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In Canada, you can find a wide range of different food franchises for sale, including wedding catering and event planning, fast food chains, fine dining establishments and even vending machine businesses. Many companies sell retail locations to investors in order to expand at a rapid rate without spending excessive capital. According to the Canadian Franchise Association, franchises bring in $100 billion annually.
One of the first things to consider when searching for a restaurant is your available capital. You may need as much as $250,000 in startup fees for a mid-range commercial opportunity and well over $1 million to open a restaurant chain like a McDonald’s.
Tracking Down the Top Food Franchises for Sale in Canada
Some of the most popular restaurants for sale in Montreal and throughout Canada include: Figaro’s Pizza, Subway sandwich shops, Orange Julius, Applejacks, Wingman and Coffee Time. Companies like Coffee Time started out with a single business and have since branched out to include more than 300 shops around the world. Large commercial chains typically require strict adherence to corporate policies and operating systems. These businesses usually have final say in location, building specs, uniforms, hours of operation, insurance requirements and menu selections.
You may be asked to pay into a national advertising fund as part of your agreement. Be sure to get a breakdown of where your advertising dollars are going. Whenever possible, interview at least one restaurant owner to find out the pros and cons of this business model.
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.