When you think of popular franchises you most likely think of fast food restaurants. Some of the most profitable and longest standing franchises in the United States are fast food restaurants such as McDonalds, Burger King, Wendy’s, Taco Bell and KFC.
Joining the world of franchising can be a little overwhelming at first. First, you should know the difference between the Franchise Agreement (“FA”) and the Franchise Disclosure Documents (“FDD”).
Failure to follow the formalities required under state law and by the FTC might unintentionally create a franchise agreement.
While the sales process time consuming and varies significantly from franchise to franchise, you should generally consider the following steps when selling your franchise.
Buying a franchise offers are variety of benefits, such as instant name recognition and a customer pool that is already familiar with and attracted to your products or services.
If you own a successful business that is unique to you and are interested in expanding, franchising could be a great way to do just that.
In Florida, there isn’t a specific statute that governs how a Franchise Agreement must be drafted. As a result, many
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