Franchising is a commercial and legal agreement by which a franchisor (the corporate enterprise) agrees to provide a franchisee with a brand, know-how and permanent assistance in return for payment or a percentage of the profits.
In Quebec, the franchise industry represents 12,139 business enterprises, points of sale and service points, up 12% since 2014. Responsible for over 200,000 listed jobs, it generated sales of $25.8 billion in Quebec alone. In short, the franchising world is a powerful driver of economic development that has significantly outperformed the Quebec economy as a whole.
It is estimated that nearly 66% of business enterprises in Quebec are held and managed by franchisees. The others, just as important, are of the “corporate” type that are managed by the franchisors themselves.
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