If you’ve ever dreamed of owning a small business but have no clue where to start, you might want to consider a Canadian franchise opportunity. Many business opportunities have low initial investment costs. By starting a franchise rather than a startup, you aren’t purchasing a business; you’re just renting the business model and brand for a set number of years with agreements on renewal rights. Due to the nature of the franchise, you may also have a wealth of support to get you started. These businesses and investment costs are current as of 2017, but subject to change.
If you love cars, Chipmaster might be an option for you. This company offers chip, scratch, and other small cosmetic repair work on vehicles. Most repairs are done within 30 minutes and net about $200 to $600 in profit. The company requires an initial $20,000 investment, but this sum covers all training and equipment plus enough paint to do about $60,000 of work. The only items you need to buy are a shop for customers to find you, a compressor, and a computer to track orders.
Multi Menu Pet Food
Give pets great nutrition with the Multi Menu Pet Food home delivery service for an initial investment of $4,500. The company offers 18 Canadian Medical Veterinary Association approved recipes for dogs and cats, litter products, and more than 6,500 accessories. When you buy this franchise opportunity, you get territorial rights to up to 15,000 homes, training, and on-going support. You can also choose whether to work on the business full- or part-time. Multi Menu can be run from home and requires little to no inventory.
Pro Concept Coatings
Durable flooring is a must for most homes and offices. Pro Concept Coatings turns regular concrete into beautiful, showcase-worthy floors. Customers have 10 basic colours, 80 fleck patterns, and over 100 PPG colours to choose from. With an investment of $25,000, you receive $10,000 in equipment, shop materials, and co-op advertising, along with enough product to generate up to $18,000 in revenue. You only have to purchase what you need. Plus, the business is easy to learn, and the product stores in dry storage at room temperature.
Scorpion Coatings is a family-owned and operated small business that provides polyurethane-based protective coatings to truck beds along with window tint and protective film products. The company offers multiple levels of franchise opportunities. With an initial investment of about $10,000, you can choose the biggest plan, which comes with 135 gallons of truck liner, tint for windows, a professional spray gun, prep tools, mixing equipment, and promotional materials to get you started. The company offers full training and support, plus a business plan if you need to secure financing.
A franchise is a business like any other, so there’s always risk €” but by renting a known brand and proven system, you can get a leg up. For more information on Canadian franchise opportunities, search the Canadian Franchise Association website.