According to recent data and information published by the Fédération québécoise de la franchise (CQF), in 2023 Quebec had more than 9,000 franchised establishments, generating more than $58 billion in annual sales
Franchising is present in all regions of Quebec, contributing to the economic vitality of local communities and the creation of businesses.
In 2022, 1,213 new franchised locations were opened in Quebec.
This business model is also particularly important in small and medium-sized enterprises (SMEs), which represent the majority of franchised businesses in Quebec.
Franchising, a major player in the economy in Quebec
Franchising in Canada, particularly in Quebec, is a booming business model.
In 2023, the Fédération québécoise de la franchise (CQF) revealed that more than 9,000 franchised establishments have thrived.
The revenue generated, estimated at $58 billion, is a testament to an economic success, but also a major benefit to local communities.
The repertoire of available franchises has been enriched, demonstrating multiple business opportunities.
Sectors of activity on the rise in Québec in 2023
Among the many franchise sectors in Quebec, some stand out for their dynamism.
The restaurant sector, whether fast or traditional, is a solid pillar of the franchise landscape in Quebec.
There were at least 43,000 people working in franchised restaurant businesses in 2022.
The Economic Analysis of the Franchise Industry in Quebec conducted in 2022 by INDICIA on behalf of the Quebec Franchise Council (CQF) reveals that the restaurant industry accounted for 23% of franchise networks.
It is important to emphasize that it is the diversity of concepts and the constant consumer demand for varied culinary experiences that attract entrepreneurs.
Then there is retail, with 23% of networks, benefiting from consumers’ enthusiasm for unique products and personalized services.
Finally, professional services also recorded significant growth, representing 18% of franchise networks.
This growth is due to the strong demand for high-quality, specialized services that meet the needs of businesses and individuals.
Being a franchisee in Quebec: opportunities and advantages
For entrepreneurs aspiring to start franchising in Quebec, several factors make this approach a promising opportunity.
The franchisor, with its know-how and expertise, offers future franchisees a turnkey concept, proven by the success of the companies concerned.
In addition, becoming a franchisee in Quebec also means ongoing support, from initial training to day-to-day operations, thus ensuring the franchisee’s success.
The aspect of notoriety and brand image is also a major advantage.
Indeed, they allow the franchisee to benefit from the solid reputation of the franchise network to which he belongs.
Finally, access to financial resources is simplified thanks to the support of the franchisor, thus facilitating the financing process to make the entrepreneurial project a reality.
In 2024, franchising in Quebec continues to thrive, driven by the diversity of business sectors, investment opportunities and the strong support of franchise networks.
Its dynamism, diversification, and many advantages make it an attractive choice for those who want to start a business.
