Just like owning any other type of business, owning a franchise entails a variety of risks. When buying a franchise, understanding these risks is important. Effective risk management is critical to franchisees’ success, and prospective franchisees must work with an experienced franchise lawyer to ensure that they are making informed decisions with their long-term interests in mind.

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Boston has become a hub of the franchising world in recent years. Both new and well-established franchisors are targeting growth in the area, although quick-service restaurants (QSRs) are not as popular here as they are in many other major U.S. cities.

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If you are thinking about buying a franchise, you are probably familiar with the main costs involved. You will need to pay an initial franchise fee when you sign the franchise agreement, and you will need to pay monthly (or weekly) royalties and advertising fees based on your gross revenue. But are there “hidden” costs you should be aware of as well?

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So, you’re thinking about buying a franchise in Philadelphia. You’ve got a concept in mind (or maybe you don’t), and you need to know your next steps. What do you need to do to set yourself up for success? What mistakes do you need to avoid during the buying process? Can you trust the information the franchisor gives you? Here’s what you need to know.

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What should you do if your franchise is struggling? Unfortunately, this is a question that many franchisees find themselves asking in 2023. As the economy continues to struggle and inflation remains well above average, owning a successful franchise today is as difficult as ever.

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If you are thinking about buying a franchise in 2023, you are not alone. As a whole, the franchise industry is continuing to expand, and market analysts are predicting continued growth over the next five years.

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As 2022 comes to an end, it is time for our annual Year in Review. Here is a look back at some of the top articles we published throughout the year.

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Lots of law firms—including ours—publish articles discussing how to buy a franchise. But, few legal commentators, if any, discuss how not to move forward with a franchise opportunity.

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As a franchisee, you will quickly become familiar with the lopsided nature of the franchise relationship. But, while franchisors exert significant control over their franchisees, there are practices that go too far. These unfair franchise practices will entitle franchisees to remedies in many cases—but franchisees who fall victim to these practices need to know when it is time to assert their legal rights.

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While the rising inflation in the United States has impacted all types of businesses, it has hit many franchisees particularly hard. Not only are many franchises retail businesses that rely on consumers’ discretionary income, but franchisees’ royalty and advertising fund obligations limit their profitability as well.

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