rotate

Rotate your device back to portrait Mode!

-->

New Wendy's Franchise locations for sale in Canada March 2024

Wendy's, one of the world's most successful quick-service hamburger restaurants can be your perfect match for starting your new franchise opportunity. Originally Established by Dave Thomas in 1969, and operating in Canada since 1975, Wendy's was founded with a vision of providing high-quality meals without cutting any corners. Wendy's Restaurants of Canada is a Canadian-run subsidiary of Wendy's International, benefiting from all the support of the global brand. What sets Wendy's Restaurants of Canada apart from the rest is Wendy's Canada uses only fresh, never frozen beef sourced from Canadian farmers, and all the chicken served in the fresh, hand-chopped salads and sandwiches are 100% Canadian.

New Wendy's Franchise locations for sale in Canada March 2024

Listings of New Wendy's Franchise locations available

Sorry, there are no new location listings available at this time. Please contact the Franchisor or checkout listings of existing Franchises available for resale, below.

Invest in a Popular New Wendy's Franchisee Location / Exploring the Financial Requirements of Owning a Wendy's Franchisee Location

Becoming a Wendy's franchisee partner is seen as a long-term commitment and as such, they are looking for partners who embody their mindset and understand their place in the fast-food market. Wendy's application journey is a meticulous and carefully thought-out process. As such becoming a Wendy's franchise partner has a higher difficulty than some of the other franchises on the market.

To get started, applicants are required to submit an evaluation to Wendy's with info on the type of location they would like to open directly on their website. One of the strengths of Wendy's strategy is the focus on non-traditional development. Qualified franchisees can develop restaurants in special venues such as:

• Airports

• College and University campuses

• Highway travel plazas

• Hospitals

• Military bases

• Office buildings

• Entertainment venues

The ideal applicant has an entrepreneurial aptitude, a track record of achievement in owning or managing a business, and restaurant experience is a must for all candidates.

From there, the next step after would be an interview with Wendy's representatives. The approval process length depends greatly on how fast the applicant would like to proceed with opening a franchise location and once the team has ensured the meeting of all the financial requirements.

About Wendy's franchisee brand

Famous for its square patties and innovative marketing, Wendy's reigns supreme as one of the top fast-food brands in the market.

Wendy's is continuously producing new menu items to maintain its loyal customer base and bring innovations to the fast-food sphere. An example of their innovation can be seen recently, when Wendy's created its own recipe for The Plantiful patty, rather than sourcing its protein from Beyond Meat Inc. or Impossible Foods.

On the marketing front, Wendy's has redeveloped the way that brands conduct and interact online with their customers. Wendy's was the first global brand to approach social media as a funnel for the creation of new younger fans by making relatable content as well as interacting with internet culture in a more relaxed and less corporate manner contrary to what other brands were doing at the time. This has led to many other brands following in their footsteps and has become a staple of digital marketing for global brands in the current age.

The support and partnerships opportunities that Wendy's provides help build and sustain strong relationships with franchisees and as such, they are constantly ranked as one of the best franchise opportunities and most desired.

What qualifications does Wendy's look for in a franchise applicant?

Wendy's looks for candidates who are both financially prepared and aligned with the values that they hold. Currently, they have one of the highest financial requirements in the market.

Restaurant experience is required for all candidates that will be looking to start a new partnership with Wendy's. If you have experience running another type of business including working with employees and customers, managing finances and leading teams, this will also greatly help with your evaluation. Wendy's has very aggressive development goals over the coming years and as such Wendy's focus is recruiting only partners who can build and manage multiple units.Restaurant experience is required for all candidates that will be looking to start a new partnership with Wendy's. If you have experience running another type of business including working with employees and customers, managing finances and leading teams, this will also greatly help with your evaluation. Wendy's has very aggressive development goals over the coming years and as such Wendy's focus is recruiting only partners who can build and manage multiple units.

The official Wendy's requirements can be seen below:

• Candidates are interested in pursuing multi-unit opportunities through the acquisition of existing restaurants or the development of new restaurants

• Are multi-unit operators who have extensive restaurant experience (preferably quick service) with proven leadership skills

• Are committed to operational excellence, customer service and a strong willingness to learn and practice the Wendy's business model

• Demonstrate exceptional managerial and business acumen

• Are committed to the advancement and growth of their business

• Have access to adequate capital for reinvestment in Wendy’s Image Activation program and new restaurant development.

Contact Franchisor

How much does it cost to become a Wendy's franchisee?

The initial investment cost of a Wendy’s franchise location varies but could total well over $3 million. There are many factors that influence the development costs for a new restaurant including, but not limited to: the cost of real estate, building size and design features, local labor and building supplies, permitting, etc.

Wendy’s requires $2 million in liquid assets with $5 million net worth for new multiunit franchisees or franchise groups. There is also a franchise fee of $40,000 per restaurant, a royalty fee of 4 percent, and an advertising fee of 4 percent.

An estimated total cost of opening a Wendy’s franchise can be seen below:

Estimated Initial Investment

Name of Fee

Low

High

Application Fee

$5,000

$5,000

Training Expenses

$26,000

$100,000

Initial Technical Assistance Fee

$50,000

$50,000

Real Estate, Permits, Construction of Standard Prototype Restaurant and Site Improvements:
Cash Purchase
Financing (3 months)
Leasing (3 months)

$1,240,000 $271,000
$24,000

$2,515,000
$551,000
$63,500

Equipment and Signage:
Cash Purchase
Financing (3 months)
Leasing (3 months)


$375,000
$16,000
N/A


$620,000
$26,000
N/A

Opening Inventory and Supplies

$12,000

$17,000

Additional Funds - 3 Months

$150,000

$192,000

Grand Opening Advertising

$7,500

$10,000

Security Deposit, Utilities, Licenses and Other Prepaid Expenses

$20,000

$165,000

Insurance Cost

$10,000

$35,000

ESTIMATED TOTAL: If franchisee pays for Land, Building, Improvements, Equipment and Signage

$1,895,850

$3,692,350

ESTIMATED TOTAL: If franchisee finances the Land, Building, Improvements, Equipment and Signage

$567,850

$1,134,350

ESTIMATED TOTAL: If franchisee leases the Land, Building, Improvements, Equipment and Signage

$320,850

$646,850

Can I buy an existing Wendy's franchisee?

Yes, although this could be limited to very few locations.You can find all available listings here:

Search New Wendy's Franchise locations for Resale in Canada.