If you are interested in purchasing a franchise, S. Barrett, P.C.is here to help. It is essential that, before you purchase a franchise, you know what lies ahead. Purchasing a franchise is not the same as purchasing a non franchised entity or starting a business from scratch. There are many potential minefields when you are dealing with a franchise. S. Barrett, P.C. can help you:
- Review and understanding of the Uniform Franchise Offering Circular (UFOC) and Franchise Disclosure Document (FDD);
- Conduct due diligence on the prospective franchisor;
- Compare the promises, opportunities and success stories contained in the promotional marketing materials provided by the franchisor with the representations made in the UFOC/FDD;
- Negotaite your real estate lease;
- Help set up the proper entity structure to purchase the franchise;
- Assist in the purchase or sale of an existing franchise.
Remember, the franchisor's documents are drafted to protect their interests, not yours. What is good for the franchisor may not necessarily be good for you. The franchisor charges up-front fees and gets paid royalties based on gross revenue; they make money whether you do or not, and you are contractually bound to pay the fees and operate your business in the manner the franchisor dictates. Proper up front planning and negotiations can help eliminate some of the potential hazards associated with franchising. S. Barrett, P.C. assists clients in making sound business decisions and protecting your interest.