Franchisees Voice Frustration

Offlicence News:

Threshers franchisees seeking to secure their independence are growing frustrated with legal delays and rising costs.

KPMG has agreed to surrender the head-leases of stores which don’t meet its blanket £10,000 valuation, leaving franchisees to negotiate directly with landlords over new terms.
Blake Lapthorn, the law firm representing the majority of franchisees, said the result was “excellent”, but some franchisees have expressed annoyance with the speed of the process and the costs being racked up.

One angry franchisee described the legal fees as “silly money” and said landlords of properties occupied by franchisees were becoming impatient and looking for alternative tenants.