What Are the “Hidden” Costs of Buying a Franchise?

Jan 31, 2023 - Blog by |

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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7 Tips for Buying a Franchise in Philadelphia

Jan 24, 2023 - Blog by |

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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When Can (and Should) Franchisees Sue for Unfair Franchise Practices?

Nov 30, 2022 - Blog by |

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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How Should You Approach Your Franchisor About Buying a Second Franchise?

Nov 21, 2022 - Blog by |

As a franchise owner, your options for scaling your business and maximizing your profitability are limited. Not only are you likely geographically limited by your territory, but your options for expanding and offering new products and services are likely limited as well. Perhaps unsurprisingly, this is by design. Franchisors want to extract as much revenue from their franchisees as possible, and, as a result, when franchisees want to expand, their only viable option is often to buy a second franchise.

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