“I never dreamed of being the owner of a cleaning business,” said one franchisee applicant. “I don’t wake in the morning feeling passionate about the oil change industry,” said another potential...
Updated April 2024 Many entrepreneurs who want to become a business owner might be concerned with the risks that come with starting a business from scratch. That’s where franchising comes in....
Updated June 2024 To create a viable franchise, a franchisor must first develop the infrastructure for the entire franchise business, which ultimately impacts each franchisee. The foundation of this...
If you’re thinking about buying a franchise, one of the first questions on your mind is most likely how much profit you can make. While a Franchise Business Review study revealed that the average...
{Updated February 2024} According to the Canadian Franchise Association, franchising “is the 12th largest industry in Canada and the second largest franchise industry in the world.” Franchising is a...
Despite various economic challenges, franchising in Canada continues to flourish in 2024. Representing more than $120 billion of Canada’s GDP, franchising is the 12th largest industry in the country...
{Updated November, 2023} Starting a franchise can reap many of the same benefits of starting a business from scratch, but it also offers several unique advantages. Not only do franchisees secure...
It’s true that franchising has promising success rates, but it’s also true that not all franchises are created equal and not all franchises are a good investment. With that said, franchising can...