Franchise Articles

Aug 4, 2015

Franchises Resales on Fire

Franchises in general are a hot ticket, with Canadian franchises like Firehouse Subs and Mathnasium Learning Centers dominating Entrepreneur Magazine's recent fastest-growing franchise list...

Jul 21, 2015

Free versus Free... what's the difference?

How many times have you created or participated in promotions that offered a free add on to an existing product or service, or a “buy one get one" either free or at a reduced price. Probably many...

Jun 30, 2015

Things To Consider Before Starting Your Own...

Finding the right Canadian franchise for you can be an exciting yet intimidating prospect. Before you make the big leap from working a corporate gig to becoming your own boss, here's what you should...

Jun 19, 2015

Initiating the Lease Renewal Process – for...

How much time should you allow before your lease renewal? Ideally, a franchise tenant will want to start the lease-renewal process a minimum of 12 months in advance of their lease expiration date....

Jun 19, 2015

Material Change to Fair Dealing

All Canadian franchise legislation was designed to protect the potential franchisee during the negotiation process. By being required to provide proper disclosure, potential franchisees enter into...

Jun 12, 2015

Questions That a Prospective Franchisee Should Ask...

It is absolutely prudent to ask the Franchisor as many questions as necessary to ensure that you understand the complete picture of the franchise arrangement and relationship, after all you are...

Jun 5, 2015

A Better & Faster Way For Business Customers To...

There is a seamless and secure cheque scanning solution for businesses. Imagine depositing cheques online 24/7, from your office or from wherever it’s convenient for your business. Imagine...

Jun 2, 2015

Are Franchisees Entitled to Site-Specific...

In Ontario, the Arthur Wishart Act (Franchise Disclosure), 2000 requires franchisors to give prospective franchisees a disclosure document—a significant amount of written, pre-sale information about...

May 29, 2015

Understanding the Roles & Responsibilities Within...

The relationship between the Franchisor and their Franchise Partners is unique and often complex. Crucial to the evaluation of any franchise concept is a thorough understanding of the roles of...

May 26, 2015

What You Don’t Know Can Hurt You

“Why do I have to get a lawyer to review the franchise documents? I am not allowed to change anything anyway.” We’ve heard that more than a few times. The question is quite reasonable. First of...

May 22, 2015

So You Want Me To Buy From You?

You’ve got a great business. You think your location is a good one and your staff are friendly and competent. So why when you have all these things going for you do people buy from someone...

May 19, 2015

Understanding ‘Net Worth’ and Unencumbered...

Before you start your search for a franchise you will need to calculate your net worth and unencumbered capital. Many advertisements for franchise opportunities state that you will need a minimum...

May 15, 2015

So You Want To Make A Profit

One of the most common misconceptions of new franchisees is that they expect to make a profit from the first day of opening their franchise doors. This misguided notion sometimes persists...

May 12, 2015

How To Set Up A Successful Home Office

Ten years ago home based franchises were new and rare; today there are thousands of them to choose from in every industry you can imagine. Seen primarily in service business, these franchises offer...

May 8, 2015

Franchise Training Methods Matter

Training in a franchise system is the key means of imparting the franchised business concept to franchisees. It serves as the DNA to replicate the brand from location to location. As such, it is a...

May 1, 2015

Due Diligence: Finding Employees to Staff Your...

No franchisee can run a business entirely on his/her own. No matter how small it might be, you will need at least 2-3 people help perform the day to day operations of the business, even if it’s a...

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