As of the writing of this post, New York COVID-19 cases are continuing to drop, and businesses have slowly started to reopen. For restaurant owners, this is a big relief as they have lost substantial money due to closure of in-person dining. However, the reopening is occurring in stages which vary by region. While restaurants […]
Is This the Time to Franchise Your Tutoring Business?
Tutoring is a booming business. In the U.S., it is reportedly a $4.9 billion industry. It is considered to be relatively recession-resistant in that parents are reluctant to cut education services to help their children. While in-person tutoring is likely to continue to experience strong growth, online learning may be even stronger. The size of […]
Is a Master Franchise Model Right for You?
As discussed in a previous post, there are several types of franchise models including Single Unit, Multi-Unit Development (or Area Development), Conversion, and Master Franchise. Each has its advantages and disadvantages based on the franchisor’s expansion goals for its business. In a Master Franchise model, the franchisor sells the franchisee the right to offer and sell […]
COVID-19 Results In States Extending Franchise Filings
As the coronavirus spreads across the U.S., the federal and many state governments are providing relief to businesses by extending the deadlines on various filings. Among the areas receiving attention are state registration and filing deadlines for franchisors. Franchise Disclosure Documents (FDD) must be prepared and updated annually within 120 days after the franchisor’s fiscal […]
Businesses Face New ADA Claims Over Gift Cards
A new wave of litigation under the Americans with Disabilities Act (ADA) is hitting business owners. For the last few years, businesses have faced lawsuits regarding the accessibility of their website to the visually impaired. Now, gift cards are have become a target as well. Beginning in October 2019, a number of suits were and […]
Should You Franchise Your Commercial Cleaning Business?
Commercial cleaning businesses are experiencing solid growth thanks to increases in construction and real estate investments. According to Allied Market Research, the commercial cleaning services market size is expected to grow at 5.8% globally by 2022. The commercial cleaning industry encompasses businesses offering office cleaning, window cleaning, floor cleaning, carpet and upholstery cleaning, and other […]
Franchising a Home Health Care Business
With 74 million baby boomers close to retiring or retired, it is not surprising that home health care is booming. This aging population is looking for alternatives to assisted living or nursing homes and the use of home health aides enable older adults to remain in their homes. According to the Bureau of Labor Statistics, […]
How Does the Revised Joint Employer Rule Affect Franchisors?
A revised rule addressing joint employer status under the Fair Labor Standards Act (FLSA) announced January 12, 2020 may offer some relief to franchisors. Under the FLSA, employers must comply with federal minimum wage and overtime laws. An employer is defined as “any person acting directly or indirectly in the interest of an employer in […]
Should You Franchise Your Restaurant?
Some of the best-known franchises are restaurants. McDonald’s, Subway, Domino’s, Wendy’s, Buffalo Wild Wings, and others have thousands of locations. If you have a popular restaurant, you may be thinking of expanding to multiple locations. While you can choose to take on the work yourself, open more restaurants, and hire managers to run them, you […]