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...
Category : Advice & Tips
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...
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...
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...