The franchise industry in Canada is second largest in the world with over 76,000 franchise locations and growing each year. Throughout the country, franchising remains the most relied upon small business model, a trend which continues into 2012.
A vast number of small business startups enter the Canadian franchise industry each year. The large number of franchisees seeing their way beyond the five year mark is directly related to the support structure that is renowned throughout the franchise industry. This structure thrives alongside new franchisees interested in expansion. With distinct heritages, each province is a distinguished region with current franchise development potential.
Each month a large number of first-time franchisees and existing franchise systems open new locations to serve new markets and this makes it possible to develop ownership possibilities and avail of higher investment levels. Just a few of the flourishing franchise enterprises include quick service restaurants, real estate, remodeling, education, and family-owned franchises which continue to grow throughout the country.
Franchisees thrive in numerous ways and continue to positively impact communities, especially through their involvement in highly successful fundraising events. One such event held by the CARSTAR franchise in June produced $2 million for cystic fibrosis research with the help of artist Scott Wade, employees, and community members. The fundraiser was the ninth of its kind for CARSTAR and involved 70 events throughout Canada which reveals the support of consumers for innovative and altruistic concepts in the franchise industry.
Canadian consumers spend 1 of 5 dollars at franchise business locations. The diversity of ethnic and cultural backgrounds fuels the success of franchises. Franchise locations thrive amidst vibrant social scenes that respect diversity and that are open not only to brand loyalty but also the alternative spin and ingenuity which can develop with the ambition of creative franchisors and franchisees.
With the franchise industry currently experiencing regular development and even beyond into 2012, maintaining the integrity of franchise systems is a fundamental part of their success in Canada. In 1967 the Canadian Franchise Association (CFA) was developed to establish a Code of Ethics which has been assisting consumers and franchisees with its aim to maintain the integrity of the franchise industry. As such, a number of franchise systems choose to support this aim voluntarily, increasing the stability and excellence of the franchise industry. By promoting an ethical business approach, the CFA supports well-structured and prosperous franchisees.