Who We Help…..
A national franchisor had a franchisee who would not sign a renewal on a franchise agreement. The franchise agreement expired 9 months ago. The franchisor wanted to shut down the franchise, but he was concerned. What if the franchisee sued. Litigation is expensive, even if you win. Also, the franchisor would lose money. There would be no more royalty payments if the franchised business closed. We arranged for both parties to participate in a conference call, ironed out their differences, resolved their dispute, and the result was a signed agreement. For more information about how we can help click here.
Bob left his corporate job 5 years ago to start a business with his wife. This was a business that he enjoyed, that was his passion. After five years, he opened 4 locations and business was great. Bob had a successful business. He wanted to continue expanding to other locations. Franchising offered Bob a way of opening new locations, without operating the locations himself. We worked with Bob to write a manual on how to operate one of his locations. We registered his trademark, and we drafted the necessary agreements and disclosure documents. Today Bob continues to expand. He sold his first franchise. He says that he is working with several other people interested in opening other franchises. For information about the services that we offer click here.
Lynn accepted an early retirement package from her employer of 25 years. She was not ready for retirement. She was browsing on the internet. Lynn found a franchise she was thinking of buying. It was a huge commitment. She would have to use some of her savings and perhaps some of her retirement to start-up the franchise business. She read over some of the agreements and disclosures the franchisor gave her, but she still was not sure. Are the initial investment costs reasonable? If the franchised business does not work-out¸ could she sell it? Lynn hired us to complete a prospective franchise review and engaged us to negotiate some changes to the franchise agreement with the franchisor. She decided to buy the franchise; she now felt more comfortable, because she knew the risk and benefits. She learned that her franchise investment was reasonable compared to other franchise opportunities and with the negotiated changes, she was able to remove some of her risks. For information about our Services for Franchisee and Prospective Franchise Review click here.
Jason, a CEO of national franchise system, called us. He needed to have his franchise disclosure document (FDD) updated. His old attorney sent him a huge package each year that he needed to complete in order to do the update. Completing the package took hours. He felt like each year he was re-writing the same information. Didn’t the attorney already have the information? When he asked us to the complete the FDD update, he was amazed that we used a simple electronic questionnaire that had a list of basic ‘Yes/No’ questions about what changes had occurred and a fill in the blanks section for collection of year-end data. Some of the ‘Yes/No’ required some follow-up, but what a relief not having to wade through all the paper work. For more information about how we can help click here.
