Grow Your Restaurant Franchise with Off-Premise Sales

The greatest strength of a franchise restaurant has always been its “restaurant experience.” Nothing else compares to an engaging sit-down dining experience consisting of great food, service, and ambiance. And yet, it’s become important for franchise restaurants to offer more to their customers, something that can be accomplished with off-premise sales. For restaurant franchises, off-premise […]

What is a Franchise Fee & Why Are They Important?

Any discussion about joining a franchise will inevitably bring up the defining characteristic about this business model: franchise fees. No matter what you think about the franchise system, franchise fees serve as the basis of the franchisor-franchisee relationship, and for good reason.  This setup might be alarming to prospective franchisees already leery of the many […]

What is Franchise Marketing: Why it Matters to Franchisees

You’re probably got a lot on your mind as a new franchise owner operating your new franchise restaurant. And yet, there’s one more thing you need to keep in mind, and that is franchise marketing.  But as you add this to your long list of priorities, it suddenly hits you: As a new franchisee that […]

How to Write a Business Plan for a Restaurant Franchise

So far, the process of becoming a franchise owner has had you carefully select a franchise, and then sign a franchise agreement. Unless you’re self-sufficiently rich, the next step for you would be to find financial support. And for that, you’ll need a franchise business plan. A franchise business plan is a comprehensive, actionable proposal […]

How much do restaurant franchise owners make?

The question that gets asked the most about becoming a franchise owner is always the same: “How much money can I earn as a franchise owner?” Owning a franchise in Canada offers many clear benefits to entrepreneurs that include operational support and tapping into a loyal customer base, but the issue about earnings can be […]

Licensing Vs Franchising: Which is Right for You?

Licensing and franchising are two popular types of business models that have been the launching point for many small businesses. They both offer new entrepreneurs a degree of safety that comes from the association with a big brand that has an established clientele. However, these two business models are very different from each other.  If […]

The Franchising Model: How Do Franchises Work?

With over 76,000 franchises across the country, franchising is a business model that is widely successful in Canada and throughout the world. A franchise can provide immediate benefits to a first-time small business owner that they would otherwise not receive.  The simplest way to explain franchising is to compare it to following a recipe from […]

When is the Right Time to Buy a Franchise?

Every aspiring entrepreneur knows that buying a franchise is a great business opportunity. Joining a franchise offers benefits like increased brand recognition, franchise assistance, and the opportunity to be your boss. While these facts are well known, a question that often gets overlooked is: When is the best time to buy a franchise? While situations […]

How to Recognize (and Avoid) Franchise Failure

“Failure” is a word that most entrepreneurs would rather not understand. But to achieve the goals that we set for ourselves, it is necessary to be deeply familiar with its meaning. And that’s how it goes for franchising, an industry that – yes, it’s true – does experience failure. As much as we plan for […]

How to Be Resilient During Your First Year as a Franchisee

Joining a franchise is a great business decision. By undertaking this commitment, franchisees have access to benefits that are not available for independent entrepreneurs. However, some franchisees may find themselves ill-prepared for the depth of this commitment in their first year of operation, something that could make for a difficult time. But it doesn’t have […]