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Canadian Franchise
Statistics and Information -
Canada has the second largest franchise industry in the world, led only by the
U.S. One franchise operation exists for every 450 Canadians
- The
Franchise industry in Canada represents over $100 billion in sales annually and
continues to grow.
- Approximately
1 out of 5 consumer dollars are spent on good and services at a franchise
-
Approximately 76,000 individual franchise operations do business in Canada under
900 different brand names.
- Franchising
employs over 1 million people in Canada or 1 out of every 14 working Canadians
is employed by a Franchise.
- A
Canadian franchise opens every 2 hours 365 days a year.
-
Average franchise fee: $23,000
- Average
franchisee investment: $160,000
-
Of all the franchises opened in Canada within the last 5 years, 86% are under
the same ownership and 97% are still in business
- Ontario
leads the rest of the country in franchising with 56 per cent of franchises headquartered
in Ontario, mostly in the Greater Toronto Area, and 65 per cent of franchise outlets
operating in Ontario.
- Although
the hospitality industry continues to be the largest single sector, comprising
almost 40 per cent of franchised brand names, the franchise industry is active
in over 30 business, service and retail sectors.
-
Franchising is the preferred Canadian small business expansion model
-
Extremely popular among Canadian consumers
-
Canadian marketplace comprised primarily of American and domestically developed
franchise businesses
-
Over 40 different sectors with active franchise businesses, from florists to dry-cleaners
to automotive shops
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Hospitality sector largest sector comprising 40% of the franchise marketplace
-
In recent years, lower cost home-based and mobile type franchises have enjoyed
most growth
- All
Canadian banks have established national franchise departments
-
Canadian Franchise Association - Established in 1967 as a trade association representing
the shared interests of franchisors in Canada . All CFA members voluntarily undergo
due diligence process before acceptance and agree to be bound by the CFA Code
of Ethics. The CFA is also one of the founding member of the World Franchise Council
Canada:
A Growing Economy
Government of Canada
http://www.canadianeconomy.gc.ca/english/economy/#top
- Population: 31 million
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Projected to grow by 2 million in 10 years, and 5 million in 20 years
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Largest demographic are 40-55 year old, (24%) followed by 25-40 (22.5%)
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90% of Canadians live within 200 km of the U.S. border
About
Consumers in Canada -
Baby Boomers - Ages 40 to retirement, huge numbers equals large influence on consumer
trends, aging population, generally at high end of earning curve
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Generation X - Ages 26 to 39, highly educated and skilled workers, entering middle
management, earning more disposable income
-
Generation Echo - 25 and under, children of baby boomers, large numbers, benefit
from wealth of parents
Canada
International - Group
of Eight Industrialized Nations (G8) member
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Founding member of the North American Free Trade Agreement (NAFTA)
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Designated by United Nations as the country with the highest standard of living
seven straight years, 1994-2000
Canada
National Character - Regional
- Georaphically Canada is the World's second largest nation, with 10 provinces,
3 territories and several distinct regional characteristics
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Diverse - Canada is a multi-cultural nation shaped by its history of welcoming
immigrant communities
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Strong American Influence- proximity to the U.S. has caused Canadian culture to
be inextricably tied to American culture
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