If you are thinking of investing in a franchise, it is important to understand how franchises are similar to and how they differ from other types of business. If you’ve ever wondered “how does a franchise work?” then this article will help to answer a lot of your questions. The franchise structure Franchises expand their [...]
Buying a franchise can be a big undertaking and many people looking to invest can quickly find themselves feeling overwhelmed. Professionals known as business brokers or franchise brokers can help alleviate some of this stress by doing much of the leg work for you. Nevertheless, it is important to remember that there are pros and cons [...]
Are you looking for franchise opportunities? Perhaps you are considering buying a business or buying a franchise? If so, you’ve come to the right place, as we have provided you with the latest trends in franchising for those interested in becoming a franchisee. For starters, let’s take a look at the shifting demographics in the [...]
Gary Prenevost, Canada’s Franchise Expert, spoke with The Globe and Mail about the benefits and challenges of investing in a franchise as a young entrepreneur “We see it as a shifting trend (young people buying franchises),” Mr. Prenevost says. “After four years of university, people are graduating with MBAs, expecting to ‘pick and choose’ [...]
Franchising is way more than food and retail! There are over 1000 franchise concepts in Canada today covering over 50 different industries, meaning there are a vast number of franchising opportunities that can enable you to own your own business. As I’ve said many times before, just because something is franchised, this doesn’t mean that [...]
If you have been watching the news today, you might have heard that Tim Horton’s Inc. and Burger King have formed the world’s third largest fast food company after the Oakville, Ontario based coffee chain has agreed to a $12.5 billion merger with the US Company. The companies have a combined $23 billion in [...]
Step 1) Self Evaluation The first thing you have to do in your journey to opening a franchise is self-evaluation. Unfortunately most people rush past this most critical step – take a serious inventory of the skills and experiences you bring to the table; assess what financial and time resources you are prepared to allocate [...]
Are you looking for a Canadian franchise business opportunity? Buying into one of the best franchises in Canada provides you with an excellent opportunity to successfully run a business that’s based on a proven system.