Buy a Franchise | Franchise Law Blog

Category: Buy a Franchise | Franchise Law Blog

Menu Labeling Requirements for Growing Restaurant Franchises

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If you are the franchisor of an emerging and growing restaurant franchise and you haven’t already complied with the Food and Drug Administration’s (“FDA”) menu labeling requirements, then it’s time to start evaluating your obligations and options before more franchisees commit to menu boards and build-outs that may not be in compliance.

Category: Buy a Franchise

Starting a Franchise: How Should You Approach the Development of Your Disclosure Documents

For the successful business owner considering the franchised expansion of his or her business one critical question that must be answered is: How do you approach the preparation and development of your franchise agreement? That is, do you approach the preparation and development of your franchise agreement (and franchise disclosure documents) as: (a) A legal…

Category: Buy a Franchise

Can You Find Success in “Re-Opening” a Previously Failed Franchise Location?

Recently on satellite radio I listened to a radio advertisement, allegedly, by a national franchisor promoting the resale of what I believe to be previously closed franchise locations. The franchisor is allegedly Quiznos and this morning I checked out their website relating to their promotion and sale of opportunities relating to the re-opening of closed…

Category: Buy a Franchise

Avoid the Hype when Buying a Franchise: Focus on Specifics and Not Overall Industry Trends

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Driving into the office this morning I listened to a radio commercial that I found to be repulsive. The commercial was not political, did not contain any profane language and, quite possibly, did not contain any false statements. Nevertheless, the information conveyed in this commercial (really just a bunch of self-serving platitudes) could do harm…

Category: Buy a Franchise

When Buying a Franchise Your “Investment” Involves Much More than Franchise Fees and Start-Up Expenses

If you are considering the purchase of a franchise it is critical to recognize that your investment goes beyond – well beyond – initial franchise fees and startup expenses. While franchise fees and start-up expenses (such as equipment purchases and build-out) are critical expenses that must be evaluated, they only tell half the story. That…

Category: Buy a Franchise

To Grow Your Franchise Business, Prioritize Mobile

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The mobile revolution has reached service providers and businesses in nearly every sector of the economy. But, according to a recent article in Small Business Trends, franchises have been slow to pick up on the benefits. Currently, only 6 percent of franchises plan to make mobile outreach a priority in their marketing plans for the coming year.

Category: Buy a Franchise

Why “Due Diligence” is Critical when Buying a Business or Franchise

For the first time franchise or business purchaser due diligence is critical.  Although the term due diligence may sound odd or out of place, it simply refers to the pre-purchase/pre-investment investigation that you undertake before signing a franchise agreement  or business purchase agreement.  In his article “What is Due Diligence in Business Acquisitions,” Ney Grant…

Category: Buy a Franchise

Franchises That Can Be Yours for Under $50,000

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It can cost millions of dollars to start up a new business. You have to develop a brand, install a business plan, start advertising, buy or rent a space, and create branded material to sell your product. One way to avoid many of these costs is to purchase a franchise with a company that’s already done the…

Category: Buy a Franchise

Some Tips for Buying a Business Franchise

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There are many reasons why buying a franchise is a sound business decision. Franchise businesses are established, they have a recognizable customer base and they already have successful branding in place. Instead of starting a business from scratch, buying a franchise lets you avoid the lengthy process of building up name recognition. You start on…

Category: Buy a Franchise

Franchising Viewed Through the Prism of a Recession

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In the face of a recession has come a renewed interest and focus on franchising and franchise opportunities. Faced with the uncertainty of corporate life and layoffs rendering hard working and educated individuals without employment, a spotlight has been placed on franchise ownership and the resources available to prospective franchisees. So what do We Learn…

Category: Buy a Franchise

 

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