Franchising has been, and continues to be, a growing sector in Canada due to its proven business model, ongoing support, and vast network which can be especially important in the current environment. While some franchisees dive head-first and start with multiple locations, most take the traditional approach and start with one location with the goal of opening more. Whichever path one takes to multi-unit ownership, there are several factors to consider. Due diligence One of…
By Joseph Pisani Franchising is incredibly important to Canada and its economy, and it is seeing tremendous growth, giving rise to the number of multi-owner franchises—or what this author calls “the serial franchise owner.”
By Peter Snell For many, all contracts may look the same, or at least similar; therefore, it may be hard know if the agreement meets one’s needs. Are franchise agreements really all the same? The short answer is no, they are not.
By Steven Kramer
Q: What management problems do you see with multi-unit franchise ownership? A: With multi-unit franchising scenarios, franchisors will often reduce the fees and royalties for the franchisee, who can also save further money by employing fewer ‘back-of-house’ managers to oversee operations.
By Blake Mitchell
Navigating the competitive business landscape as a franchisee requires significant dedication, time, planning and hard work. Once they are established as single-unit franchisees, many individuals consider growing their business to multiple locations and, thus, operating as multi-unit franchisees.
By Wayne Maillet Q: How does multi-unit franchising work? A: Franchising offers a variety of different opportunities for a franchisee to grow beyond a single unit and generate revenue from multiple locations.
By Sam G. Hamam Q What is multi-unit franchising? Sam says: As a multi-unit franchisee, you enter into an agreement with a franchisor to open and operate a number of franchises in a certain geographical area, according to an agreed upon schedule.
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