Franchise Spotlight: Business
Family-friendly trading hours usually on offer, while many B2B sectors can count on huge demand.
A business franchise delivers products and services to other businesses, and statistics show that there are more than 1.2 million business franchises operating in Canada.
There are multiple services that businesses outsource to third parties because they don’t have the requisite skills or resources to perform the jobs themselves.
Business franchises, or business-to-business (B2B) franchises, offer family-friendly trading hours, so you should have no obligation to work evenings and weekends.
Following this positive trend, start-up costs and overheads are often comparatively low, since so few business franchises require inventory, expensive equipment, or large premises in high rent areas.
This is because a large proportion of business franchises provide professional services like accounting, marketing, and consultancy.
Potential franchisees usually require interpersonal skills, business acumen and a strong work ethic to make the grade, but rarely experience in the industry.
Franchise market analysis
Franchisees at Expense Reduction Analysts (ERA), a cost reduction and supplier management consultancy, can earn residual income from a home office and require no employees.
OrderClix operates in an industry with a high-growth rate, providing food and drink ordering systems for restaurants, bars, and cafes. According to the franchisor, franchisees can earn a $10,000 guaranteed monthly income.
GetintheLoop connects local businesses to customers via mobile applications, emails, push notifications and social media. The franchisor says franchisees generate monthly recurring revenue from what it claims is the fastest growing franchise in Canada.
Launch My Biz (LMB), helps franchisees build their own online store and promises a guaranteed income.
Instant Imprints provides customized t-shirts, embroidery, signs and banners, and other promotional products.
Finally, Minuteman Press, a huge player in the global printing industry with more than 950 locations worldwide, promises multiple revenue streams and capped franchise royalties.