4 Compelling Franchise Opportunities for Canadians

Franchise opportunities abound in Canada, but how do you know which ones are right for you?

In today’s post, we introduce 4 compelling franchise opportunities for Canadians, sharing insights on promising industry trends and identifying products and services with resilient market demand.

• Pizza franchises. When ranking different industries based on the value of their franchise opportunities, food retailers and restaurants occupy five of the top-10 spots. Pizza franchises are particularly strong choices because their product is easy to reproduce, and it’s in demand everywhere. If you want to start a profitable pizza business, franchising is a great way to be competitive out of the gates; many offer centralized online ordering systems, something that millennial pizza-patrons depend on. Ultimately, you’ll have to decide whether you want to align yourself with a nationally known chain or a local favourite. If pizza is your passion, your FranNet consultant can help discover what’s right for you!
  
  
• Medical franchises. The demand for healthcare services has never been higher. The Baby Boomer generation is aging past 65 en masse, and soon an unprecedented portion of the Canadian population will require senior care. Starting a medical franchise is a great way to give back to your community, generate a strong return on your investment, and ensure you go home at night enriched by the day’s work.
  
  That said, there are potentially educational barriers to opening a medical franchise. Some franchises in this field require you to complete nursing degrees, caregiver certifications, and other relevant programs before getting involved with their brand, so you’ll need to decide whether the educational costs are worth the potential return on investment with these specific franchises. That said, some franchises include relevant skills training as part of their start-up curriculum. Our consultants can guide you towards whichever brand suits your needs and educational interests.
  
  
• Traditional fast-food franchises. Canadians spend over $100 billion in fast food purchases every year. There are dozens of fast food franchise opportunities to choose from, each with their own pros and cons. If this industry interests you, you’ll ultimately have to decide which brand to invest with, and FranNet consultants are highly trained, skilled, and experienced in guiding you in that regard.
  
• Health and fitness franchises. Canadians are becoming increasingly aware of what Laroucheet al (2016) refer to as a “physical inactivity crisis,” and that’s motivating them to sign up for gym memberships, invest in healthier eating habits, and purchase athletic gear in greater volume than ever before. Despite this tremendous growth of consumer demand for health and fitness services, studies suggest that only 15% of the Canadian population has a gym membership, which means there is plenty of opportunities for franchisees to convert new customers.
  
  Pursuing brands options in the health and fitness world might be right for you if you’ve got a passion for wellness, or simply want to get in on the ground floor of the fitness revolution that’s bringing in billions of revenue every day. Whatever your motivation, FranNet can help; we have several individual franchise options when it comes to sports and fitness business opportunities, and will offer objective input to inform your decision-making process.

Want to learn more about the franchise options available to you in these different industries? Visit http://www.frannet.ca for educational resources, webinars, or to book a consultation with our team.

References

Larouche, R., Garriguet, D., Gunnell, K. E., Goldfield, G. S., & Tremblay, M. S. (2016). Outdoor time, physical activity, sedentary time, and health indicators at ages 7 to 14: 2012/2013 Canadian Health Measures Survey. Health Reports, 27(9), 3.

 

About FranNet Canada

FranNet is a 29-year-old company with roots in the U.S. Its purpose being to nurture every entrepreneur’s dream of business ownership. We actively employ a specific profiling and consultation method. This method is geared to each investor with a specific business model and based on franchise trends typically found in Toronto, Ontario, Vancouver, British Columbia, or Calgary, Alberta. The most lucrative Canadian franchise opportunities are waiting for you. For more details visit - http://frannet.ca/buy-a-franchise/canada-franchise-buying-process/