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Definitions of Franchise Terms

What are the definitions of franchise terms that you should know before investing in a franchise?  Here are the definitions of the franchise terms that we believe are essential to know before you move forward in the franchise world. DEFINITIONS OF KEY FRANCHISE TERMS: FRANCHISOR The franchisor is the company that will be licensing their…

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Characteristics of a Bad Franchise

franchise law

Five Characteristics of a Bad Franchise I am often asked how someone would know if a franchise is a good one.  There are some clear signs and characteristics of a bad franchise that can be helpful.  Here are five examples of characteristics of a bad franchise that a prospective franchisee should consider. 1. NO SUPPORT…

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Buying An Existing Franchise – A Two Step Process

What Are The Two Steps To Buying An Existing Franchise Business? When you are buying an existing franchise business it is a two step process. A person must evaluate both the franchise investment opportunity (the franchisor/franchisee relationship) and the existing business opportunity (the seller/buyer transaction). This involves two very different steps that need to be…

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