As members of the Canadian Franchise Association, we understand franchising and can offer you specialized expertise and strong business and financial support to ensure the success of your venture.
Our depth of experience with franchising, along with our customized financial solutions, can help you navigate the franchise marketplace and meet your other banking needs.
Franchising is a formal business arrangement that brings together two parties in a unique business partnership:
- the franchisor, who controls the product or service to be franchised; and
- the franchisee, the individual business person who will distribute the franchisor‘s product or service.
The Benefits of Owning a Franchise
If you have a desire to start your own business, a franchise can be a great way to increase your chances for success. As part of a major franchise network, you can expect to benefit from professional marketing, national advertising, specialized training, and centralized purchasing. Statistically, you are more likely to succeed with a well-established franchise than with a non-franchised independent business.
Franchising is an area of business that is enjoying continued growth in North America. But what makes a franchised business a good business opportunity for you?
A franchise allows you the independence to manage your own business while providing the security of participating in an established business with a successful track record.
In a franchising relationship, there are benefits to both the franchisee and the franchisor. The franchisee benefits from the franchisor’s expertise and trademarks, and an already established business format. The franchisor is able to expand the scope and reputation of the franchise with each additional outlet, generating additional value for both parties.
Franchises represent a fast-expanding segment of the retail sector.
In fact, franchising accounts for more than 40 per cent of all retail sales in North America. According to the Canadian Franchise Association, it is estimated that there are over 1,000 active franchise systems in Canada, represented by more than 78,000 franchisees, offering a wide variety of products and services.