Opening A Small Biz Can Be Easier By Franchising

Metro Canada:

What do Comfort Keepers, Survivor Bootcamp, PostNet, Reliable Independent Living Services, Canadian Tire and Cora Breakfast and Lunch all have in common?

They’re franchises, which account for 40 per cent of all retail sales in Canada and 10 per cent of the GDP, and employ more than one million Canadians, according to the Canadian Franchise Association (CFA). They attract a diverse group, from former franchise employees and corporate executives, to new immigrants, young entrepreneurs, and women, like Cora Tsouflidou — part of a growing demographic, according to a 2008 national survey commissioned by Gowling Lafleur Henderson LLP.

Divorced with three teenage children to support, Tsouflidou opened her first restaurant in Quebec in 1980. She sold the popular eatery to work at a large establishment where she honed her skills.

In 1987, she debuted Cora Breakfast and Lunch; other locations soon followed. In order to grow her business, build her brand and “teach others her winning recipe,” she chose franchising as her business strategy. Read full article.

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