labour's Ginny Andersen talk the handling of the fuel crisis and cost of living
11:20

John Edminstin: Bluff Oyster Festival Chair on low ticket sales, the chance this will be the final year
02:43