Franchisors Have To Hunt For Financing

July 28, 2010 by Cris | 0 Comments

Montreal Gazette:

Anywhere there are hungry university students, you will find Ryan Smolkin. “That’s my feasibility,” he says.

The 36-year-old entrepreneur launched a fast-food chain of poutine restaurants in Toronto 18 months ago and the growth has been insatiable. “It just exploded on me,” Mr. Smolkin says. “I was immediately in expansion mode.”

Serving 22 kinds of poutine, Smokes Poutinerie is now launching its 10th franchise location in Kingston, Ont., having already set up shop around Toronto, London, Ont., Ottawa and at Mont Tremblant, Que., near Montreal.

For Mr. Smolkin the problem isn’t finding an appetite for his product, but rather finding enough money to fuel the rapid growth of his company. Read more.

Photo: Brett Gundlock, National Post, Financial Post.

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