Mitigating Bankruptcy Risks as a Multi-Unit Franchisee
Recession-Resistant Franchising: A Legal Roadmap for Multi-Unit Operators As a franchise attorney with years of experience in the franchise restaurant space, I’ve observed a troubling trend emerging in the last 18 months: a significant uptick in bankruptcy filings among multi-unit franchisees. Leveraging brand recognition can help mitigate some of the financial risks, but this wave […]
JCPenney: A Case of Failed Rebranding
Explore the rise and fall of JCPenney’s ambitious rebranding efforts in this insightful article.
What to Know Before Buying a Franchise
Buying a franchise is a big decision. What to know before buying a franchise includes understanding what you need to avoid costly mistakes. This article dives into key areas like researching franchisors, understanding financial obligations, and evaluating support systems. Prepare yourself with the crucial information needed to make an informed franchise investment. Key Takeaways Thorough […]
How Negotiable is a Franchise Agreement?
How negotiable is a franchise agreement? The answer depends on the franchisor’s flexibility and the terms in question. This article will explore key factors like the size and age of the franchise system, commonly negotiated terms, and tips for negotiating effectively. Dive in to learn what you can and cannot change in your franchise agreement. […]
Franchise Agreements: How to Negotiate Royalty Fees
If you’re considering buying a franchise, negotiating royalty fees can significantly impact your long-term profitability. This article will guide you on how to negotiate franchise royalty fees effectively, from understanding key factors to preparing a solid case. Keep reading to discover actionable strategies to secure better terms on your franchise journey. Key Takeaways Royalty fees […]
How do I ensure franchisees comply with brand guidelines and operating standards?
To ensure franchisees comply with brand guidelines and operating standards, it is essential to provide clear guidelines, effective training, and regular audits. This article will discuss these strategies and how do I ensure franchisees comply with brand guidelines and operating standards, helping to maintain brand consistency and quality. Key Takeaways Brand consistency is essential for […]
Are there exclusive territories or can other franchisees open near my location?
Are you wondering if your franchise will have exclusive territories, or can other franchisees open near my location? This guide will clarify how franchise territories work and what to expect regarding territorial exclusivity and competition, specifically addressing the question: are there exclusive territories or can other franchisees open near my location? Key Takeaways Franchise territories […]
How can I grow and scale my franchise business effectively?
Want to know how can I grow and scale my franchise business effectively? This article covers practical strategies, from laying a strong foundation and strategic planning to building a solid network and securing funding. Whether you’re a new or seasoned franchisor, you’ll find actionable tips to ensure sustainable growth. Key Takeaways Establishing a solid foundation […]