Franchising has proven to be a resilient industry that continues to grow even amidst economic uncertainty. The International Franchise Association (IFA) forecasted that franchise establishments will...
While the economy is bound to have highs and lows, there are times when an economic downturn will turn into a recession, which is “a significant, widespread, and prolonged downturn in economic...
“The U.S. child care market size was estimated at USD 61.70 billion in 2023 and is expected to grow at a CAGR of 5.86% from 2024 to 2030” (Grand View Research). The child care industry has proven to...
“A recession is a significant, widespread, and prolonged downturn in economic activity.” (Investopedia) While the United States government has adopted fiscal and monetary policies to prevent another...
The health and fitness market in Canada continues to grow as there’s an increasing awareness of the importance of maintaining a healthy lifestyle. According to Statista, the market’s “total revenue...
A franchise resale refers to the purchase and transfer of an existing franchise location, one that’s already been established and operational for some time. In this situation, a buyer purchases the...
Despite various economic uncertainties, it’s projected that the franchise industry will continue growing in 2024 with franchise establishments increasing by 1.9% (almost 15,000 units) and total...
“Bookkeeping is the practice of organizing, classifying and maintaining a business’s financial records. It involves recording transactions and storing financial documentation to manage the overall...
A General Security Agreement (GSA) is a legal document that grants the lender a security interest in the borrower's personal property or assets as collateral for a loan. Collateral could include...
If you’re thinking about buying a particular franchise, you should consider speaking with current franchise owners in the same space. A few reasons why you would want to contact a franchise owner...