Franchising is a booming industry in Canada representing $120 billion. While it’s the twelfth largest industry in Canada, it is the second largest franchise industry in the world (CFA). Canada...
It shouldn’t come as a surprise that there isn't a simple answer to this question. That’s because the cost of starting a franchise in Canada widely varies depending on the brand, industry, and...
Franchise development refers to the strategic process through which a franchisor expands and grows its franchise system. It can either be the process of converting an idea into a franchise from...
For anyone interested in purchasing a franchise, it’s important to understand common franchising terms, one of which is “Piggyback Franchising” or “Combination Franchising”. Definition of a...
Are you considering franchise ownership but wondering how you’re going to obtain financing? Fortunately, it’s in the Canadian government’s best interest to support business growth in the country,...
Oftentimes, a franchise business needs to secure a loan to purchase the equipment necessary for its ongoing success. However, traditional lenders typically require individuals to demonstrate their...
You’re probably familiar with the term “turnkey” especially as it relates to buying a house, but perhaps you’re wondering how it relates to starting a franchise business. “A turnkey business is a...
If you are thinking about buying a franchise that requires a physical location, then you’ll likely need to secure a rental agreement. Negotiating a rental agreement is a key element to the start of...
"Why did the entrepreneur become a chef? So he could write off all his meals as 'research expenses.'" There are plenty of jokes to go around about taxes, but one thing is certain: most people aren’t...
COVID-19 had a widespread impact on businesses and the way they operate. The restrictions that were imposed to various extents around the world severely limited many industries that relied on...