Monthly Archives: September 2022
The Franchise Times recently released its Top 500 for 2022. While the top of the list is still dominated by some of the world’s most well-known franchised brands (i.e., McDonald’s, 7-Eleven and KFC), the list also provides some key insights into the COVID-19 pandemic’s effects on the franchise industry.
Top 10 Reasons to Speak to a Chicago Franchise Litigation Attorney Before Signing a Franchise Agreement (Especially in a Post-Pandemic World)Sep 23, 2022 - Blog by Goldstein Law Firm |
When buying a franchise, making informed decisions is critical for maximizing your chances of success. This is a multi-step process that starts with hiring an experienced Chicago franchise litigation attorney to guide you through the process.
While multi-unit opportunities have long been available in the franchise industry, they are becoming increasingly popular among first-time buyers. Buying multiple units increases upside potential, and many new franchisors promote multi-unit opportunities as a way to quickly increase their sales figures.
Buying a franchise requires careful consideration of a multitude of business, financial and legal factors. Prospective buyers need to make informed decisions that take all of these considerations into account. On the business side, location is a top priority (even for mobile franchises), and this is especially true when buying a franchise in a major city like Chicago.