Canadian Franchise Magazine is among the most renowned and reliable digital publication that provides latest information, news, videos & expert advice required for buying a franchise business in Canada. Read more to know about them.

1. Things To Consider While Buying A Canadian Franchise
Most of the well known businesses in Canada run on Franchise systems. The factor of ‘brand name recognition’ makes
franchising in Canada popular among the entrepreneurs. However, buying a franchise isn’t a cake-walk as it entails long
processes of research as well as a sizeable about of cost outlay. Below are some of the tips that one needs to adhere to
while buying a franchise-
Firstly, setting up a Canadian franchise business will involve research, i.e., you should know what you are getting into.
Just getting the Franchise would never guarantee you success. It’s equally important to ensure that your business model
has established trademarks, effective distribution systems and enough funds for advertising.
Secondly, do your homework properly. It is important that you are well aware of the franchisors as such as well as the
legal technicalities involved in this type of business as per Canadian law. Don’t just go by the word of the mouth alone.
Just remember, you can always count on the internet to be your savior!
Thirdly, find out about the other franchisees working with the same brand on how they are being treated by the
franchisors. It’s recommended that you talk to good number of franchisees before signing the deal. This will give you a
fair idea of what exactly you’ll be getting into. Learn about how long they have owned the franchise, their take on its
functioning and profitability prospects.
Fourthly, understand your duties! While signing the franchise lease, it’s important to have an adequate and exact
knowledge of the agreement. This may include-
 The royalties that are needed to be paid
 Whether you as a franchisee have some control in the functioning of the business?
Fifthly, know your rights! It’s an accepted fact that in case business opportunities in Canada, future growth will depend
on your decisions. Find out how much leeway you have with the brand. You should also brush up your knowledge with
respect to franchise law in the country.