Q: How do I evaluate a franchise’s ESG credentials?
Environmental, social, and governance principles (ESG), along with sustainability, have become hot topics in the past couple years. Throughout 2023, the competition for customers, employees,...
Category : Ask an Expert
Q: When is the right time to expand my franchise?
From a financial perspective, there are several important factors you should consider when deciding whether it’s time to open your next franchise location. Ensure existing...
Q: What are the risks of purchasing a franchise in a newly launched franchise system?
A: I have reviewed and/or prepared hundreds of disclosure documents during my thirty-year legal career, so one could say that “I have nearly seen it...
Q: Why should I use digital signage in my quick service or fast casual restaurant?
A: The restaurant business is tough. With so much competition, thin margins, and uncertainty throughout the supply chain today, fast casual and quick service restaurants...
Q: Where do territory rights begin and end in my franchise?
A: In the vast majority of franchise relationships, the franchisor will grant some type of territory rights to the franchisee. These territory rights may be...
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...