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Do You Need a Franchise Owners’ Agreement?
You are a successful restaurateur, managing and running multiple eateries in multiple locations for several years. You started with a single location. It opened and was a hit. So you opened a second restaurant in a different location which turned out to be just as...
Are you selling franchises or partnerships?
Part 2 of 2 You are a successful restaurateur, managing and running multiple eateries in multiple locations for several years. You started with a single location. It opened and was a hit. So you opened a second restaurant in a different location which turned out to be...
Are you selling franchises or partnerships?
Part 1 of 2 You are a successful restaurateur, managing and running multiple eateries in multiple locations for several years. You started with a single location. It opened and was a hit. So you opened a second restaurant in a different location which turned out to be...
Independent Franchise Associations = Power in numbers
“The whole is greater than the sum of its parts.”— Aristotle You’ve just acquired a franchise and suddenly you are part of a much larger organization. Or are you? Are you one voice among many or are you an integral part of a cohesive, integrated group? How do you make your voice heard? Who do […]
Buying a franchise? Do the math!
Visit the dairy counter of any supermarket and what do you see? Gallons of milk, cartons of yogurt, cheese, etc. Each carries a clearly marked price tag: $1.99, $0.75, and so on. What you don't see are the extra costs that show up when you check out at the register....
Buying a franchise? Check out Item 20. (And check references!)
Buying a franchise? History matters. And in this instance, history means references. So check them out. Really. Checking references -- contacting others currently in your franchisor's stable, or who have left the franchise system for one reason or another is a key...
Can Your Franchise Agreement Be Negotiated?
"Everything is negotiable. Whether or not the negotiation is easy is another thing."-- Carrie Fisher Carrie Fisher was right. Not only is everything negotiable, it's also legal! Even when the franchisor's salesperson sitting across the table from you...
Buying or selling an existing franchise? Did you think about…
Most of the time, the road one takes to either sell or purchase a business is a straight one, with few bumps or potholes. Sellers typically decide they want to sell. Sometimes they hire a broker as an intermediary. Sometimes they don't. But ultimately, for every...
Licensing v Franchising, a Distinction Without a Difference?
Looking to expand your business? What's the best strategy? License your trademark? Or franchise the entire business process? How do you distinguish between these two options? The first step to making an informed decision about whether to grow your business by...
Want to franchise your business?
If you have a successful business that can be duplicated and you want to expand your geographic reach, you will want to consider franchising. Generally, franchising is a method whereby the franchisor gives franchisees a license to use its brand, i.e. trademarks, and...