How To Grow Your Food Franchise
Congratulations, you’ve made it: You’ve transitioned from owning one restaurant to several as a newly minted food franchisor. It’s taken a lot of hard work and perseverance to get to this point, but your journey isn’t over yet. In fact, in many ways, the hard work has only just begun… Operating a chain of restaurants […]
How Your Franchise Can Retain Online Customers After The Pandemic
It’s been difficult, but you’ve adapted to these hard times. You’ve found a way to make your franchise profitable by taking your business online. And now that multiple jurisdictions are repealing lockdowns while infection rates plummet, you’d think you’d be happy. But no—now you have a new problem. “What is my primarily offline business going […]
How Do Franchise Agreements Work
Deciding to become a franchisee is an important decision that carries a lot of responsibility. By joining an established brand, you stand to benefit by selling tried-and-true products and services to an established customer base. In order to do this, you’ll need to sign a “franchise agreement,” an essential document that clearly defines the relationship […]
How to Successfully Run a Franchise Restaurant
Becoming a restaurant franchise owner has the great advantage of giving you the chance to join a successful formula. As the franchisee, you’re joining an established brand with a proven track record; you’re offering a menu that is already popular with diners, and presenting a dining experience already familiar to loyal customers. But for all […]
Opening a Sports Bar in 2021: What You Need to Consider
Simply put, it has not been a good time for the food and beverage industry. StatsCan says Canadian spending on food service and restaurants reached its lowest point in decades during the second quarter of 2020, dropping below 20 percent of all consumer spending on food. These days, Canadians are not going to bars and […]
Questions To Ask When Buying A Franchise In Canada
Investing in a franchise can be a lucrative opportunity when done with the right business. As a new franchisee, you become the latest expansion of a well-known brand name that has a proven track record with its customers. It’s a “win-win” situation where you and the franchiser can achieve your respective goals. As great as the […]
Why A Restaurant Franchise Pays Dividends All Year Round
Of all the various franchising models out there, restaurant franchises are probably one of, if not the most successful. It’s important to understand why, especially if you’re interested in getting involved as a franchise owner. What exactly are the perks and advantages of opening a restaurant franchise, even if you don’t have any restaurant experience? […]
Understanding When To Sell Your Franchise
Plenty of would-be franchisees are so focused on doing whatever it takes to buy a franchise that they fail to factor in when they should actually sell it. While it’s easy to think that one should wait years before giving that any consideration, sometimes it’s beneficial to think of selling a franchise location right from […]
Life Lessons From Big-Time Franchises
It takes more than a healthy bank account and ambitious zeal to become a successful franchisee. Oftentimes, it requires dialing things back and putting yourself in check. While confidence, an entrepreneurial spirit and some good old fashioned risk taking are part of the game, there are other lessons to be learned which are far more […]
4 Things Franchisors Consider When Choosing A Franchisee
As a potential franchisee looking to get started in the business, the prospect must seem exciting and full of opportunity. There’s a reason for that, as franchise models have a proven track record of success that can be translated and duplicated the world over. Here in Canada, franchisees have loads of opportunities to build their […]