Be in business for yourself, but not by yourself.

Becoming a franchisee is one way to do that. By using the franchisor’s brand and business system, you position yourself to get into business without starting from scratch. 

Franchising is a unique – and wonderful! - business model for many entrepreneurs. It may seem simple, but any franchise transaction is a big deal. With most franchise agreements being 10-year commitments (excluding long-term commercial leases), a solid chunk of your money and time is at stake. You want to enter into any franchise deal with your eyes open and under terms that will position you to succeed.

Let me walk you through it…

Every opportunity is different.

nebolaw FDD Nebolaw

Whether you’re new to franchising or are a seasoned franchisee, each franchisor and franchise opportunity must be thoroughly evaluated on their own. A competent business lawyer can help you with all this.

  • Will this franchisor require me to run the business actively or can I be a passive owner?

  • Is the training and system they are offering worth the tens of thousands of dollars they’re asking for in a franchise fee?

  • Should I be concerned about the number of lawsuits against this franchisor?

We offer a range of services for new and existing franchisees. Our most popular service offering is our flat rate FDD (Franchise Disclosure Document) and Franchise Agreement Review.

 Why would you need to have your FDD and Franchise Agreement documents reviewed?

  • The franchise transaction is a long-term commitment (usually a minimum of 10 or 20 years)

  • The FDD is a very large document that most business owners don’t take the time to read (usually a minimum of 125 pages)

  • The franchise agreement can be negotiated in some instances

  • The FDD can contain confusing provisions

  • You need to be aware of potential red flags and unusual terms in the franchise agreement

We can help you:

  • Review and negotiate your franchise agreement

  • Review and negotiate a franchise development agreement

  • Evaluate the benefits and drawbacks of a franchise brand you are considering

  • Review and negotiation franchise consultant agreements

  • Have peace of mind throughout the process

See how we can take the stress out of buying a franchise and help you make an informed decision:

Related posts

Blog
A Professional Audit: Building the Right Team for Your Franchise
A Professional Audit: Building the Right Team for Your Franchise

Starting a franchise is an exciting journey, but having the right support is essential for success. There are other professional services to help franchisees, including insurance specialists, lenders, franchise search consultants, and business mentors. Each provides crucial guidance, from managing risks and securing financing to choosing the best franchise and addressing skill gaps. Building a strong support team enables you to navigate the complexities of franchising with confidence and establish a solid foundation for long-term success.

A Personal Analysis: A Critical First Step to Choosing the Right Franchise Opportunity
A Personal Analysis: A Critical First Step to Choosing the Right Franchise Opportunity

Before diving into franchise ownership, it’s important to conduct a personal analysis to determine if the demands align with your strengths, limitations, and goals. This process helps you assess key areas like physical health, risk tolerance, family support, working hours, and management skills. Taking the time to reflect on these aspects will guide you in choosing the right franchise opportunity that fits your lifestyle and ambitions.

Don’t Skip This Step:  10 Critical Questions to Ask Franchisees Before Signing a Franchise Agreement
Don’t Skip This Step:  10 Critical Questions to Ask Franchisees Before Signing a Franchise Agreement

Before signing a Franchise Agreement, thorough research is crucial. One of the best ways to assess whether a franchise is right for you is by speaking directly with existing franchisees. Our 10-question guide provides key insights to help you navigate these conversations and make an informed decision.

Steps to Become a Franchisee
Steps to Become a Franchisee

Franchising is a great business model – for those who understand how it works and are a good fit for it. It can be lucrative to buy a franchise and a great way for someone to get into business using a proven system.

Buying a Business - What’s the Process?
Buying a Business - What’s the Process?

Buying a business is a big deal. Even if the purchase is at a lower purchase price, your money, your time and your resources are still at stake. Making a good decision is important. Buying smart is critical.

In Business, Pick one Thing and . . . Focus on It
In Business, Pick one Thing and . . . Focus on It

For small business owners, the balance between working in the business versus working on the business can be a difficult one to strike. We often find ourselves putting out fires or addressing short-term issues, instead of focusing on taking actions that will result in long-term growth and profitability for the business.

The Franchising Model Is Unique
The Franchising Model Is Unique

Franchising is different. Unique. It is unique because (1) you’re dealing with a concept that has already been proven, (2) that concept comes with instructions, and (3) there is a third party who has a direct financial, ongoing interest in your success - the franchisor. It’s a great model for some. Is it the right model for you?