The franchise industry in Canada has seen explosive growth in recent years as more Canadians look to become entrepreneurs and more brands seek a proven way of expanding their business presence across the country.
The upcoming Franchise Canada Show Toronto, put on by the Canadian Franchise Association (CFA), is intended to help both realize their dreams through the successful franchising model, which contributes over $100 billion per year to the Canadian economy and creates jobs for over 1.9 million Canadians.
Kenny Chan, Vice President, Content & Marketing, Canadian Franchise Association, said the Show answers the call of aspiring entrepreneurs by providing attendees with the opportunities to speak with more than 50 brands and learn from industry experts to gain the knowledge needed to take the first step towards becoming their own boss through franchising.
“It’s the place to go to learn everything you need to know in order to open a franchise successfully,” said Chan.
He said topics covered this year include: How to Select the Right Franchise For You; Fundamentals of Franchise Financing; What Makes a Good Franchise; How to be a Rockstar Woman in a Leadership Position; and, Move Over Millennials – Reaching the Next Generation of Franchisees.
“It’s a one-stop shop for anybody who wants to own their own business,” added Chan.
The Franchise Canada Show is taking place March 26-27 at The International Centre in Toronto. More information can be found here.
Attendees will have the opportunity to meet with franchising professionals, hear success stories from successful franchisees, and attend a variety of free panel discussions to help them on their next career path.
Franchising has garnered the attention of entrepreneurs looking to become their own boss while still maintaining the support of a proven franchise model to take away a lot of the uncertainty.
“Franchising continues to remain strong. As of our last economic impact report, franchising is the 12th largest industry in Canada and contributes over $100 billion to the Canadian economy each year,” said Chan. “Franchising, because it’s a business model, can be found in every sector and industry of business. It’s not just restaurants. It’s also retail. It’s business services. It’s education. It’s automotive. If you can think of an industry, there’s a franchise within it,” said Chan.
“Franchisees are small business owners in their local communities. Altogether, franchising creates jobs for almost two million Canadians. There are over 13,000 franchise brands operating right now in Canada and they range in terms of investment from under $5,000 to over $5 million. It all depends on what kind of franchise it is. With the breadth and depths of diversity in concepts and price points, there really is a franchise for everyone.”
The Franchise Canada Show is the official show of the CFA, a national, not-for-profit association of more than 600 corporate members representing over 40,000 franchise business owners. It began in 1996.
Canadian franchises enable over 76,000 Canadians to be their own boss as the owner of their own small business franchise location.
“With the pandemic and COVID, franchising like every sector in business, was impacted. However, franchising historically booms during times of economic downturns or recessions,” said Chan.
“If you look at the Great Recession of the late 2000s, in Canada we saw a growth in franchising with the number of locations within franchising of 6.5 per cent between 2008 and 2010. And on top of that, historically we see a growth in the number of non-franchised businesses adopting the franchise business model, with a growth of 23 per cent of new brands operating in franchising from 2008 – 2010. Today, we are seeing continued interest from Canadians to own a business. We know that, through the pandemic, interest in self-employment was up 700 per cent with online searches.”
Franchise Canada Shows will also take place this year in Montreal, Calgary, Vancouver with a second Show in Toronto in the fall. More information can be found here.
Throughout the year, the CFA also holds virtual trade shows that are open to all of Canada.
“Since 1996, the Franchise Canada Show has helped thousands of Canadians realize their dreams of building their own successful business through franchising,” said Sherry McNeil, President & CEO at the CFA. “The franchise business model is uniquely positioned to help you get in business for yourself but not by yourself. The upcoming, in-person show is the perfect opportunity to see if franchising is right for you.
“As Canada’s ultimate franchise exhibition and the official show of the Canadian Franchise Association, this is the place to meet face-to-face with leading franchisors, connect with industry experts, attend free seminars, and explore franchise opportunities in every industry and at all investment levels.”
*Franchise Canada Show sponsored this post. To attend it this weekend, register here.