Canadian Franchise

The Do’s and Don’ts of Financing a Franchise

Author: Kenny Chan, Vice President, Content & Marketing The Canadian franchise landscape is evolving. Interest in self-employment has increased as a result of the pandemic and according to the Canadian Franchise Association (CFA), 94% of Canadians say they’re looking to invest in a franchise within the next year. Despite months of economic uncertainty, franchising has… Continue reading The Do’s and Don’ts of Financing a Franchise

Kumon Franchise Owners Take Control of Their Future While Making a Difference in the Lives of Children

When teacher Christina Mitchell grew tired of classroom behaviour issues and having too many students in a class, she began looking for different career options. Her business owner father-in-law gave important advice: Choose something you know about. “My husband heard about Kumon, and I happened to teach a very advanced first-grader who used Kumon at… Continue reading Kumon Franchise Owners Take Control of Their Future While Making a Difference in the Lives of Children

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How Much Money Can I Make?

A common question asked by prospective franchisees that are reviewing a franchise opportunity is, “How much money can I make?” In response, the franchise salesperson often avoids the question and assures you that you will have an opportunity to review the disclosure document and speak with franchisees. When you subsequently get the disclosure document you… Continue reading How Much Money Can I Make?

Multi-Unit Franchising

Multi-unit franchising has been around almost as long as franchising itself.  Today, this type of franchise model is commonplace and may, in the future, eclipse the traditional “ma and pa” unit franchise approach to growing a franchise system. A multi-unit franchise occurs where one franchisee owns and operates a number of units in a franchise… Continue reading Multi-Unit Franchising

Entrepreneurism-alive and well? Entrepreneur -vs- Franchisee

Does an entrepreneurial start up businesses have a better success rate than an equivalent franchised business? While there are no clearly defined statistics to provide a definitive answer all the typical indicators tend to point in favour of franchisee success over that of an entrepreneurial individual start-up. Businesses fail for many reasons as would be… Continue reading Entrepreneurism-alive and well? Entrepreneur -vs- Franchisee

Succession planning in a franchise system

Leaders of a growing franchise are by necessity, intently focused on the day-to-day growth of the business. Unfortunately, that means an important issue like succession planning often takes a back seat. While 50 percent of business owners plan to retire in the next 10 years, two-thirds of them haven’t developed a succession plan.  A newer… Continue reading Succession planning in a franchise system

Franchisee Highlight

  Starting your own business can feel like an insurmountable task. Between business plans and marketing strategies, to procurement, staffing and more, finding success as your own boss can take a lot of time, money and effort to achieve. While some Canadians may be cautious of the uncertainty associated with owning their own business, franchising… Continue reading Franchisee Highlight

13 + Marketing Questions to ask before you buy a Franchise

Franchise opportunities are seemingly endless these days! From food trucks to health services and everything in between, if you like the idea of being your own boss, there are many options to explore.  Before investing your hard-earned cash in a franchise, there are many questions you should ask of yourself and the company. While prospective… Continue reading 13 + Marketing Questions to ask before you buy a Franchise

Fitness Brand P.volve Sets Sights On Opening Studios in All 10 Canadian Provinces

The hybrid-model company that is teaching people to expect more from their fitness, is comingto Canada, with its first franchise agreement signed for Victoria, British Columbia.In the five years since the brand’s inception, P.volve has started a fitness revolution. Thecompany, founded in 2017 by Rachel Katzman, who was experiencing pain from high-intensityworkouts, focuses on a… Continue reading Fitness Brand P.volve Sets Sights On Opening Studios in All 10 Canadian Provinces

SOLA SALONS ACCELERATES CANADA EXPANSION

Leading Salon Studio Franchise Signs Four Development Agreements to Open Nine New Locations Across Canada; Joins Canadian Franchise Association with Plans to Attend CFA Convention Sola Salons, the world’s largest and fastest growing salon studios franchise, announced today the signing of four franchise development agreements that will expand its presence in key territories across Ontario,… Continue reading SOLA SALONS ACCELERATES CANADA EXPANSION