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...
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 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...
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...
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...
A: While evaluating potential franchises, prospective franchisees may naturally zero in on the franchise fee and royalties, but there are three other provisions to consider...
A: There are many benefits to owning a franchise business. A franchise gives you flexibility, control, and the feeling of ownership over your career. It...