Elite Franchise Canada’s Post

The fiscal-community impact of Canadian franchising Franchise-related activities again expected to generate billions in provincial and territorial taxes this year, according to the CFA (Canadian Franchise Association). 📚Read the full article here: https://lnkd.in/eVErWPKr @Lou Gervasi, CFE ✅ #franchising #franchisee #businessgrowth

A common misconception I hear often is that franchising is mostly fast food. Quick-Service Restaurants (QSR) get a lot of attention and to be fair, there are some massive brands in the space but they represent less than a quarter of the total franchise industry. According to research by FRANdata in the International Franchise Association's 2024 Franchising Economic Report: QSR's are expected to reach 199,808 establishments by the end of 2024. Total franchise establishments across all industries are expected to reach 821,589 by the end of 2024. That means that QSR's are sitting at a little over 24% of all franchise establishments. So what else is out there? Commercial Services. Residential Services. Real Estate. Personal Services. Pets. Children's education. Automotive. And more. There's a lot more opportunity than most people realize! #franchising #businessownership #franchise

It's crucial to understand the true costs of franchising before diving in! 🌟 Our latest article from Ryan White Co-Founder of We Love Pets, provides essential insights into the financial commitments and hidden expenses that potential franchisees must consider. From initial fees to ongoing royalties and marketing costs, get the complete picture to make informed decisions. This in-depth analysis will help you navigate the financial landscape of franchising with confidence. 🔔Subscribe to the UK's leading franchise news platform here: https://lnkd.in/eBbdRfKE 📚Read the full article here: https://lnkd.in/eUMvQRYR #Franchising #BusinessCosts #FranchiseInvestment #FinancialInsights

If you're a franchisor approaching the end of a franchise agreement term, it's crucial to evaluate whether to renew the franchisee's agreement. This decision isn't just about maintaining brand continuity—it's also about safeguarding your brand's reputation and supporting its growth. A well-structured renewal process, based on clear and comprehensive criteria, is essential for the continued success of your franchise network. Franchisees should communicate their intention to renew within a reasonable timeframe, typically 6 months before the agreement expires. If you decide to renew, you may charge a renewal fee, often a percentage of the original upfront fee. For more detailed insights, check out the full article: https://bit.ly/4cHgKnZ #franchise #renewal #Agreement

Houston-based Shipley Do-Nuts will expand its presence in Florida and Tennessee under a 22-unit franchise agreement with the hospitality arm of private investment platform Virentes Partners Group. #franchising https://lnkd.in/drjHzaWn

📰 INDUSTRY NEWS: Cadence Franchising Reaches the 50 Brands Served Milestone Within 2 Years of Launch Cadence Franchising, an agency dedicated to helping franchisors achieve excellence in franchise development, recently announced a milestone reached—50 franchise brands served in two years. The significant milestone validates the industry’s need for the modern solution offered by the company. Read the full story here: https://lnkd.in/eu--RjEz – – – – Do you have exciting news? Share the latest initiatives, company celebrations, success stories, and more from your franchise system with the CFA to be featured in the Industry News on Franchise Canada Online. Send your press releases to editor@cfa.ca to get started. #CFAGrowingTogether #Franchising #IndustryNews

One of the drawbacks (in some people's mind) of franchising is that it can be somewhat restricting. A recent real-world example of why those restrictions can actually be beneficial has played out in Canada over the past few days. Franchisors have to take a system-view of everything and they have a responsibility to all of their franchisees to maintain brand equity; sometimes that requires them to take action against franchisees who are directly putting the brand reputation at risk (as in this scenario). Seeing restrictions in a franchise agreement can be unsettling at first glance but when you (as a franchisee) are substantially investing your capital and time into the brand, you want to make sure the brand is going to help protect your investment. #Franchising #Franchise #BrandReputation #BrandStandards

The debt financing market for franchise companies is ever-evolving. Current trends impacting growth include the explosion of private credit, economic uncertainty, and industry-specific shifts. Click below for expansion of our five key trends that franchisees need to be aware of in the market today. https://lnkd.in/gpXEtyrd   1. Increased Availability of Financing Options 2. Growth in Multi-Unit Franchising 3. Specialized Franchise Financing Programs 4. Use of Leverage 5. QSR versus Fast Casual and Casual Dining #debtfinancing #finance #franchising #franchisee #qsr #fastcasual #multiunit #casualdining

I recently had the privilege of speaking with Joe Halpern of Franchise Times on the current M&A landscape in franchising.   We explored how the evolving market dynamics are influencing opportunities and seller expectations.   Read more about our insightful discussion using the link below.   https://lnkd.in/eAmYPX4b   #Franchising #PrivateEquity #M&A

If you are a franchisor or a franchisee, it is important to be updated on the upcoming changes to the franchising Code of Conduct. The new Code contains a number of changes which will significantly increase the compliance burden and risk for the franchisors. The new Code is set to commence on 1 April 2025, franchisors may need to redraft the franchise agreements before that date to avoid penalties. Read more here: https://bit.ly/41Gixb1 #franchising #franchisingdispute