There are many steps that should be taken before buying a franchise. The most-important is to read the entire Franchise Disclosure Document or “FDD” (that lengthy document that the franchisor provided to you, probably by emailing a .pdf copy to you). If you’re serious about this franchise, you should also have a lawyer who is experienced in franchising review the FDD; there are lots of issues an experienced franchise lawyer can spot that you might miss.  After you have read the FDD, it is very important that you call franchisees (in a small system, you may be able to call... READ MORE

Article written by Brian H. Cole, Associate Attorney, Chase Law Group, P.C. Have you ever considered looking into buying a franchise? There are many attractive aspects of this particular business model. Generally speaking, a franchise has an infrastructure already established to help owners and managers run the day-to-day operations, plus a known franchise has built-in brand equity. These are huge benefits for a business owner. On the other hand, like any business, there is a considerable amount of work, employee management, customer service and marketing efforts that the owner or manager will still need to take on and often follow... READ MORE