Why Buy a Franchise in Canada?

1. Minimized Risk

Individuals who want to become entrepreneurs know why buying a franchise makes more sense than starting their own business from scratch. On the average, some start-ups fold after three to five years.

A franchise, on the other hand, minimizes risk. The trademark and brand are what people are familiar with and when they’re happy with the franchised product or service, they develop loyalty to the brand. When there is brand loyalty, there is repeat business. When there is repeat business, there is very little or no risk.

Many Canadians have failed in business. Lack of knowledge is one factor. Lack of support is another. Many of them haven’t even conducted feasibility studies to see how lucrative a particular location might be.

2. Research and Due Diligence – Done!

The homework and legwork have already been completed for you. Starting a franchise is a leap of faith. But that faith is backed by all the work that was done in the back-end. When a business is successful, it can only be more successful. Success begets success as they say.

This is why franchisors – the people who own the license – have the confidence to “rent out” their name. They know that the systems in place are foolproof.

FranNet’s research capabilities are demonstrated in their proprietary profiling tool and customized consultation method, enabling it to match the ideal Canadian franchise model to an investor’s mindset and lifestyle. Identifying the most suitable franchise comes naturally for FranNet because the questionnaire process and its screening methods are rigorous.

3. Information and Support

Franchisors are interested in seeing their franchisees succeed. When franchisees perform well, the business grows exponentially. The trademark and brand are also enhanced.

Franchisors make it a point, therefore, to ensure that their franchisees have the information they need. Support is also offered in certain aspects of the business.

Franchisees value honesty, transparency and consistency. They are investing hard earned funds (in some cases, their entire retirement savings or severance packages) into a franchise they want to develop. They expect their franchisors to answer whatever questions come up, and look for immediate guidance at critical times.

Canadians interested in buying a franchise must answer these questions:

Do you feel that your training was sufficient?
How long did it take you to break even?
What is your ROI (return on investment) a year?
What’s your comfort level with the day-to-day duties of the business?
Would you renew the franchise license and recommend it to friends and family?
Were you given a chance to “try on” the business before you purchased it so that you were sure it was the right decision?

4. Growth and Expansion

The fundamental concept of a Canadian franchise or any franchise for that matter is rapid growth. The expansion capital comes from the franchisees. This pattern of growth isn’t hampered by major restraints. The nature of franchising is that if all rules are properly implemented from day 1, the business should take off on its own.

The larger the size of the franchise, the larger the marketing and advertising budgets must be. Aggressive marketing generates increased sales. Through sheer numbers (number of franchisees), a synergy is created. Competition is reduced. Supplies for the franchise are purchased in bulk and are discounted. Savings are passed on to franchisees.

5. Personal & Emotional Satisfaction

A recent Gallup Poll revealed that more than 94 percent considered themselves successful and that more than 75 percent would buy their franchise again. The same poll also found that the average pre-tax gross income was $124,290.

To all Canadians who are looking to change their future by buying into a franchise - we strongly encourage you. Profitable Canadian franchise opportunities are waiting for you now in Ontario, British Columbia, Alberta, as well as in Manitoba, Nova Scotia, Newfoundland and Saskatchewan.

Pick up the phone and call 1-800-372-6638 or fill in the Find Your Perfect Franchise form on the right.

FranNet is eager to talk to you about exciting Canadian franchise opportunities. Feel good about creating jobs. Feel good about being your own boss. Feel good about your repeat customers.

In this era of downsizing, becoming a franchise entrepreneur is certainly looking like a more attractive option.