If you're looking for a new career, a way to earn extra money, or both, you might consider buying a franchise in Florida. Before making this type of decision, it's a good idea to learn about franchise fees. These are fees you must pay to become a franchisee. With that...
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When a franchisee goes viral for all the wrong reasons
We’ve all seen the viral videos of the various egregious and often racially tinged incidents featuring an individual whose rights are being trampled by the employee(s) of a nationally known franchise. When this occurs, the franchisors must act quickly to rein in the...
Watch out for signs that a franchise opportunity is not good
Owning a franchise can offer you many potential advantages. The most valuable possible benefit is receiving high returns on your investment in the business opportunity. Many franchise owners in Florida enjoy a lucrative income from operating franchised businesses....
What expenses could a business interruption insurance policy cover?
Franchise owners in Florida are wise to have a business interruption insurance policy. Examples of negative occurrences that a policy typically covers are fire, lightning, wind, falling objects and theft. You can get business interruption insurance either on its own...
Is it important to review the franchise disclosure document?
Franchise disclosure documents, or FDDs, describe your relationship as a franchisee with your franchisor. The documents detail out the benefits of working together as well as information about the opportunity. The franchise disclosure document is present before you...
Tips for negotiating your franchise agreement
If you're considering starting a business in the sunny state of Florida, you may want to look into obtaining a franchise. Franchises are businesses that are focused on sustainable replication for business expansion. Before you can open a franchise store, you'll need...
Is your franchise territory exclusive or protected?
Defining your territory is vital when you sign up for a franchise. You do not need to mark out your boundaries physically. What you need is to define your territorial limits in your franchise agreement. Franchise document wording uses two terms to talk about...
Does your franchisor treat you the same as other franchisees?
As a franchisee, provided you do a good job, you would expect a fair shot when you apply for the franchise for further stores. You have as much right as anyone to apply to take on more premises. Some of McDonald’s franchisees claim this has not been the case....
What to know before buying a franchise
Buying a franchise is a popular way to get into business ownership. Many entrepreneurs in Florida know that it can be easier to start off when they have a name that consumers recognize. Choosing what company to franchise with is a big decision, so it's a good idea to...
Dealing with franchise disputes
Many people in Florida become franchisees with the hopes of running their own business. Owning a franchise allows you to join a company that's already successful and get some management experience. However, becoming a franchisee also has a special set of challenges...
