The Lesser-Known Pros of Canadian Franchising
When looking into Canadian franchising, you’ve probably come across of a lot of “pros and cons” discussions. Many of these naturally focus on the hard numbers, like the financial return and royalty rates, alongside ot…
Do You Need a Manager for Your Location?
Many Canadian small businesses and franchises run lean. If the owners can do something themselves, they will. In short, if you can handle your own employee training, bookkeeping, marketing and the other tasks involved…
Dogtopia Welcomes Former PetSmart CEO to Its Board
Dog boarding and daycare group Dogtopia Enterprises has just announced that David K. Lenhardt, former CEO and President of PetSmart, is joining their board of directors.
Minuteman Press International Soars in Entrepreneur's 2017 Rankings
Minuteman Press International has topped its category in Entrepreneur Magazine's 2017 rankings. Read more about it here.
Reading Between the Lines on an Financial Disclosure Document
A financial disclosure document (FDD) from a Canadian franchise is one of the most important documents you’ll see during your brand search. Before you invest your loonies, here are some tips to help you read a FDD lik…
Ontario’s Recent Reward Points Move
Reward programs are found in many Canadian franchise businesses, from restaurants to retailers and service providers. These programs entice customers to return and buy more while helping to increase a brand’s visibili…
Crunch Your Canadian Franchise Numbers
Canada is home to a large number of franchises. The Canadian Franchise Association reports that there are currently around 1,300 brands operating in the country across multiple industries (https://www.cfa.ca/tools_res…
Mathnasium: Education in Action
People in specific professions are often expected to do more than just clock in each day, and this is certainly true of teachers. With the future of our children and society in their hands, we rely on educators to pre…
4 Things Canadian Franchisees Overlook When Buying a US Franchise
There are many US brands operating successfully in Canada today across several industries. If a US franchise has caught your eye, however, you need to do some homework beyond the typical research. There are some speci…
Negotiating the Operating Costs as Rent
As a franchise tenant, your monthly base rent you pay your landlord for leasing commercial space is not the only rent you may pay! Many commercial tenants will also pay their landlord a secondary amount for property o…
BC’s Franchises Act Came Into Force On February 1, 2017
This new legislation has been assembled over the past 4 years in an effort to level the negotiation positions of both Franchisors and prospective franchisees. In most cases, prospective franchisees are not as business…
Real Property Management Starts Off 2017 With Top Honors
Full-service property management firm Real Property Management has just been named a "Top 200" franchise opportunity by the Franchise Business Review (FBR) and included in Entrepreneur's Franchise 500 for the sixth ye…
5 Things to Do Before Buying a Canadian Franchise
The Canadian franchise industry is massive, with the International Franchise Association reporting that it is the second largest in the world (www.franchise.org/sites/default/files/ek-pdfs/html_page/CanadaFranchising_…
5 Tips for Negotiating Your Canadian Franchise Deal
Negotiation is a big part of the Canadian franchise purchase process. If you're successful at it, you will probably start out your new business with better terms and more benefits than someone who is not as skilled. E…
B2B in Canadian Franchising: 3 Keys to Success
During your Canadian franchise search, you have probably come across B2B, or business-to-business, franchising. This concept is exactly what it sounds like: your business is primarily selling goods or services to anot…
Planning for the Holiday Season in a Canadian Franchise
Holidays are a busy time for many Canadian franchise businesses. Research firm Accenture reported that Canadians are expected to spend about 17 percent more over the 2016 holidays than they did in 2015, spending an av…
The Rise of the Canadian Fast-Casual: What to Know
Fast-casual restaurants—eateries that are in between typical fast food chains and traditional casual dining—are a growing segment in Canada. As noted by Global News, this industry category enjoyed double-digit growth…
What Your Franchisor Doesn’t Do for You
Buy into a franchise system and guarantee yourself success? It’s not quite that easy. While franchise systems can be very appealing investments for entrepreneurs, understand that franchisors may not provide a complete…
Entering New Canadian Markets: What to Consider
Entering New Canadian Markets: What to Consider Franchising is still big business in Canada, with the Canadian Franchise Association reporting that there are now around 1,300 brands operating across the $68 billion do…
Canadian Franchise Law Changes
Canadian Franchise Law Changes: 2016 in Review Portions of this contributed by Chad Finkelstein from his Financial Post article (http://business.financialpost.com/entrepreneur/franchise-focus/new-regulations-on-the-bo…
Franchise Location Building: What to Know
If you're looking at Canadian franchises that require a brick-and-mortar location, there will be some construction involved. This can be a very exciting phase, but you'll need to know what to expect, so keep reading t…
Franchise Resales: What to Expect
In your franchise search, you may have come across resales. These are already operating, existing locations being offered for sale by a current franchisee. In franchise agreements, there is no one-size-fits all set of…
The Tough Parts of Mobile Franchising
Mobile franchises are on the rise in Canada, with Lexpert noting that they have enjoyed some of the strongest growth over the last few years (http://www.lexpert.ca/article/the-future-of-franchising-in-canada/). This i…
Buying a US Franchise for Canada: What to Know
Buying a US Franchise for Canada: What to Know Whether the franchise you're considering is headquartered in Alberta or Atlanta, many of the aspects of franchise buying will be the same. However, there are some special…