Sydney Morning Herald (blog): Question: I am currently working as an accountant but I am looking to buy a franchise in the hospitality industry (a cafe). What should you look for before making a commitment to purchase a business? What can I do to minimise the risk? Answer: I am not sure whether you are […]
Franchising Can Be Risky Business Read More »
Forbes: Jerry Flanagan is a 45-year-old Army and National Guard veteran from Wayne, Pa., who thinks returning vets should have a shot at owning their own business. He’s the owner of a year-old startup, J-Dog Junk Removal, and he’s putting his opinion practice by franchising his business — only to veterans. Does that make J-Dog
Can One Startup Grow By Franchising Only To Veterans? Read More »
CSPnet.com: After wrapping up its 37th annual convention and trade show, the National Coalition of Associations of 7-Eleven Franchisees (NCASEF) outlined its recent successes and future challenges. In 2012, NCASEF joined in supporting the class-action lawsuit by NACS and other groups against the Federal Reserve for ignoring the Dodd-Frank Wall Street Reform & Consumer Protection
7-Eleven Franchisee Coalition Takes Stock Read More »
NuWire Investor: Experts advise prospective franchisees to carefully review their franchise disclosure documents (FDD) before committing to the purchase of a franchise. Item 20 in the FDD discusses the sale of the franchise and the termination or transfer of the franchisor-franchisee contract. Sometimes these contracts include stipulations for franchisor consent the right of first refusal
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National Post: The disclosure document is the centrepiece of franchise law in Canada. In those provinces which have franchise legislation, franchisors are required to provide prospective franchisees with a sufficient amount of background on the system via the disclosure document so that those prospects can make informed investment decisions about whether they want to become
Why Can’t Franchise Legal Documents Be Written In Plain English? Read More »
KSPR: Little Sunshine’s is a for profit preschool and daycare center. The company was started by a 21-year old entrepreneur in 2005. In 2009 they filed suits against two of its franchisees for unpaid royalties. Those franchisees sued back claiming breach of contract and lack of support. The suits were settled in court and Little
Little Sunshine’s Adds Franchisee, Leaves Lawsuits Behind Read More »
Franchising.net.au: It is now 45 years since the Beatles, in the world’s first live global television link, informed 400 million people in 26 countries that “all you need is love”. It’s a powerful slogan with a simple message and universal appeal. Why then the question mark? Is love not all you need? Well, in the
Franchise Investment: All You Need Is Love? Read More »
Small Business Trends: I have a challenge for you, if you’re up to it. Are you ready? I want you to ignore every pre-conceived notion you have about franchising for a few minutes. Pretend that it’s your first time learning about the franchise model. Be at one with the newness of it. Deal? Let’s say
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StartupSmart: Franchisees and franchisors have been urged to do as much as “humanly possible†to scope each other out before entering into an agreement, as a court battle kicks off involving 10 former Bank of Queensland franchisees. In what will be a nationally-watched case, 10 former Bank of Queensland owner-managers are seeking damages because of
BoQ Franchisee Court Case Serves As Due Diligence Reminder Read More »
Washington Post: An Ohio franchisee who runs several western Pennsylvania Panera Bread stores has agreed to pay more than $76,000 to settle discrimination claims by current and former black employees. Chief U.S. District Judge Gary Lancaster on Monday told attorneys for Guy Vines, the black worker, and the company he sued in January, Warren, Ohio-based
