The Benefits of Owning a Franchise

If you have a desire to start your own business, a franchise can be the best way to increase your chances for success. As part of a major franchise network, you can expect to benefit from professional marketing, national advertising, and specialized training and centralized purchasing. Statistically, you are more likely to succeed with a well-established franchise than with a non-franchised independent business.

Franchising is an area of business that is enjoying continued growth in North America. But what makes a franchised business a good business opportunity for you?

• A franchise allows you the independence to manage your own business; and it can provide the security of participating in an established business with a successful track record
• In a franchising relationship, there are benefits to both the franchisee and the franchisor. The franchisee benefits from the franchisor's expertise and trademarks, and an already established business format. The franchisor is able to expand the scope and reputation of the franchise with each additional outlet, generating additional value for both parties
• Franchises represent a fast-expanding segment of the retail sector. In fact, franchising accounts for more than 40% of all retail sales in North America.
• According to the Canadian Franchise Association, it is estimated that there are over 1,000 active franchise systems in Canada, represented by over 78,000 franchisees, offering a wide variety of products and services