Author: Goldstein Law Firm
The Franchise Times recently published two articles highlighting franchise systems that experienced growth during 2020. While the fact that a franchisor experienced year-over-year growth isn’t normally newsworthy, 2020 wasn’t a normal year. As we head into 2022 with the COVID-19 pandemic still playing a prevalent role in our day-to-day lives, prospective franchisees may benefit from considering the sectors that have fared best in the pandemic so far. Franchisee attorney Jeffrey M. Goldstein explains.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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:
Read More
When buying a franchise, it is important to engage a reputable franchise law firm to conduct a franchise business review. This is your one chance to make sure you avoid mistakes that could put your franchise in jeopardy unnecessarily, and you cannot afford to overlook legal risks during the buying process.
Read More
In August 2021, the Franchise Times reported that about 30 percent of McDonald’s dining rooms in the United States remained closed as a result of the pandemic. However, the article also quoted McDonald’s CEO Chris Kempczinski as stating that, “By Labor Day, barring resurgences, [the number of restaurants with open dining rooms] will be nearly 100 percent.”
Read More
According to the Franchise Times, “El Pollo Loco is set to be the first quick-service restaurant to test drone delivery in the U.S.” The publication reports that the “LA Mex” brand will begin testing at 10 locations in Southern California, and it will be working with the same third-party drone operator used by 7-Eleven. Undoubtedly, more brands both within and outside of the QSR sector will soon follow. So, what if your franchisor says you need to start offering drone delivery? Here are some important considerations from franchise lawyer Jeffrey M. Goldstein:
Read More