Here are some of the best franchises to consider opening in Canada, along with their costs and details:
1. Tim Hortons
- Initial Investment: $500,000 – $1.5 million
- Royalty Fees: 4.5% of gross sales
- Franchise Fee: $35,000
- Support: Comprehensive training and marketing support
- Requirements: Previous business experience, financial stability
2. McDonald’s
- Initial Investment: $1 million – $2.3 million
- Royalty Fees: 4% of gross sales
- Franchise Fee: $45,000
- Support: Extensive training program, marketing assistance, and operational support
- Requirements: Significant financial resources, strong management skills
3. Subway
- Initial Investment: $116,000 – $263,000
- Royalty Fees: 8% of gross sales
- Franchise Fee: $15,000
- Support: Training, marketing support, and operational guidance
- Requirements: Entrepreneurial spirit, ability to work long hours
4. The UPS Store
- Initial Investment: $150,000 – $300,000
- Royalty Fees: 5% of gross sales
- Franchise Fee: $29,950
- Support: Ongoing support with marketing and operations
- Requirements: Strong customer service skills, financial capability
5. Papa John’s Pizza
- Initial Investment: $130,000 – $800,000
- Royalty Fees: 5% of gross sales
- Franchise Fee: $25,000
- Support: Comprehensive training, ongoing operational support
- Requirements: Strong business background, willingness to follow the brand model
6. RBC (Royal Bank of Canada) Investment Franchise
- Initial Investment: Varies by location
- Royalty Fees: Commission-based (performance-driven)
- Franchise Fee: N/A (investment-related business)
- Support: Full training, access to a range of financial products, marketing support
- Requirements: Background in finance, strong customer relationships
7. Sport Clips Haircuts
- Initial Investment: $250,000 – $400,000
- Royalty Fees: 6% of gross sales
- Franchise Fee: $59,500
- Support: Training, marketing materials, and ongoing operational support
- Requirements: Ability to manage a service-oriented business
8. Shack Shine
- Initial Investment: $150,000 – $200,000
- Royalty Fees: 6% of gross sales
- Franchise Fee: $50,000
- Support: Comprehensive training, marketing support, ongoing assistance
- Requirements: Strong work ethic, ability to lead a team
9. Jan-Pro Cleaning Systems
- Initial Investment: $2,500 – $50,000 (low-cost entry)
- Royalty Fees: 10% of gross sales
- Franchise Fee: $4,000
- Support: Ongoing support, marketing, and operational guidance
- Requirements: Entrepreneurial mindset, strong organizational skills
10. A&W Canada
- Initial Investment: $300,000 – $1.4 million
- Royalty Fees: 5% of gross sales
- Franchise Fee: $35,000
- Support: Extensive operational, training, and marketing support
- Requirements: Proven business experience and the ability to handle operations
Disclaimer: This information is intended for general purposes only and does not guarantee the accuracy or profitability of any franchise opportunity. Always conduct thorough research before making any business decisions.