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Top 10 Travel Franchise – 2021-02-26 00:00:00 2023-02-07 00:00:00 https:///ca/resources/starting-a-business/best-franchises-in-canada/ Starting a business English Discover the 24 best franchises in Canada that have been founded in the country and offer business opportunities for the future. https:///oidam/intuit/sbseg/en_ca/blog/images/best-franchise-canada-photo-qbo-ca-desktop.jpeg https://https://///ca/resources/starting-a- business /best-franchises-in-canada/ 24 of the Best Franchises in Canada | Canada
When determining future career paths, many people think that there are only two options available to them – work for yourself, or work for someone else. Whether you’re self-employed or a small business owner, this mammoth undertaking may not be as tempting to others as it is to some. But neither does it work for anyone else.
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However, operating a franchise location can provide the perfect combination of both. The franchise market allows business-oriented individuals to build a location and operate a business with an existing infrastructure and a large customer base.
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If you are looking for the best franchises in Canada that are born and bred in the country, then look no further than the list of Canadian franchises that encapsulates these 24 companies below.
One of the most famous Canadian brands in the world, Tim Hortons is also the largest Canadian franchise in the country. Founded in 1964 by Canadian hockey player Tim Horton, the franchise boasts more than 4,800 locations in 14 countries. Therefore, the coffee giant has become one of the most profitable franchises in Canada.
This industry leading company offers business enthusiasts great franchise opportunities for the future. To meet the minimum financial requirements to become a franchisee, you must have a net worth of $500,000 and unencumbered funds of $100,000.
In terms of food franchises, Canada Bread runs the largest commercial bakery operations in the country. Founded in 1911, the Canada Bread franchise has more than 900 locations to its name. In 2014 it was acquired by the commercial bakery giant Grupo Bimbo, which operates in 32 countries around the world.
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To franchise with this brand, you need to go through the Canadian branch of operations, known as Bimbo Canada. This franchise opportunity requires unencumbered cash of a minimum of $30,000. However, depending on the location, this cash requirement can jump to $300,000.
Pizza Pizza has been making delicious pizzas in Canada since its establishment in 1967. Now, this famous pizza company owns more than 750 locations across the country. As one of the best food franchises in Canada, Pizza Pizza has some great business opportunities for those interested in the pizza industry.
The Pizza Pizza franchise requires a minimum of $100,000 from the franchisee to open a new location. This cash requirement may increase depending on the location of the franchise and whether or not it is an existing or new location. However, Pizza Pizza offers financial assistance to those qualified franchisees if they need it.
The travel company, Marlin Travel, was first established in 1987, but was acquired by Transat Distribution Canada in 2006. Therefore, this company is one of the largest distributors of vacation travel sales in the country.
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Therefore, Marlin Travel is one of the leading travel franchises in the country. An initial investment of $100,000 to $150,000 is required to become a franchisee, with a franchise fee of $3,000 and royalties of 3% of gross sales.
As one of the best franchises in Canada operating in the automotive industry, it owns a franchise Mr. Lube can be a lucrative endeavor. Established in 1976, this Canadian company now has more than 480 locations across the country.
To acquire business ownership of this automotive service franchise, prospective franchisees are required to possess cash equity of more than $800,000. Many of the current franchise opportunities are located throughout the Ontario and Alberta; however, the company has a presence in almost all provinces throughout the country.
Since 1999 Booster Juice has been making delicious and healthy smoothies for its Canadian consumers. Although this company is one of the youngest establishments on the list, it has grown to more than 400 locations throughout the country.
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As for Canadian franchisors, the company has a relatively good buy-in for franchisees. To open a Booster Juice franchise, this franchise opportunity requires at least a minimum net worth of $375,000, as well as a ten-year commitment, as dictated by the terms of the franchise agreement.
The first Boston Pizza opened in 1964, and since then, this Canadian franchise has established more than 390 locations across the country. This popular restaurant and bar is the number one casual dining brand in the country.
Boston Pizza offers one of the most profitable franchises in Canada, illustrated by the fact that its franchise locations do, on average, gross sales of more than $2.8 million. This franchisor has also extended 0% royalties on alcohol sales to its new business partners.
Gas+ falls under the Canadian Tire brand, but offers franchise opportunities separate from the company’s main depot stores. This franchisor of the automotive industry owns more than 290 locations in all provinces.
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The Gas+ franchise offers purchase opportunities that are lower than other franchises, with an initial investment requirement between $30,000 to $70,000. But first, franchisees must establish a separately incorporated company in their name as part of the legal agreement with Canadian Tire.
Pet Valu is one of the most profitable franchises in Canada when it comes to the pet industry. Founded in 1976, this Canadian franchise operates in more than 360 locations and aims to have a presence in every province.
Franchising with Pet Valu can cost anywhere between $300,000 to $600,000. Therefore, eligible franchisees are expected to have a minimum net worth of $400,000 and liquid assets of $150,000 before they they can be considered for partnership.
Another leading Canadian franchise in the auto industry, Belron Canada was first founded in 1965 and began franchising under its brand in 1982. Currently, there are approximately 350 franchises in Canada and in 30 other countries that operate under this name, and the Belron. International brand.
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About $700,000 is needed to finance a network of glass replacement points, as well as covering the franchise fee that is based on the revenue of the locations.
Country Style Food first opened its doors in Toronto, Ontario in 1962. This coffee and donut company operates primarily in Ontario and owns over 300 locations in the province.
The franchise fee is $35,000, and a necessary cash investment of about 35% to 40% of the total cost of opening operations, which varies depending on the location. The initial period of the franchise agreement is 10 years, with two 5-year options available. Royalties are a standard percentage of business franchises, sitting at 4.5% of gross sales.
Thai Express is the leading quick service Thai restaurant in the world and one of the first franchise opportunities in the country. The food company is working with the MTY Group to help with their franchising needs. Founded in 2000, with nearly 300 locations, this is one of the fastest growing franchises in Canada.
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Prospective franchisees of a Thai Express location can choose between a mall unit or a street location. However, a franchise fee of $30,000 is required, as well as a 10-year agreement and royalties amounting to 6% of gross sales. Initial investments can generally be anywhere between $385,000 and $550,000.
Yogen Früz Canada was first established in 1986 and has since grown into an international operation boasting more than 1,300 locations in more than 40 countries.
Franchise opportunities with Yogen Früz start with a non-refundable franchise fee of $25,000. From there, future franchisees must have available $150,000 to $500,00 of capital. They will claim a royalty rate of 6% of gross local sales, with a national marketing fee in Canada of 3% of gross sales.
Opening its doors in 1959, Harvey’s now has over 270 locations across Canada and has become one of the best hamburger restaurants in the country. This makes it one of the most popular and best food franchises in Canada. However, the acquisition is steeper than other franchises operating in the food industry.
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If you are interested in opening a Harvey’s franchise location, then you must possess the cash requirement of $350,000 to $500,000. Ultimately, Harvey’s brand owners are looking for potential franchisees with a net worth of $1 million to 1.5 million.
M&M Meat Shop offers franchise opportunities from the West Coast to the East Coast, with locations in every province. Founded in 1980, this popular meat producer now has more than 285 locations to its name. Prospective franchise candidates can choose to invest in a new store or a re-franchised store depending on their price point.
Opening a new store site will require $350,000 to $450,000 to cover construction costs and another minimum of 50% of total unencumbered funds. For a re-franchised location, you can expect to invest anywhere between $100,000 to $500,000 depending on the performance of the location and must own a minimum of 50% of the total unencumbered funds.
Freshii is the youngest franchise business on this list, but it’s not the least. Founded in 2005, the Freshii brand has grown to nearly 500 locations in 17 countries in less than 15 years.
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The Freshii franchise requires a total investment of between $170,000 and $470,000, including a franchise fee of $30,000. The franchise
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