Find the right franchise in Prince Edward Island
Prince Edward Island’s Growth Means Success for Its Businesses
Business leaders in Prince Edward Island report high levels of confidence, demonstrating that the province is a great place to do business and has a bright future. The province is on its way up, showing recent increases in tourism, consumer spending, and retail sales. The population is increasing, too, and with that growth comes a strong economy.
Prince Edward Island provides funding opportunities through its Finance PEI small business assistance and micro-loan programs. The province also sponsors Innovation PEI, which offers financial support as well as business counseling and professional development opportunities. A skilled workforce is supported through the Skills PEI program.
The Garden of the Gulf is a beautiful place to open a business, and its growth in every area means big benefits for entrepreneurs. FranNet’s local experts know Prince Edward Island and Canada well, and they’re ready to help you choose the business that will work best for you.
Franchising in Prince Edward Island
- Franchise law: Prince Edward Island's Franchises Act requires a franchisor to give a prospective franchisee a disclosure document at least 14 days before the prospective franchisee signs the franchise agreement (or any other agreement relating to the franchise) or pays anything for the franchise, whichever comes first. It is a disclosure law, not a registration law. (Source: Franchises Act, RSPEI 1988, c F-14.1 (Government of Prince Edward Island))
- Small businesses: In December 2024, Prince Edward Island had 5,246 small businesses with 1 to 99 paid employees, 98.3 percent of all its businesses with employees. (Source: ISED Canada, Key Small Business Statistics 2025 (published 2026))
ISED counts businesses with 1 to 99 paid employees as small businesses.
Franchising facts last reviewed October 2026.
Franchise brands available in Prince Edward Island
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