Business owners are constantly looking to expand their businesses. There are typically two ways to expand a business. One is to open multiple locations with designated managers, but all owned and operated by a single owner. The second is to franchise the business by distributing goods and services through a licensing relationship. Essentially, a franchisor will not specify the products or services that will be offered by the franchisees, but also provide them with an operating system, brand and support. To begin planning to franchise, you must first brand yourself. As a franchisor, or brand owner, you do not manage and operate the locations that serve consumers their products and services on a day-to-day basis.
There are single unit and multi-unit franchise agreements which grant the franchisee the right to open and operate one or multiple franchise locations. An area development franchise agreement provides the franchisee with the right to open a certain number of locations in a certain territory for a certain amount of time. An area representative franchise agreement gives the franchisee the right to open and operate franchise locations within a specified territory and to sell franchises to others within the territory.
We provide services necessary to establish and organize a franchise system along with continued representation for day-to-day legal needs. Creating a company, registering and protecting a Trademark, drafting Franchise Disclosure Documents, and obtaining state registrations are just a few of the all-encompassing journey that is franchising. Any business that is doing well, may want to consider franchising their brand and exploring the new opportunities franchising could bring.
From our offices in South Florida and Washington, D.C., we represent clients throughout the Miami-Dade County, Broward, West Palm Beach, Washington, D.C. and beyond. Call us at (786) 837-6787 or contact us us to schedule a consultation with an experienced business attorney.