Skip to main content

3 Important Aspects To Consider Before Becoming A Canadian Franchisee


Purchasing a franchise is a great opportunity. It is best to tread with a bit of caution and do your research when obtaining the best franchise opportunities by means of a Franchise Directory.

Sure, you have gone through the details and brushed up your knowledge about franchising. However, you might be shocked to know that not everything is black and white. You need to discuss the matter with experienced people and obtain legal assistance before thinking of parting with your money.

Tips For Buying A Franchise

1.      Your Role- You become the business owner, responsible for running the business. It works the same way for the top 10 franchises in Canada too.

2.      Legality- The franchise systems in Canada requires the franchisor operating in Alberta, Manitoba, New Brunswick, Ontario & PEI  to provide their franchisees with the ‘franchise disclosure document (FDD)’ well in advance i.e. at least two weeks before signing of the agreement or asking the concerned individual to pay any sum of money as the franchise fee.

3.       US Franchise Agreements in Canada- Yes! Both the neighboring countries share a great relationship. Yet, it is necessary for the US franchisors to alter their agreements according to the Canadian law while deciding to expand their business into the country via franchisees.


Labels:
Location: Canada

Comments

Post a Comment

Popular posts from this blog

How to Get Started in the Franchise Business

The franchise business is at its best right now, and in Canada, it is expanding with big companies and participants. If you are looking for opportunities in Canadian Franchise to get a break in this business, then the best place to start is learning. As a newcomer, your first disadvantage is lack of experience, but that doesn’t have to mean a lack of knowledge. Don’t let your newbie status get in the way and diminish your chances of success. Franchising business magazines make comprehensive reading materials for anybody looking to get started in the franchise business. This article offers a brief summary of what these magazines take you through in terms of guidance to starters. Is It Right for You? The first question to ask yourself is whether the franchise business is the right context for you to work in. Even before you learn which are the best franchises to buy , you need to know if you are the kind of businessman who likes to grow their business from ground up or want an ...
Post a Comment
Read more

Thinking of Buying a Franchise in Canada - Consider the Cost Factors

Even those among us that are the most inexperienced in setting up and running a business know that there are varying degrees of monetary investments involved in getting any business off the ground. The business model you choose to go with, the kind of business you choose to make your foray into, infrastructure, hiring, and so many factors determine the cost involved in setting up and operating just about any business, including a franchise in Canada . This blog aims to shed light on the subject of monetary investments required to setup and operate a franchisee anywhere in Canada, bearing in mind the nature of the franchise you choose to buy into. Read further for a comprehensive breakdown of the various cost factors you must consider while thinking of buying a franchise in Canada . Franchise Fee When you buy into a franchise, the franchisor is likely to charge you a franchise fee. This is an initial payment that authorizes you to sell the product or service that the fran...
Post a Comment
Read more