Simply put, it has not been a good time for the food and beverage industry. StatsCan says Canadian spending on food service and restaurants reached its lowest point in decades during the second quarter of 2020, dropping below 20 percent of all consumer spending on food.  These days, Canadians are not going to bars and [...]

Investing in a franchise can be a lucrative opportunity when done with the right business. As a new franchisee, you become the latest expansion of a well-known brand name that has a proven track record with its customers. It’s a “win-win” situation where you and the franchiser can achieve your respective goals. As great as the [...]

Of all the various franchising models out there, restaurant franchises are probably one of, if not the most successful. It’s important to understand why, especially if you’re interested in getting involved as a franchise owner. What exactly are the perks and advantages of opening a restaurant franchise, even if you don’t have any restaurant experience? [...]

Plenty of would-be franchisees are so focused on doing whatever it takes to buy a franchise that they fail to factor in when they should actually sell it. While it’s easy to think that one should wait years before giving that any consideration, sometimes it’s beneficial to think of selling a franchise location right from [...]

It takes more than a healthy bank account and ambitious zeal to become a successful franchisee. Oftentimes, it requires dialing things back and putting yourself in check. While confidence, an entrepreneurial spirit and some good old fashioned risk taking are part of the game, there are other lessons to be learned which are far more [...]