How Big is The Franchise Industry in Canada?
Over 1,200 franchise brands are expanding in Canada and many more are coming
The Canadian franchise industry is large, diverse and growing. More than 1,200 different franchise concepts are already offered in Canada. Many of those systems, like Tim Hortons and Canadian Tire, are homegrown. Many others started in other countries, especially the U.S., and are clamoring to expand here thanks to our stable economy and banking system.
How big is the franchise industry in Canada? Here are some statistics:
The number of franchise units operating in Canada, according to the Canadian Franchise Association
The percentage of all retail sales that come from franchises businesses, according to the Uniform Law Conference of Canada
The number of people employed by Canadian franchises, according to a 2007 report from the Manitoba Law Commission
Franchising is a powerful business model — new business owners benefit from training, support, systems, brand power and expertise of veteran managers who work hard to keep the system competitive and profitable. The fact is, though, that some franchisors do a better job of it than others. As someone considering starting a Canadian franchise, you have a lot of choices. As a FranNet business consultant, I offer guidance at no cost to my clients, helping them weigh whether franchising is right for them and, if so, helping them sort through which opportunities might be the best match, then guiding them through in-depth research into specific brands. I serve as a matchmaker between worthy franchise systems and franchisees who would be a good fit.
To learn more, and get a white paper outlining my answers to 10 common questions, click here.