Things To Consider Before Starting Your Own Franchise
Finding the right Canadian franchise for you can be an exciting yet intimidating prospect. Before you make the big leap from working a corporate gig to becoming your own boss, here's what you should consider to maximi…
Material Change to Fair Dealing
All Canadian franchise legislation was designed to protect the potential franchisee during the negotiation process. By being required to provide proper disclosure, potential franchisees enter into their selected franc…
Initiating the Lease Renewal Process – for Franchise Tenants
How much time should you allow before your lease renewal? Ideally, a franchise tenant will want to start the lease-renewal process a minimum of 12 months in advance of their lease expiration date. More precisely, look…
Questions That a Prospective Franchisee Should Ask a Franchisor
It is absolutely prudent to ask the Franchisor as many questions as necessary to ensure that you understand the complete picture of the franchise arrangement and relationship, after all you are entering into a partner…
A Better & Faster Way For Business Customers To Deposit Cheques
There is a seamless and secure cheque scanning solution for businesses. Imagine depositing cheques online 24/7, from your office or from wherever it’s convenient for your business. Imagine making deposits more quickly…
Are Franchisees Entitled to Site-Specific Disclosure?
In Ontario, the Arthur Wishart Act (Franchise Disclosure), 2000 requires franchisors to give prospective franchisees a disclosure document—a significant amount of written, pre-sale information about the franchisor and…
Understanding the Roles & Responsibilities Within a Franchise System
The relationship between the Franchisor and their Franchise Partners is unique and often complex. Crucial to the evaluation of any franchise concept is a thorough understanding of the roles of each, the Franchisor and…
Garage Living Welcomes New Calgary Franchisees
Garage Living, the one-stop solution for garage remodeling and the fastest-growing of its kind in North America, recently welcomed new franchisees Mike and Charmaine Reiber from Calgary. Once from Medicine Hat, Albert…
What You Don’t Know Can Hurt You
“Why do I have to get a lawyer to review the franchise documents? I am not allowed to change anything anyway.” We’ve heard that more than a few times. The question is quite reasonable. First of all, let’s dispel the m…
So You Want Me To Buy From You?
You’ve got a great business. You think your location is a good one and your staff are friendly and competent. So why when you have all these things going for you do people buy from someone else? Price, service and del…
Yeh! Frozen Yogurt Announces Coast-To-Coast Expansion Plans
MONTREAL, May 21, 2015 Yeh! Frozen Yogurt and Café (www.yehyogurt.com) continues to expand. More than 100 stores are expected to open in China over the next two years, as well as others in the Middle East, South Ameri…
Understanding ‘Net Worth’ and Unencumbered Capital’
Before you start your search for a franchise you will need to calculate your net worth and unencumbered capital. Many advertisements for franchise opportunities state that you will need a minimum level of unencumbered…
So You Want To Make A Profit
One of the most common misconceptions of new franchisees is that they expect to make a profit from the first day of opening their franchise doors. This misguided notion sometimes persists despite the clearest caution…
How To Set Up A Successful Home Office
Ten years ago home based franchises were new and rare; today there are thousands of them to choose from in every industry you can imagine. Seen primarily in service business, these franchises offer many benefits inclu…
Big News for Cheap Smokes & Cigars Franchise
On Monday, March 30th 2015, Cheap Smokes & Cigars launched its sixth location in Alberta. "It is our first store in Red Deer and it makes a real statement. Its the best we have to offer and our customers are loving it…
Franchise Training Methods Matter
Training in a franchise system is the key means of imparting the franchised business concept to franchisees. It serves as the DNA to replicate the brand from location to location. As such, it is a critical function re…
Famous Laffa Announces Marketing Plan for the GTA
Famous Laffa is proud to announce its expansion plans for Ontario with the addition of Jason and Bruce Kirton as our newest franchisee in the Bathurst and Lawrence area. Famous Laffa is also looking for qualified fran…
TaxAssist Revealed as Finalist for Prestigious BFA Award
TaxAssist Accountants (UK network) has been chosen as one of the finalists for the 2015 British Franchise Association HSBC Franchisor of the Year Awards. TaxAssist Accountants , a winner of numerous franchise awards o…
Due Diligence: Finding Employees to Staff Your Franchise
No franchisee can run a business entirely on his/her own. No matter how small it might be, you will need at least 2-3 people help perform the day to day operations of the business, even if it’s a home-based business.…