If you’ve been dreaming of starting your own business, the franchise business model could be just what you need to help make that dream come true. As a franchise owner, you have the independence to run your own business, with the support of an established franchise system behind you.
This Ultimate Guide to Buying a Franchise issue will not only introduce you to the ins and outs of the franchise business model, but will also help you hone in on the perfect franchise opportunity, along with the right franchise professionals, so you can make the best investment decision and increase your chances for success.
This Ultimate Guide will take you through the entire franchise purchase process, from how to research your franchise options and conduct the proper due diligence, to how to work with your support team of franchise experts, especially when it comes to franchise disclosure.
We provide the Checklist for Franchisees, a compendium of every question you should ask throughout the process, along with top tips to help you get started. And, if you’re wondering about the financial outlook for your franchise, you can read the “How Much $$ Can I Make” resource.
If you’re under 35, it’s worth noting that more and more young entrepreneurs are turning to the franchise business model to kick-start their business careers. We’re share the stories of three young franchisors who have been recognized as International Franchise Association NextGen in Franchising Global Competition Grand Prize winners for their strong and innovative franchise concepts.
We also introduce you to 30-year-old Barmil Mallhi, who became A&W Food Services Inc.’s first-ever Urban Franchise Associate when she opened her doors in west-end Toronto in February. Mallhi shares how this unique business model is helping her live out her dream of operating her own business.
This issue explores some of the hottest categories in franchising, including a close look at health and fitness franchises, and top tips for new food service franchisees. We’ve also mapped out a range of home improvement franchises from coast to coast, from re-organization and staging services to disaster restoration, painting, flooring, and so much more.
For examples of how franchising can put you on the path to success, check out TWO MEN AND A TRUCK – Canada franchisee Paul Bolté explains his community-minded approach, and Speedpro Signs franchisee veteran Ernie Whitrow, who outlines the value of working with a franchise team.
As you embark on your franchise search, remember that CFA has the resources to help, including the www.LookforaFranchise.ca website, where you can find listings for hundreds of CFA member franchise systems, along with the online forms to connect you with the right franchise representatives.
With expert advice, exciting opportunities, and engaging franchisee success stories this issue has everything you need to navigate your franchising journey. We wish you the best of luck as you set out to turn your business dreams into reality!