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Many franchisees end up owning and operating their franchise for decades, building not just a business but a long-term livelihood. One reason this model can be especially attractive is that it combines entrepreneurship with the advantages of an established brand. This...
You signed your franchise agreement 5 years ago. Business is running smoothly. You're turning a profit. It’s all good. Then the letter shows up in your email. Corporate is mandating a complete remodel. New flooring. Updated signage. Technology upgrades. Kitchen...
Severance agreements are powerful legal tools that outline the end of a relationship between an employee and employer. Large sums of money are at risk when this employee is a high level executive. It is important that those who find themselves navigating the end of...
Imagine launching a business with a recognizable brand, proven systems, and built-in customer trust from day one — that’s the appeal of becoming a franchisee. As a franchisee, you buy the right to operate under an established company’s name and follow its operating...
Your franchise agreement contains a section about minimum performance standards. It might be a monthly sales quota. It could be a requirement to serve a certain number of customers. Or maybe it's a revenue target you need to hit every quarter. This seems fair at first...
The fitness sector continues to do well, with large fitness enterprises and boutique gyms bringing in millions. Experts value the boutique gym sector alone at over $5.4 billion and project it to reach over $13 billion by 2032. With these numbers it is no surprise that...
Franchising can offer a relatively easy pathway towards business ownership. Those who are considering this path are likely aware of the many potential benefits, often including: Established brand recognition: Joining a franchise allows you to leverage an already...
Franchisees who are considering entering a franchise agreement often rely on the financial information provided by franchisors to help them make informed decisions. However, when a franchisor provides misleading financial information, it can lead to severe...
Franchising offers entrepreneurs a way to enter into certain markets with a proven model to achieve success. Contracts guide these relationships, most commonly the franchise agreement and option contract. It is important to carefully review the terms of these...
That old saying about something being too good to be true can hold true when it comes to franchise sales. In the franchise world, a franchisee who buys into a franchise that was, indeed, too good to be true, can find themselves facing frustration after frustration as...
