Buying a Franchise Out of College? Here are 3 Important Legal Considerations
Sep 22, 2021 - Blog by Goldstein Law Firm |College students are choosing entrepreneurship as an alternative to traditional career paths with increasing frequency. This includes pursuing franchise ownership. Several colleges and universities now offer franchising programs, and these programs are designed to help prepare students for the trials, tribulations and other day-to-day realities of life as a franchisee.
Special Considerations for Purchasing a Franchise After 50
Sep 17, 2021 - Blog by Goldstein Law Firm |While there has been a lot of coverage recently of individuals in their 20s and 30s entering the world of franchising, a significant percentage of all franchisees are over the age of 50. As a recent article published by the International Franchise Association (IFA) explains, “[f]ranchising can be an attractive investment for experienced executives, prior business owners, retired military professionals and individuals with a variety of life experiences who have the proven leadership skills needed.”
Are Health and Wellness Franchises Poised for Post-Pandemic Success?
Sep 15, 2021 - Blog by Goldstein Law Firm |Last month, franchise attorney Jeffrey M. Goldstein published an article discussing the resiliency of children’s franchises during the COVID-19 pandemic. A recent article in Franchising World magazine suggests that while the health and wellness industry has struggled since March of 2020, franchises in the health and wellness industry might be poised for post-pandemic success.
Children’s Franchises Have Shown Resiliency During the COVID-19 Pandemic
Aug 31, 2021 - Blog by Goldstein Law Firm |Some franchise categories have fared better than others during the COVID-19 pandemic. For example, while casual dining franchises have struggled (broadly speaking), many quick-service restaurant concepts that found ways to adapt by offering curbside takeaway and delivery have thrived. According to a recent article on Franchise Direct, child-related franchises have shown resiliency during the pandemic as well. Here, franchise lawyer Jeffrey M. Goldstein shares his thoughts on why that might be the case.
Why It Can Cost More NOT To Get a Franchise Business Review
Aug 26, 2021 - Blog by Goldstein Law Firm |If you are like most prospective franchisees, you are on a budget. Buying a franchise is expensive, and you need to make sure you make every dollar count. So, is it really worth it to pay for a franchise business review? Or, is it enough to make sure you have a reasonably clear understanding of the terms of the franchisor’s Franchise Disclosure Document (FDD) and franchise agreement?
New 2021 Top Franchises List Ranks Both Franchisors and Categories
Aug 24, 2021 - Blog by Goldstein Law Firm |Franchise Gator recently released its 2021 Top Franchises List. Its list is somewhat unique from other franchise reviews in that it includes not only the site’s top-ranked franchises but also its three “Top Franchise Categories of the Year.”
What Does It Mean to Be a “Recession-Proof” Franchise?
Aug 17, 2021 - Blog by Goldstein Law Firm |In February 2020, we published an article titled, Is There Really Such a Thing as a Recession-Proof Franchise? While we would like to say that this was prescient, the reality is that it was simply a coincidence. However, what is not a coincidence is that the Franchise Business Review recently published a list of its Top 100 Recession-Proof Franchises. As the publication explains, the list “look[s] at today’s top franchise brands with the highest owner satisfaction and the greatest opportunity to perform in these historic times.”
What Happens to Franchisees When Franchisors Combine?
Aug 10, 2021 - Blog by Goldstein Law Firm |Luxembourg-based JAB Holding Co. recently announced that it will be combining Panera Bread, Caribou Coffee and Einstein Bros. Bagels under its newly-formed Panera Brands. As reported by the Franchise Times, “the goal is to spread the expertise at the top across all brands and make major investments in technology and growth easier to digest . . . [and t]he infrastructure that helped Panera become a dominant fast-casual cafe will help ‘turbocharge’ growth for Caribou and Einstein.”
Franchise Times Restaurant 200 Ranks the Biggest Franchisees
Aug 3, 2021 - Blog by Goldstein Law Firm |While most franchisees are individuals, couples or small groups business partners, some are not. In fact, the biggest franchisees are multi-billion-dollar corporations. The Franchise Times recently released its “Restaurant 200” list ranking the biggest franchisees in the restaurant sector. Here, franchise attorney Jeffrey M. Goldstein discusses some notable takeaways from the Franchise Times Restaurant 200.
Can Franchisors Require (or Prevent Franchisees from Requiring) COVID-19 Safety Measures?
Jul 30, 2021 - Blog by Goldstein Law Firm |With new variants spreading rapidly and vaccination rates remaining below what is necessary to gain control of the virus, the COVID-19 pandemic is continuing to play a major role in the way that many franchisees conduct business. Franchisees must make difficult decisions about whether (and to what extent) to impose restrictions and requirements, and they must do so while receiving guidance that seems to shift on a near-daily basis. They must take their franchisors’ requirements into account as well.
