What were the top franchise opportunities in Canada in 2022? Check cost and other Details

Top Franchise Opportunities in Canada in 2022:

  1. Tim Hortons
    • Type: Food & Beverage (Coffee & Donuts)
    • Estimated Initial Investment: CAD 500,000 to CAD 1.5 million
    • Steps:
      • Submit an online inquiry or application.
      • Complete the franchise disclosure document (FDD).
      • Attend a discovery day.
      • Finalize financial arrangements and sign the franchise agreement.
  2. The UPS Store
    • Type: Retail/Service (Postal & Business Services)
    • Estimated Initial Investment: CAD 150,000 to CAD 500,000
    • Steps:
      • Apply through the UPS franchise website.
      • Review franchise disclosure and financial requirements.
      • Attend training and orientation.
      • Open the store after site selection and setup.
  3. McDonald’s
    • Type: Food & Beverage (Fast Food)
    • Estimated Initial Investment: CAD 1 million to CAD 2.5 million
    • Steps:
      • Submit an application online.
      • Undergo an interview and review process.
      • Complete extensive training.
      • Invest in location and operational setup.
  4. Tutor Doctor
    • Type: Education (Tutoring Services)
    • Estimated Initial Investment: CAD 70,000 to CAD 110,000
    • Steps:
      • Fill out an inquiry form on their website.
      • Participate in a discovery day.
      • Review the franchise agreement.
      • Set up your location and start operations.
  5. Menchie’s Frozen Yogurt
    • Type: Food & Beverage (Frozen Yogurt)
    • Estimated Initial Investment: CAD 250,000 to CAD 500,000
    • Steps:
      • Submit a franchise application.
      • Attend an introductory meeting.
      • Complete the training and acquire necessary funding.
      • Open the location following training and site approval.

Cost Breakdown

  • Franchise Fee: Generally between CAD 25,000 to CAD 75,000, depending on the brand.
  • Initial Investment: Can range from CAD 70,000 to over CAD 2 million depending on the franchise type.
  • Ongoing Royalties: Typically 4% to 8% of gross sales.

Each franchise may require different commitments regarding site selection, training, and operational costs. Make sure to review the franchise disclosure document and consult with a franchise attorney before moving forward.


Disclaimer: The information provided on https://worldbusiness.blog/ has no guarantee of accuracy. Always conduct your own research and consult with experts before making any business decisions.

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