2019-02-28 22:04
Legalese in Leases: 10 Terms You Need to Know as a Franchisee
If you are purchasing a brick-and-mortar franchise for the first time and have never laid eyes on a commercial lease, the combi… Read More
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2019-02-28 22:00
Buying a franchise is an exciting endeavor. After you’ve asked yourself the important questions, determined what franchise you can afford and hired a franchise attorney to assist in th… Read More
2018-10-26 17:29
When choosing a franchise to buy, budget is an obvious factor. With many first-time franchisees wondering where to start, the franchise attorneys at Soden & Steinberger, APLC can offer b… Read More
2018-10-26 17:19
You’ve decided you want to buy a franchise, consulted a franchise attorney, and confirmed you have the means to move forward. Now comes the fun part: deciding on a franchise. From reta… Read More
2018-08-23 19:27
When purchasing a franchise, it’s important to evaluate, understand, and negotiate the assigned territory; this is the area within which your location is protected by the franchise agr… Read More
2018-08-20 22:23
When compiling the Franchise Disclosure Document (FDD), franchisors must consider closely the laws that shall apply to the franchise agreement. You want to be honest and transparent with pro… Read More
2018-06-22 21:42
Signing a multi-unit agreement to buy several franchise territories can unlock fantastic savings on franchise fees and exponentially increase the opportunity for return on your investment. F… Read More
2018-06-21 21:23
Business is a world in flux. With circumstances, processes, and dynamics constantly changing, franchisors need to be mindful of material changes and meticulous in amending their Franchise Di… Read More
2018-04-25 16:00
The term “Discovery Day” can be a bit misleading. While there is certainly an element of discovery in a prospective franchisee visiting your company and meeting stakeholders for… Read More
2018-04-23 16:56
Think you’ve found a qualified and serious franchisee? Fantastic. The next step is to host a Discovery Day, where you will give this person an inside glimpse at running a franchise of… Read More
2017-11-08 22:26
Did you ever play board games as a kid with a friend who made up the rules? It can be extremely frustrating to finally start making traction only to have the rules change half way through.
… Read More
2017-10-23 18:09
Every year that goes by, the world seems to get smaller. For anyone in the business realm, expanding out of your area can be as simple as hopping online or creating a website. When that expa… Read More
2017-10-05 21:14
As a general rule of thumb, every franchisor will want to build a non-compete into their Franchise Disclosure Document (FDD). Once you give a franchisee the complete playbook to running and… Read More
2017-09-21 20:59
I’ve stressed the importance of trademarks on many occasions. In short, owning (and controlling) the brand name is essential on the journey of franchising. It’s one of the many r… Read More
2017-09-06 19:47
For individuals seeking the rewards of entrepreneurship but looking for a safer bet when launching into the business space, purchasing a franchise is a great route to go. Some even refer to… Read More
2017-08-16 19:44
As a franchise lawyer, I see the incredible value for business owners to take a proven business model and rapidly expand through franchising. It also builds in revenue streams and places ded… Read More
2017-08-09 19:45
Wouldn’t it be great if we took a page out of Disney’s book and everything finished with a happy ending? Unfortunately, real life doesn’t include fairy godmothers, genies… Read More
2017-07-31 17:29
In case you haven’t noticed, we’re in the midst of a marketing revolution. With the rise of social media, video, and whatever the next new platform brewing below the surface is… Read More
2017-07-11 16:26
So you’ve found a franchise you want to buy into and are eager to jumpstart the process. Then comes navigating all the paperwork. At this point, you’ll be introduced to the Franc… Read More
2017-06-27 18:53
Let’s be frank for a moment. The Financial Performance Representations, item #19 in the FDD, carry serious weight in determining if you purchase a franchise. It addresses the burning q… Read More
2017-06-20 17:49
As business men and women, we’re always on the hunt for the “next best thing.” But once we venture into the franchise world, we need to balance the necessity of a proven mo… Read More
2017-05-23 18:54
Converting your thriving business into a profitable franchise will bring about a seemingly endless laundry list of decision-making. One you will need to face is setting the best term for fra… Read More
2017-05-22 13:00
As you prepare to close the deal on your first franchise, you will be offered a one-time opportunity for purchasing additional units. This is the multi-unit agreement. To incentivize the pur… Read More
2017-04-20 13:00
The franchise fee varies between franchises, but aspiring franchisees need to have a general idea of what to expect when it comes to covering the initial fee. In my experience, the average f… Read More
2017-04-03 13:00
You need an exit strategy. It’s as plain as day, yet most new franchisees never address the idea of leaving their business one day. All the excitement centers on opening and growing. I… Read More
2017-03-28 13:00
It might sound funny to read, “Choose which law you want to enforce,” but for franchises expanding outside of their state of origin, there comes a moment when a franchisor needs… Read More
2017-03-08 22:51
As franchisors, we all strive to sell units quickly. Especially for franchisors just starting out, the main focus tends to narrow in on closing the initial deal.
Unfortunately, selling the… Read More
2017-02-21 18:26
We’ve all taken note when a celebrity comes to the stage for a product. How could you forget the iconic Air Jordans that dominated streets in the 80s and 90s? Every time you pass Chane… Read More
2017-02-10 19:08
California’s recent legalization of recreational marijuana caused a giant stir in the business world. With any high-growth industry, entrepreneurs are forming what’s being referr… Read More
2017-01-10 22:11
Despite the nature of contracts to be ironclad documents, agreements evolve and grow over time. Many times it marks the continuation of a relationship or adjustment for circumstances that co… Read More
2017-01-03 22:12
Purchasing an existing franchise helps reduce risk. Rather than vetting a franchise with the hope that it thrives in your specific region, the current operator has already proven the model i… Read More
2016-12-21 23:57
It’s no secret that business often outpaces local regulations, city ordinances, or zoning regulations. When reviewing the rapid advance of the tech space or the current litigation foll… Read More
2016-12-16 21:08
It’s hard to consider certain possibilities in our life. Whether it’s creating a will, designing an exit plan, or getting affairs in order, people naturally stray away from activ… Read More
2016-12-06 23:54
Sitting down to the final contract signing with a franchisee marks an important moment in a franchisor’s path to growing their business. Despite the anticipation and relief between all… Read More
2016-12-06 22:10
Ultimately, the defining factor when reviewing territory comes down to a single question: “Do you have a large enough customer base to be successful?” While there are several com… Read More
2016-11-08 19:12
Bottom line, there is no better exit strategy from owning a franchise unit than selling it. Only this option gives you the ability to retain the equity you built into the unit as well as cas… Read More
2016-11-02 15:19
While there can be prestige in developing your business into a franchise, that’s not why you put in the massive amount of work and invested heavily into growing your business. You&rsqu&hell…Read More
2016-10-20 03:47
There are many aspects of franchising that factor into the overall success. Creating the FDD, recruiting franchisees, and developing proprietary products typically take the spotlight. One th… Read More
2016-10-05 03:43
With franchises that require a brick and mortar location, it’s essential to ensure that the lease works in favor of the franchisee. Over my years practicing real estate law, I’ve… Read More
2016-09-23 03:46
Frustration runs prevalent when, as a franchisor, you invest a lot of time and money courting a prospective franchisee only to have the deal blow up in the final stages.
Having worked with n… Read More
2016-09-07 03:45
The temptation to go national out of the gate when launching a new franchise will be strong. If you haven’t filed in a registration or filing state, you are not allowed to talk to inte… Read More
2016-08-04 13:00
Brokers can be a great mechanism to rapidly grow your franchise. Particularly for corporations without the financial means to employ in-house staff or purchase leads out of the gate, it's a… Read More
2016-07-15 13:00
Entrepreneurs have a drive to do it themselves. It’s the secret sauce behind their success. At times, it can also be a hindrance. If creating your own product to sell through your fran… Read More
2016-07-07 13:00
PLAYLive, the innovative gaming franchise I am a minority owner of, is rapidly approaching its third year. As any franchisor knows, launching a new franchise brings an oscillating journey fi… Read More
2016-06-14 13:00
Evolving your current business into a thriving franchise is a more comprehensive process than most business owners realize. At its core, you are transitioning from selling your current produ… Read More
2016-06-02 13:00
Protecting the name of your business is a vital step toward franchising. It also has other important business implications. Think of it as the modern-day version of staking claim to land in… Read More
2016-05-17 13:00
When your business reaches a certain size, it’s only natural to explore options for extensive growth and scale. With PLAYLive, we chose the franchising model. The ability to scale with… Read More
2016-05-03 13:00
The National Labor Relations Board ruling labeling McDonald’s as a joint employer triggered a wave of concern in the franchising world. It took a step in the wrong direction for franch… Read More
2016-04-18 13:00
The key to building a prosperous franchise is to place quality franchisees at the helm of your business. As a long-time franchise lawyer and part franchise owner, I cannot stress enough how… Read More
2016-04-05 13:00
Purchasing a franchise is not only a large investment, but there are also several aspects of running a business that open you up to liability. Partner with experienced professionals througho… Read More
2016-03-16 13:00
At the end of 2015, we had 54 franchises sold. Of the 54 sold, we had 14 open and operational as we brought in the New Year.
Getting 54 sold was no small feat and definitely something to be… Read More
2016-03-09 14:00
We’ve all seen advice from the Internet that looks far from credible. There are the questionable websites promising countless get rich quick schemes. Weight loss is as simple as a eati… Read More
2016-01-28 22:08
Having an extensive background in real estate law, I thought I was well prepared in helping the new PlayLive Nation franchisees navigate the challenges of securing a lease in different marke… Read More
2016-01-19 00:54
Franchisors that are serious about developing additional revenue streams in their franchise will ultimately explore proprietary products. By creating new products either under the brand or a… Read More
2015-12-07 18:24
In October, California Governor Jerry Brown signed the strongest law for protecting franchisees in the nation. While California has been leading the efforts around regulating franchising sin… Read More
2015-11-18 18:19
PLAYLive has had an exciting year! As a part owner of this franchise, it’s very fun to watch the business continue to grow. While as a franchise there is still a long road ahead to sus… Read More
2015-11-06 19:03
I’ve informally mentioned my role as a part owner in a new franchise that is taking the Pacific Northwest by storm. This month my first distribution check comes in and I therefore want… Read More
2015-11-06 19:00
For brick and mortar franchisees, securing your real estate transaction carries a significant weight on your future success. Not only is it a substantial investment, most of the time you are… Read More
2015-09-30 20:59
Setting your own schedule. Being your own boss. Taking control of your professional and financial path.
These visions float through the mind of many individuals feeling stuck in their curren… Read More
2015-09-22 20:55
Going through the purchasing phase of a franchise spikes the adrenaline and fills your mind with endless optimism. That’s great! You should be energized by your new endeavor.
But let&r&hell…Read More
2015-08-26 23:28
If you’ve been exploring the waters in the world of franchising, you’ve come across the term “due diligence.” This marks the final phases of committing to purchase a… Read More
2015-08-12 13:00
Businesses looking to expand often find themselves at a crossroads: franchising vs. traditional expansion. Despite experts trying to sway you one way or another, there’s no cookie cutt… Read More
2015-07-30 16:01
While litigation sounds technical, it boils down to resolving a dispute. That’s it. Simple in theory, but as these disputes become more intricate, so does the process. Child custody is… Read More
2015-07-09 16:12
Diving into the world of intellectual property can be overwhelming. Especially when it comes to protecting and monetizing your information.
Before getting started, you may ask yourself… Read More
2015-07-09 16:12
2015-07-09 16:12
Diving into the world of intellectual property can be overwhelming. Especially when it comes to protecting and monetizing your information.
Before getting started, you may ask yourself… Read More
2015-06-23 22:10
It’s not unheard of to have a prospective franchisor disheartened at the volume of work needed to franchise property. I’ve had a few come through my office over the years. … Read More
2015-06-08 13:00
Investing in a franchise is no small commitment. Depending on the longevity and brand recognition, the initial franchise fee could be anywhere from $10,000-$50,000 for a single unit. Add tha… Read More
2015-05-28 23:24
Every now and then I have a prospective franchisor that wants to consider licensing as an alternative to the formal franchising process. I understand their motives. At first glance, licensin… Read More
2015-05-28 23:24
Meeting with a lawyer is an investment. If you choose a high caliber franchise lawyer, it can be a substantial investment. This is necessary to ensure the success of your franchise selection… Read More
2015-04-27 17:25
Purchasing a franchise blends together several complex and regulated areas of life: investment, business and law.
Case and point, you invest a sizeable initial amount into a business through… Read More
2015-03-25 20:06
It’s not uncommon for franchise brokers to be approached by businesses considering franchising. You are, after all, at the forefront of the franchising industry. As someone who is imme… Read More
2015-03-10 20:02
I know that being a franchise broker can be challenging. Securing franchise partners takes time. Buyers need to be vetted. Deals fall through. Financing doesn’t get approved. Potential… Read More
2014-11-06 07:01
Hold your breath! Bob rappels off of the San Diego Hyatt to raise money for Brain Cancer Research. Thank you to everyone who generously donated over $2,200 for the cause!
Bob Rappels Off Th… Read More
2014-09-08 18:59
People choose to buy into a franchise for many reasons. Some seek the freedom of owning their own business, but rely on the security of choosing a business model with a standing history of s… Read More
2014-07-23 17:41
Once all the ink is dry, the forms are filed and everything is approved marking the birth of your franchise, the next step is to attract potential franchisees. You need quality, high-octane… Read More
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