A Franchise Advisory Council (FAC) is a committee of franchisees who, together, provide the franchisor with input as well as insight on how to improve the system. Generally, a group of franchisees, which are those that operate a location under the franchise agreement, come together to create this type of panel. It provides outstanding advice and guidance to the franchising …
Pay Close Attention to Item 19 in the Franchise Disclosure Document
Every component of a franchise contract is important. However, there are some portions of the franchise disclosure document that seem to be more valuable to understand than others. For example, Item 19 of the franchise disclosure document is one of the most important, and most complex, sections. It is essential for anyone entering a franchise agreement to understand, though. So …
What Are the Most Common Terms Franchisors Are Negotiating?
When it comes to the creation of a franchise agreement, some areas are open for negotiation. The two most common areas that are being negotiated in these agreements are territory and the ability to transfer the franchise and include it in estate planning decisions, and trusts. Negotiation is possible in other areas of the franchise agreement, but some franchisors may …
Negotiating Your Franchise Agreement: What You Need to Know
Buying a franchise could be a lucrative opportunity for you. However, if you fail to take a few specific steps, it could lead to a significant risk. Potential franchisees are not experts in the legal transactions in most cases. That’s why having a bit of background information and support can help you ensure this process goes as smoothly as possible. …
Challenges You Face When Starting Your Own Franchise
Anyone who owns a business and is thinking about turning it into a franchise needs to understand the kinds of challenges they’ll be facing. As a franchisor, you must understand the laws, rules and regulations that affect you and your franchisees. In order to have that understanding, you want two things: perspective on the issue and proper legal representation. With …
5 Reasons You Should Buy a Franchise
Buying a franchise could be your goal, but is it a profitable option for you? Many people today want to own a business, but they don’t want to struggle through the turmoil of a startup. Plus, you may not really have a new concept that’s ready to go. Franchising gets you in the door and making money sooner. Consider these …
Franchise Business & Opportunities Expo – Austin
Face to face discussions with North America’s most successful franchisors with proven track records. Find the businesses that excite you, shake hands, and say hello! Largest showcase of money-making, full-time and part-time businesses from every industry now looking for owners. February 29th & March 1st, 2020: Austin Convention Center – 500 E Cesar Chavez St, Austin, TX Sat. …