Legal Aspects of Franchise Resales
How to conduct proper due diligence when purchasing a resale franchise By Joseph Adler, Hoffer Adler LLP The first question most, if not all, prospective...
Category : Advice & Tips
Q: What are the main differences between a franchise and a license agreement—and which should I choose?
A: If you’re considering partnering with a recognized brand to establish a new retail business, or expand an existing one, you may be faced with...
Q: As a new franchisor, what type of support should I provide to my franchisees?
A: If you’ve decided to franchise your business, you may be wondering how much support you will need to provide to help your franchisees succeed....
Q: What do I need to know if I lease my franchise property directly from a landlord?
A: When a franchise is operated from a retail space (for example, a restaurant or a store), franchisees are generally faced with two options related...
Q: How important is your personal credit report when you look to finance your franchise?
A: Most lenders will require a credit check before making a decision on whether to extend credit for your franchise. How you’ve managed your personal...
How To Figure Out When You’ll Be Profitable as a New Franchisee (VIDEO)
How can a franchisee determine when they can expect to reach profitability? It’s a combination of following some comprehensive steps and ensuring a base understanding...
Q: What are non-competition and non-solicitation clauses?
A: Non-competition and non-solicitation clauses are common restrictive covenants in franchise agreements. That’s because non-competition clauses prohibit franchisees and their principals from operating a business...
Q: As a new franchisee, how do I figure out when I will be profitable?
A: When starting a new franchise venture, one of the main hurdles that a franchise owner may face is how to reach the point of...
What Provisions Should I Consider When Renewing My Franchise Agreement? (VIDEO)
When it comes time to renew a franchise agreement, entrepreneurs may be tempted to focus on the most pertinent costs including the franchise fee and...
Online Exclusive: How to Attract, Impress, and Retain Customers
By Lori Karpman, Client Tether Building your business isn’t only about acquiring new customers. In fact, keeping your current customers happy should be high on...