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Reviewing a Florida Franchise Disclosure Document (FDD) is a challenging process. Even though it outlines the terms of your potential franchise agreement, you could easily miss key details. As new franchisees, you may rush through the FDD since you are eager to start...
Territorial restrictions in franchise agreements define where a franchisee can operate their business. These clauses aim to protect you from competition within your own brand. However, this can also limit your business's growth potential. The benefits of territorial...
Your franchise agreement's renewal often hangs in the balance of performance metrics. These benchmarks, set by your franchisor, can make or break your ability to continue operating your business. Understanding how these metrics impact your renewal rights is crucial...
Franchising can be a profitable business to get into. However, it can also be a headache and lead to losses if you choose the wrong franchise. Here are some of the top signs a franchise may not be as good an investment opportunity as the franchisor claims it is: No...
Are you considering expanding your business through franchising or investing in a franchise opportunity? Understanding federal franchise law is crucial for both franchisors and franchisees. The Federal Trade Commission mandates franchisors to follow specific franchise...
If you own a franchise, you have likely invested a lot of your time, effort and resources into growing the business. Eventually, you may reach a point where you want to sell your franchise, whether due to retirement, a change in personal circumstances or simply a...
Restaurant franchisees are facing a difficult economic environment in 2024. With inflation, labor shortages, and shifting customer preferences, many are adapting in innovative ways to stay competitive and maintain profitability. Adjusting pricing strategies...
Franchise cannibalization can be a severe issue for franchisees. It happens when a franchisor opens new locations too close to existing franchises. It causes a drop in sales and market share for the original stores. If you suspect your franchisor of cannibalization,...
Orlando has become a hotspot for national restaurant franchises. The city attracts brands eager to tap into its growing market. What draws these businesses to Orlando, and what legal factors make Florida so appealing for franchises? Booming tourism industry Orlando...
Expanding from a single franchise business to a multi-unit empire can be a lucrative venture, but it also brings significant complexities. Understanding these challenges is crucial to handling the increased risks and achieving successful growth. From one to many:...
