The Top Franchises in Canada to Invest In

7 Canadian Franchises That Are Worth the Investment

As a first-time franchisor, one of the most difficult parts about starting a franchise is choosing the right franchisor to invest in. With hundreds of franchise opportunities throughout Canada across all industries, it’s important to do your due diligence and choose a franchise with startup costs you can afford along with extensive training and support.

To help you narrow down your search, we have broken down the seven best franchises in Canada for franchisees to invest in, focusing on the required initial investment and level of franchisor support.

Keep reading to find out which Canadian franchises you should consider investing in.

1. Tim Hortons

Founded in 1964, Tim Hortons is Canada’s number-one coffee chain and is an iconic symbol of Canadian culture.

With 4,800 locations across Canada and worldwide and $1.67 billion in revenue last quarter, Tim Horton’s is one of the most profitable and recognizable franchises in the country.

Investment Requirements

Tim Hortons requires all franchisees to have a net worth of at least $1.5 million, along with a minimum of $500,000 in liquid assets. The Tim Hortons franchise fee also ranges from $25,000 to $50,000.

Support Provided by Franchisor

Tim Hortons provides the following types of support to all its franchisees:

Built-in ongoing training and support across all aspects of the business
Numerous funding sources
Support from Restaurant Brands International

2. Mr. Lube Canada

Mr. Lube is one of Canada’s most successful automotive franchises, with over 170 locations across Canada since the franchise was first established in 1976. Most of Mr. Lube’s franchises are located in Ontario and Alberta; however, the franchisor does allow franchisees to set up locations across Canada.

Investment Requirements

Starting a Mr. Lube franchise requires a hefty investment that ranges between $1.8 million and $2.2 million. Prospective franchisees must also prove to the franchisor that they have cash equity of at least $800,000.

Support Provided by Franchisor

Mr. Lube offers the following benefits to all franchisees:

Access to established operating systems
National purchasing strength through programs and pre-existing partnerships
An extensive franchisee support team
Access to industry-leading training programs
Conversion opportunities

3. Pet Valu

Founded in 1976, Pet Valu has rapidly expanded its operations over the past decade and now has 360 franchise locations, making it one of the largest, most recognizable pet store chains in all of Canada.

Investment Requirements

The cost of franchising with Pet Valu typically ranges between $300,000 and $600,000, and prospective franchisees are required to have a minimum net worth of $400,000 plus liquid assets of at least $150,000.

Support Provided by Franchisor

Pet Valu provides its franchisees with extensive support in the following areas:

Store set-up and design
Leasehold upgrades supervision
Store equipment ordering and installation
Shelf stocking and merchandising
Grand opening
Inventory control and vendor relationships
Expired food coverage
Purchasing and warehousing
Industry-leading private-label programs
Local marketing
Royalty relief during start-up

4. Petro Canada

Petro Canada is one of Canada’s largest fuel companies (it has 1,500 retail and wholesale locations across Canada) and can be incredibly lucrative for prospective franchisors if you can afford the high startup costs.

Investment Requirements

The start-up costs required for starting a Petro Canada franchise can vary depending on the size of the operations. However, franchisees are expected to pay between $1.5 million to $6 million as an initial investment.

Support Provided by Franchisor

Petro Canada provides store owners with some support, with the franchisor offering the following types of support:

Planning new sites with innovative site design
Convenience store planning – planning, designing, and equipping stores to optimize sales and improve customer experience.

5. Canadian Tire

Founded in 1922, Canadian Tire has since grown to become one of Canada’s largest retailers. With over 1,686 locations nationwide and $3.7 billion in profits last quarter, Canadian Tire can be an incredibly profitable franchise to invest in.

Investment Requirements

Canadian Tire requires its franchisees to invest either a minimum of $125,000 or up to 25% of the value of store and fixed assets.

Support Provided by Franchisor

Canadian Tire has what it describes as a “world-class” training program for franchisees that includes a strong support system of coaches and mentors.

Canadian Tire also provides franchisees with ongoing support when it comes to real estate, the supply chain, store products, mass marketing, and more.

6. Boston Pizza

Boston Pizza is one of Canada’s largest restaurant chains, with locations in almost every large Canadian city. Founded in 1964, Boston Pizza currently has 380 locations across Canada.

Investment Requirements

Boston Pizza requires an initial investment of $1.5M to $2.6M, along with a $60,000 franchise fee.

Support Provided by Franchisor

When franchising with Boston Pizza, restaurant owners will get access to the following:

Award-winning marketing programs
World-class training and ongoing support

7. Gorilla Bins

Founded in 2014, Gorilla Bins is Ontario’s leading waste management business with several locations across the Greater Toronto Area.

Over the past five years, Gorilla Bins has achieved a sales growth rate of 328% and built a track record for helping build many successful franchises across the province.

Investment Requirements

Gorilla Bins requires all prospective franchisees to have minimum liquid assets of $100,000 along with a minimum net worth of $250,000.

Support Provided by Franchisor

Becoming a Gorilla Bins franchisee, means more than becoming your own boss. You also become part of our growing family of highly successful business owners dedicated to supporting one another and helping each other to grow. The Gorilla Bins franchise start-up package, together with our industry-leading training program, teaches everything you need to know about leading a successful waste management operation, from attracting clients to providing excellent waste disposal solutions.

A complete orientation on the Gorilla Bins franchise business model
Comprehensive training on waste management, bin solutions, and business development
Access to the dedicated Gorilla Bins technology platform
Ongoing business coaching and sales support, led by executives with decades of industry experience
Preferred relationships with Waste Transfer Solutions for a turn-key waste management and disposal operation
Gorilla Bins equipment and branded vehicle wraps
Discounted fuel program

Interested in joining the Gorilla Bins family of franchises? We’d love for you to join us. If you think you’d be a good fit, Contact our team today to learn more about franchising with Gorilla Bins and how we can help set your franchise up for success.