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A Booming Businesses Climate:  New Franchises in Hope, BC

With a stellar setting that attracts tens of thousands of outdoor enthusiasts yearly, a local government and organizations that encourage and expedite economic development, and a strategic location on major transportation routes, Hope, BC has always been a sound choice to establish a business. Add in a swiftly growing population and incredibly supportive community, and you’ll see that now is a fantastic time to launch your dream enterprise in Hope!

The proof is in the pudding, and the surge of new businesses that have not only taken root but also taken flight in the face of the incredibly challenging last few years – including the pandemic and floods of 2021 – is proof that Hope is incredibly viable for a wide range of commercial ventures! Whether opening a franchise or a grass-roots dream started from scratch, our local organizations can help pave the way to success. And once you’ve experienced Hope’s vibrant quality of life within a remarkable mountain setting, you’ll find it’s an amazing place to live, work, and play!  

It’s no secret that “all roads lead to Hope”: with highways 1, 3, 5, 7 all leading into town, our roads supply the gateway to a bustling business environment. Did you know that approximately 7 million vehicles travel through Hope annually? Today let’s focus on the Coquihalla (BC Highway 5)!  

Traffic pouring in from the Coquihalla Highway funnels into town on Old Hope Princeton Way, providing high visibility to the businesses that dot the roadside. With easy accessibility and convenience for travellers, recent years have seen a significant uptick in the number of franchises opened, bolstering its standing as an excellent commercial corridor. Recent franchise arrivals include: 
 
Starbucks 
Booster Juice  
A&W (relocated & expanded) 
Papa John’s 
Dollarama 
7-Eleven 

The next franchise to open on this route is the much-loved Boston Pizza, which will soon open its doors for business at 904 Old Hope Princeton Way.  
 
With an increase in traffic to this area, the district has responded with the installation of a new traffic light on Old Hope Princeton Way and 6th Avenue, ensuring a smooth traffic flow and increased safety for pedestrians in the area, a boon for local businesses. This area is quickly becoming popular for its ability to provide “one-stop shopping”, allowing travellers to stop for a bite, fill up with gas, grab some takeout, and pick up supplies. 

Interested in learning more about turning your business idea into reality? You’ve come to the right place! Read more about what we do here and take the first step by learning about the District of Hope’s 8-Step Process to Invest in Hope. With quick processing times for permits and licenses, along with competitive development costs, your dream business will come to life sooner than you think! We encourage you to explore everything Hope, Cascades & Canyons has to offer, including the incredible lifestyle this incredible community provides. We think you’ll see why it’s a wise idea to invest in Hope, BC!