Loading ...The Last Word On Canadian Franchising
Following on from a breakdown on the financial benefits of the Canadian market yesterday, we have happened upon more evidence that states that more American franchises are looking to Canada.
“A trend appears to be emerging among U.S.-based franchisors to target the Canadian market first for international expansion. A slow-to-recover U.S. economy, combined with Canada’s relative strength during the recession, seems to be luring franchise operators to Canada,” writes Derek Sankey in the Financial Post.
The article restates many of the same points we have been making for a long time. But there is some interesting analysis from a Canadian franchise lawyer.
“I think the word is getting out that Canada is a good place to do business,” said franchise lawyer Larry Weinberg.
It’s more than an issue of proximity. The Canadian economy emerged relatively unscathed from the recent recession. The story talks to the CEO of Top 100 Global Franchise Puroclean who says, “Canada is absolutely the place we need to focus our growth and efforts,” says Keith Gerson, chief executive of Puroclean, which recently hired a Canadian expert to oversee its expansion plans in the country.
That strategy helped push Puroclean into the Top 100 and it seems like it will be a strategy that many other franchises will use in the near future.
You’ll find the best Canadian franchises with Franchise Direct Canada.
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