Cora's Franchise

Omelettes, French toast, waffles and crepes

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Motivated by the success of her breakfast concept, Cora and her ambitious family decided to franchise their restaurants. For Cora, developing the breakfast food business niche meant doing it better than anybody had ever done it anywhere. Like any good recipe, success takes time to perfect. Cora, supported by her diligent team, slowly but surely developed more expertise in the business, and her unwavering drive for perfection earned her the title, "Queen of Quebec Breakfasts." Because she loved cooking for a crowd, Cora was continually opening new restaurants until she realized she could teach others her winning recipe. So began her journey into franchising. In 1993, Cora explored the possibility of franchising and was delighted to find that her business formula met all the criteria established by franchising specialists. Her dream of having restaurants throughout Quebec was about to become a reality. Franchising soon became Cora's business strategy to achieve her primary objective. For Cora, franchising allowed her to: offer breakfasts in as many places as possible, as often as possible and to as many guests as possible. Cora soon understood that by franchising, the team would be able to quickly build a strong brand image and dominate the Quebec market. An exciting new chapter for the newly formed Franchises Cora Inc. began in April 1994 when it granted its first franchise to open a restaurant in Pointe-Claire, in Montreal's West Island community. Ten more franchises would follow shortly. Always looking for a challenge, the Cora team's new objective was to open restaurants "all over Canada." In 2000, Cora developed the Cora Franchise Group to target the market in the rest of Canada, and soon opened its first restaurant in Nepean, Ontario. Shortly after, Cora also conquered other Ontario markets as well as markets in the Atlantic Provinces, Manitoba and Alberta. The result of franchising is impressive. The Cora chain now includes 130 restaurants across Canada, with additional restaurants opening their doors in the year to come. Today, the Cora network of restaurants serve 250,000 guests each week and is recognized as the leader in the breakfast industry in Canada. Would you like to join the Cora family? Find out about franchising opportunities http://www.chezcora.com/en/franchise-opportunities #75 in Canada's Top franchises.

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$129.55 USD
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$129.55
$129.55


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Please Note: The operators of Cora's, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Cora's website.

How much does it cost to open a Cora's Franchise ?

The investment required to open a Cora's Franchise is between $550,000 - $900,000 . There is an initial franchise fee of $45,000 which grants you the license to run a business under the Cora's name.

Individual Franchise Costs

  • Initial Investment:
    $550,000 -
  • Initial Franchise Fee:
    $45,000
  • Royalty Fee:
    5% of net
  • Advertising Fee:
    2% National Fund; 1% Local Fund

Expense In-House Third Party
Franchise Fee N/A N/A
Startup Costs N/A N/A
Equipment N/A N/A
Inventory N/A N/A
Accounts Receivable N/A N/A
Payroll N/A N/A

Other Financing Source(s):
Cora has a national franchise program with two Canadian banks.

Training
We provide franchisees with 5 weeks of theoretical and practical training.

Support
We support the restaurant with a team of trainers who are on site to help you and your staff. Our dedicated and experienced Operations team works with the franchisee to ensure respect of the Cora processes and high standards. Manuals covering all of the operating, marketing and management processes will be made available for your reference. You will benefit from a customized computer system helping you operate your business, keep track of key metrics, inventory, schedules, etc. We use a proprietary extranet information system which allows, through the Internet, automatic transfer and management of data. This system also offers online multimedia training. Using a touch screen, employees have access to online training related to their position in the restaurant.

Cora's Growth History

When did the first Cora's open? 1987
When did Cora's start Franchising ? 1994

We require franchisees to be owner/operators. You can consider an operating partner; however, you and/or the operating partner must participate in all stages of the franchisee approval process. Your operating partner is required to hold a minimum of 25% of shares within the operating company.


How much does a Cora's Franchise owner make?

How much money you could make as a Cora's Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Cora's Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$45,000 - $900,000
Initial Franchise Fee
$45,000
Royalty Fee
5% of net
Advertising Fee
2% National Fund; 1% Local Fund

Sister Companies

Cora's Franchise Opportunity viewed times by investors.
 

Legal Disclaimer: This information is not a franchise offering for Cora's and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing an Cora's franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.