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Canadian Franchise Attorney Calls Franchise Ownership "Renting A Business"


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Canada has a thriving franchise industry, and a Canadian franchise attorney Tony Wilson points out 3 advantages of franchise ownership;

  • Training in the business model. "They're training you to use their
    system; training is a huge component in franchising," Wilson says.
  • Access to a trademark and brand advertising. "That's what franchisees should expect — to get the benefit of the brand."
  • Joint purchasing power. "If you're in a buying group with 16 other
    restaurants, you're going to get your food cheaper than if you're one
    restaurant buying your product by yourself," Wilson explains.

Wilson recently wrote, "Buying a Franchise in Canada: Understanding And Negotiating Your Franchise Agreement." Some of the franchise laws in the book only apply to Canadian franchisors.

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Wilson also said that "You never own the business, really. You're just renting it from somebody else." Article

If you have been reading my articles for awhile, you know that I am not a card-carrying member of the International Franchise Association, and that I show both the positive and the negative sides of franchising.

I must say that I totally disagree with Mr. Wilson's statement. You are not "renting a business," when you buy a franchise. You are buying a system, and if you are a good fit for that particular franchise concept, you go in with enough working capital, and you follow the plan, (Which you found out was a good one, because you did superb research) then you have a reasonably good chance of small business ownership success.

Renting a business? Great statement to increase readership of that article, but not true, Tony…

What do you think? Are you "renting a business" when you purchase a franchise?

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joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes. For over 20 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

“I've been a fan of Joel's for years. He's picked a niche and made himself the undisputed expert. I'd recommend him to anyone looking to start a franchise. "
- Gene Marks, Business Expert, Keynote Speaker
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