Buying a Franchise

Are you thinking about buying a franchise? Proceed with caution!

Many people who decide to buy a franchise do so with less actual “shopping around” than they would if they were buying a car or a television set. A franchise, however, may be the biggest investment many people ever make. We can help you make a decision to buy a franchise wisely and with your eyes open.

Please look at our Resource Center and review our suggestions on buying a franchise, as well as our checklist of Hot Button Items. While these points cannot substitute for good advice from a franchise lawyer tailored to your situation, they will give you an overview of some of the basic things you should know about buying a franchise.

Once you’ve reviewed our Resource Center, you should have a knowledgeable franchise attorney review your Franchise Disclosure Document (“FDD”), franchise agreement and related documentation. We can do this for a flat fee of $1,500 which will include:

arrow A written review of your FDD and franchise agreement that will discuss:

    •  legal issues that you should be aware of and may want to negotiate with the franchisor;

    • business issues (such as unreasonably high fees, or burdensome reporting requirements); and

    • A list of “next steps” for you to pursue in deciding to purchase.

arrow Up to a one-hour consultation to answer your questions and assist in taking those next steps.

For further information, contact us now.

 

 

More About our Expertise and Services

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Fraud and Misrepresentation »
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Franchise Encroachment »
Franchise System Changes »
Buying a Franchise »
Getting Out of a Franchise »
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Are Franchises Safer than Independent Businesses?

It is often said that if you buy a franchise, your risk of failure will be much less than with an independent business. While it is true that some franchisees of some well-established franchisors will be safer than most independent businesses, studies have shown that, on the whole, franchises are no safer than other businesses.

 

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