What Makes You a “Good” Candidate for a Franchise?

Aug 17, 2023 - Blog by |

As a prospective franchisee, you want to put your best foot forward. Once you do your preliminary research and decide on the franchise concept you want to pursue, you want to make sure you give yourself the best chance possible to move forward with an acquisition. While some franchisors are desperate for franchisees, these probably aren’t the franchisors you want to consider (at least not without being very careful). On the other hand, if a franchisor only has a select few desirable territories left in your area, you will want to do everything you can to make sure you don’t miss out on a good opportunity. 

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Buying a Hotel Franchise in 2023

Jul 24, 2023 - Blog by |

The lodging industry is booming. Even with a slowdown caused by the COVID-19 pandemic, the lodging industry in the United States has experienced an average growth of 7.1 percent per year since 2018. As more people continue to travel both to and within the U.S., the industry appears poised for long-term growth as well.

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Buying a Franchise in Retirement

Jun 23, 2023 - Blog by |

If you worked your whole life while dreaming of being your own boss, you might be thinking about buying a franchise in retirement. For many people, it is hard to stop completely when they retire, and buying a franchise can seem like the perfect retirement project.

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Is Co-Branding the Right Multi-Unit Franchise Opportunity for You?

Jun 16, 2023 - Blog by |

As a franchisee (or prospective franchisee), purchasing and operating multiple units is one of the keys to increasing your profitability. Most franchises offer a restricted suite of products or services from a single retail location, and their revenue potential is limited as a result. Operating multiple units expands this potential, and, as a result, it is an option that many franchisees (and prospective franchisees) will find themselves considering.

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The “Dos” and “Don’ts” of Franchise Arbitration for Franchisees

May 31, 2023 - Blog by |

For franchisees, pursuing franchise arbitration can often be the best (and only) option for resolving contentious disputes with their franchisors. Not only is arbitration generally less costly and time-consuming than litigation, but franchise agreements frequently include “mandatory arbitration” clauses that prevent franchisees from asserting their legal rights in court.

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10 Tips for Preparing to Arbitrate a Dispute with Your Franchisor

May 24, 2023 - Blog by |

Arbitration is an alternative dispute resolution (ADR) process that is designed to be neutral while also being less expensive and less time-consuming than litigation. While the arbitration process achieves these goals in most cases, it is important to put the neutrality, cost and duration of arbitration into context. While the arbitration process is facially neutral, franchisors can (and do) take steps to sway the process in their favor. Additionally, while arbitrating a dispute may be less costly and less time-consuming than going to court, franchisees still must often think carefully about whether it is truly worth moving forward.

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