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Franchise opportunities allow growing companies to expand into new territories without tapping out vast capital resources. In exchange, investors have the opportunity to sell products and services from brand name companies with loyal customers. Some of the most popular opportunities include fast food restaurants, retail outlets, cleaning companies and vending businesses.
Franchise agreements come with entrance costs and royalty fees, which are typically around four to six percent of the gross monthly income. Some companies take royalty payments on a weekly basis. Many nationally known brands built up their reputations by providing predictable and consistent service from one location to the next. Many of these companies may have strict requirements for equipment, training, building approvals and employee uniforms.
Exploring the Top Franchise Opportunities in Canada
In Canada, franchise opportunities are responsible for up to $100 billion in annual sales. According to the Canadian Franchise Association there are as many as 76,000 different franchises currently operating in cities like Toronto, London, Ontario and New Brunswick. The average entrance fee in Canada is $23,000, and the average total new business investment capital requirement is $160,000.
When you request more information from a company, be sure to review the information in the offering circular or the financial disclosure documents carefully. If you notice a high turnover rate among owners, make sure to ask for an explanation. A higher turnover may be a sign of owner dissatisfaction, poor training, inadequate advertising funding or mismanagement at the corporate level.
Match Point Network offers research tools for retail, food, vending and real estate opportunities for sale in London, Ontario and throughout Canada. Explore your options by sending an email to Match Point.
Through consulting and training, Franchise Research Corp can build a custom tailored program..More
Between 2004 and 2005 over 300 new franchise concepts were launched in the US.
In today’s high growth franchising industry, 1 new franchise opens its doors every 8 minutes of every business day.
The execution of business requires a strategy and top talent.