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Updated RecentlyCora's Franchise
Omelettes, French toast, waffles and crepes
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
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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 Unit Costs
- Initial Investment:
$550,000-$900,000 - Initial Franchise Fee:
$45,000 - Royalty Fee:
5% of net - Advertising Fee:
2% National Fund; 1% Local Fund
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Canada's "Queen Of Breakfasts" Expands In Markham
Former single-mother-turned entrepreneur Cora Tsouflidou, regarded as Canada's "Queen of Breakfasts", is officially opening its doors in Markham next week. On the morning of Monday, December 11th, 2006, at 9:00 a.m., the grand opening ceremony will be held at the restaurant located at 3760 Highway 7...
Cora's News & Press Releases
When did Cora's start Franchising? 1994
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.
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.
To calculate how much income a franchise owner can do at Cora's Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
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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 recommend that anyone seriously interested in pursuing a Cora's franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Cora's
Cora's Breakfast & Lunch
16, rue Sicard, local 50
Sainte-Therese,
QC
J7E 3W7
