Canada is home to around 1,300 franchise brands that collectively operate 76,000 outlets or offices around the country, market research reveals.

This category is comprised of the dozen franchise opportunities that received the greatest number of enquiries, sent from franchisees via this website, over the previous seven days.

This category is indicative of brands that are piquing the interest of prospective franchisees.

Franchise opportunities can be popular among aspiring franchisees for many reasons. It could be that a brand is well known and regarded, or it’s been in the news recently for favorable reasons.

Many would-be franchises may have had positive experiences as customers or heard glowing reports from existing franchisees.

Perhaps it operates in a sector with some auspicious industry trends and a strong industry growth rate (for example, food delivery boomed during the Covid-19 pandemic). Alternatively, the investment level could be comparatively low, making it a viable option for a large pool of buyers.

Franchise market analysis

If a franchise is generating interest among fellow franchise seekers reflects well on the brand. However, these ‘top franchises’ aren’t necessarily the best franchises or the right fit for you.

You should still be thorough in your due diligence. This should include researching the brand online, seeking advice from trusted experts and submitting your own queries to the franchisor.

If your interest subsequently hardens, there should be a clear process for ensuring that you and the franchise system are suited to one another, with plenty of opportunities to quiz the franchisor and speak to existing franchisees.

You should find out about the training and support on offer, the fees and royalties you must pay, statistics on typical earnings, and how the franchisor plans to exploit opportunities and mitigate threats in its marketplace.