3 Most Successful Franchise Businesses to Eye in Canada

Each year, franchise magazines and websites release their respective versions of the top 10 in franchise business. These lists cover businesses across Canada and the world, handpicking them by records and numbers. Out of hundreds, only 10 businesses can make the top 10! The metrics of rating vary from one list to another. In most cases, the companies are vetted on price, reach, branding, longevity, sales, overall performance, profits, etc. These lists are goldmines for beginners who could use some help or advice before buying a franchise in Canada. So, to help you shortlist the most successful businesses to franchise with in Canada, here are the top three of 2018.

Tim Hortons

In its founding country, Tim Hortons is going great. In fact, so highly successful is this home-grown business that it is currently ranked number one in the list of top franchises, and that doesn’t change much between lists. As of today, Tim Horton has 3500 units all over Canada, and the company is openly inviting franchisees to up that record count. Founded back in 1964, this coffee chain has grown to be the favorite of Canadians in all provinces. Outside Canada, the company operates in 9 different countries. With a network of 4613 units, Tim Horton keeps the world well caffeinated with its delicious home-brewed coffees and lattes. More branches are soon to pop up in other parts of the world, including Wales, Northern Ireland and England. In 2016, the company made a revenue of a whopping $3 billion.

Subway

The US-born sub joint which revolutionized street food is still among the top few, not just at home, but also in the neighboring countries. In Canada, it is currently the second-best company to franchise with. Born in the US in 1965, the chain made its way to Canada 21 years later. From that first store in St. John’s, Subway now has 3032 units nation-wide. In 2017, Subway, the brand was valued $7.1 million by Forbes Magazine. So, if you are into the restaurant industry and are spoilt for choice, Subway is a great brand to start your franchising career with. Particularly in Canada at this point, Subway offers some of the best franchise opportunities.

McDonald’s

It is no surprise that McDonald’s is one of the top 3 franchise companies in Canada. Another US-born restaurant chain to cross borders and find success and glory in a foreign nation, McDonald’s is to this day unrivaled by the gamut of chains that popped up later to challenge its monopole over the market. This multi-national chain has about 1400 units in Canada alone. The first shop McDonald’s opened in Canada was in Richmond, British Columbia in 1967. In the 60 years that ensued, the stores have multiplied rapidly, capturing markets as it went.

So, if you looking to start a franchise in Canada, here are your top choices in order of appearance. Do feel free to explore others in the top 10 to broaden your options.

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Canadian Franchise Magazine is a digital publication offers several Franchise opportunities in Canada. Our magazine gives latest news, expert advice, and franchising information.

Canadian Franchise Magazine is a digital publication offers several Franchise Systems in Canada. Our magazine gives latest news, expert advice, and franchising information.