Monthly Archives: October 2021
Whether you are thinking about buying a franchise or you are facing a dispute with your franchisor, you need to choose your legal representation wisely. The decisions you make will have long-term consequences, so you need to feel confident that you are relying on sound legal advice. With this in mind, here are seven key considerations when choosing a franchise law firm.
As a franchisee, facing a dispute with your franchisor can be a trying experience. You need to protect your investment—but does this mean giving in, or does it mean fighting for a just result? You need to make an informed decision about how to move forward, and you also need to be careful to avoid mistakes that could put your franchise at risk unnecessarily. Here are some insights from franchisee attorney Jeffrey M. Goldstein.
Buying an existing franchise at resale is very different from buying a franchise for a new location in a new territory. While some of the key steps and considerations are similar, there are additional key steps and considerations as well. In this article, franchisee lawyer Jeffrey M. Goldstein discusses what is involved in buying a franchise that is already up and running.
After two difficult years, lots of people have high hopes for 2022. Lots of people are also ready for a change; and, for some, this means exploring the world of franchising. If you are thinking about buying a franchise, there is a lot you need to know. Here, franchise attorney Jeffrey M. Goldstein shares five tips for buying a franchise in the coming year.
Fitness is one sector of the franchising industry that has been hit particularly hard by the COVID-19 pandemic. According to the Franchise Times, “[o]verall sales for the segment dropped to $5.8 billion last year. That’s a 23.8 percent decline as all but one of the gym brands suffered sales losses . . . .” However, while that one gym brand, Burn Boot Camp, saw a 12.2 percent increase in sales in 2020 compared to 2019, that came with a 16 percent increase in franchised outlets. As a result, as franchise lawyer Jeffrey M. Goldstein explains, anyone who is considering a fitness franchise must look at the numbers very carefully before moving forward.
The Franchise Times recently released its annual list of the 400 largest U.S.-based franchise systems. Unlike many other “top franchises” lists and franchise reviews, the Franchise Times Top 400 focuses solely on systemwide sales. As the publication explains: