Ontario Sign Manufacturer Capitalizes On Franchise Storefront Growth

PR Web:

With one franchise business for every 450 Canadians, Canada has the second largest franchise industry in the world. Representing over $90 billion in sales annually or 10% of Canada’s GDP, Canada’s franchise industry is a force to be reckoned. According to statistics from the Canadian Franchise Association (CFA), one out of every five dollars spent on goods and services in this country are at a franchise business.

Franchises employ over a million people in Canada and there are over 78,000 individual franchise operations. Most surprising, within the last 5 years, of all the franchises opened in Canada, 86% are under the same ownership and 97% are still in business. The stability of franchise operations is not only attractive to new business owners considering purchasing a franchise business, but to businesses in other sectors that supply franchisees with goods and services.

The province of Ontario leads the rest of Canada in franchising with 56 per cent of all the country’s franchises headquartered in Ontario, mostly in the Greater Toronto Area. As well, 65 per cent of all franchise outlets operate in Ontario. Serving businesses in both Southern and Central Ontario, Calibre Signs, counts many franchise businesses as customers. Located in Whitby Ontario, Calibre Signs, a custom sign business established in 1996, designs, manufactures and installs innovated and effective promotional signs, billboards, store fronts and banners for retail businesses and corporate applications. Over the years, Calibre Sign has enjoyed steady growth, even during the recent economic downturn when many other Ontario businesses have wavered. One of the reasons behind Calibre Signs continuing success is that, in addition to attracting a wide variety of customers from all business sectors, they also count many franchise business as clients. Ontario franchise operations not only survived the recession, they continued to expand, necessitating an increase in spending, particularly in promotion and marketing.

Leave a Comment

Your email address will not be published. Required fields are marked *