Here’s how you can start a franchise in Canada with an investment of under 50,000 CAD:

• Franchise Selection: Choose a low-cost franchise that suits your interests and expertise. Some sectors include food & beverage, retail, or service-based businesses.
• Franchise Fee: Typically, a franchise fee can range between 10,000 to 25,000 CAD, depending on the brand and its market presence.
• Initial Investment: The total initial investment can be under 50,000 CAD, including franchise fees, initial inventory, equipment, and marketing costs.
• Location: Find an affordable location or consider home-based franchises, which can significantly reduce overhead costs like rent or utilities.
• Training and Support: Franchisors usually provide training programs that can help you get started. Ensure the training cost is included in the franchise fee or is separate.
• Ongoing Royalties and Fees: Be aware that ongoing royalties (usually a percentage of monthly sales) are applicable. These can range between 4% to 8% of your revenue.
• Marketing and Advertising: Many franchisors require franchisees to contribute to a national or regional advertising fund, which is typically around 1% to 3% of monthly sales.
• Legal and Paperwork: Ensure all legal documentation (franchise agreement, non-disclosure agreements, etc.) is in place. These might incur additional costs.
• Business Structure: Decide on the structure (sole proprietorship, partnership, or corporation) as it will affect your tax obligations and legal responsibilities.
• Licenses and Permits: Ensure you have all the necessary business licenses and permits in your specific province.
• Funding Options: If you do not have the full investment, explore financing options, such as small business loans or government programs for entrepreneurs.