Tag: Montreal

Starting a Business in Montreal

Posted by WFG – July 8, 2011

There are a number of different things to remember when starting a business in Montreal. You’ll need to look into the social economy of Montreal, the development hubs and the clientele. But with so much information how do you know where to start?

Social Economy

The city of Montreal has separated itself from other major cities across Canada. It’s done this by using social innovation and adopting a partnership based approach to starting a business. This partnership includes many distinctive layers, with the Social Economy Bureau overseeing the structure.

Commerce

A commercial street in Montreal usually consists of 50 businesses. The rent concerning commercial buildings depends on the area that live in and further research will need to be conducted. That said, the annual rent per square foot is $300.00 (US$) on Rue Sainte-Catherine Quest. This is just higher than Toronto, who sits at $280.00 (US$) ON Bloor Street West.

Development

For the last 5 to 6 years the island of Montreal, including airport etc, has undertaken a continuous development. This was created to modernize the city and create a newer vision. This included the development of commercial arteries and industrial areas. Starting a business in Montreal now will be beneficial to your development, but if you are too late then the city’s success may leave for with additional startup costs.

For more information on starting a business in Montreal contact the Winflow Financial Group.

Commercial Cleaning: Master Franchise

Posted by WFG – July 6, 2011

Industry: Commercial cleaning

Initial Investment: 250k – 500k

Type of participation: Master Franchise

Years in business: 17

Physical Location: Toronto/Montreal

A Master Franchise business opportunity has a risen at a commercial cleaning company with extensive possibilities. The position is available for the Toronto & Montreal areas and gives you exclusive rights to a region in which to build the franchise. Investments vary depending on the region’s population but begin at a price of $250,000.

The concepts to this Master Franchise allow the investor to take advantage of the company style and become successful in their role by:

  • Establishing a regional office
  • Selling individual unit franchises
  • Training staff
  • Securing cleaning contracts

The profits will be shared, with the Master Franchise earning 10% of the cleaning contract, and 78.5% of the franchise sales. A training program will be offered and with its guidance through the necessary skills, the Master Franchise can become more successful. It will last 8 days and runs through the company business plan and operations manual. Included will be the understanding of unit franchises, green cleaning and field training and support.

The cleaning business has increased 241% over the past 10 years and is predicted to continue its growth at a rate of 5.8%. This creates a huge potential for the industry and the company’s Master Franchise opportunity. In addition to that, the franchising business alone is a $1.3 trillion industry including some of the world’s best known brands.

Please call Winflow Financial Group on 1.800.956.6897 for more information.

 
Business opportunity provided by:
Robert Brumer Global Franchise Group Inc.
-> Learning from others’ experience when buying a franchise – Article about Robert Brumer on Montreal Gazette
 

Métaux Kitco Inc. Under Investigation for False Billing Scheme

Posted by Winflow – June 10, 2011

Revenue Quebec is alleging that gold trader, Metaux Kitco Inc., orchestrated a false-billing scheme. The organization denies any involvement and contests the investigation. Further details include:

  • Revenue Quebec says the alleged billing scheme has cost the province CDN$150 – million in taxes.
  • There are 125 companies that are thought to be a part of the billing scheme.
  • 70 locations in Montreal are being investigated by police.
  • A Montreal location was temporarily shut down.  
  • Kitco has filed a request to continue normal business operations under supervision.
  • Kitco receives a tax credit on scrap gold purchases from suppliers. According to Kitco reps, it is the supplier’s duty to transfer the tax to Revenue Quebec.
  • Kitco believe there are no grounds for holding their company responsible.
  • Kitco is a well-known company that employs over 200 people and sells to thousands of customers.

For the complete details, read this Globe and Mail article.

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For your business needs, contact the Winflow Financial Group. Our consultants will make sure your business is following tax law.