Monthly Archives: October 2023
We write a lot about franchising on our blog. Over the years, we’ve covered topics ranging from what you need to know before buying a franchise to what you can expect during a dispute with your franchisor. But there’s one question that we’ve never answered directly.
The Franchise Times recently published a list of its “Breakout Brands” in franchising. The list highlights a handful of concepts that are “[b]eginning their journey up the annual Franchise Times [Top 400] ranking” after they “turned in notable performances in 2022.” If you are thinking about buying a franchise, should you put a “breakout” concept on your list? Here are some key considerations from national franchise attorney Jeffrey M. Goldstein.
Buying a franchise is a big deal. It is a major investment, and if you will be running the business, your franchise will soon consume your daily life. As a result, informed decision-making is critical. So, what do you need to know before you buy?