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Bundy & Fichter PLLC

FAQs About Franchising Your Business

You have a thriving business that is running smoothly, and you start thinking your concept could make a good franchise opportunity for others. This would not only expand your brand but also guarantee you a monthly revenue from any franchisees who sign up.

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Bundy & Fichter PLLC

Understanding the Importance of a Franchise Business Review

If you’ve just attended a franchising convention or a sales presentation, read an inspiring novel, or have a dream in front of you, it’s like you want to hop on the bandwagon and enter a franchise opportunity. Visions of instant profits float before your eyes, and you’re ready to pull out your checkbook, pay the franchise fee, and sail into a golden future.

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Bundy & Fichter PLLC

When is the Right Time to Franchise Your Business?

In the mid-19th century, Isaac Singer had an idea on how to market his namesake sewing machine across the nation—and thus the franchise industry was born. The industry, needless to say, has grown exponentially to the point where, in 2020, there were 753,770 franchises in the U.S.

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Bundy & Fichter PLLC

What You Should Know About Buying a Franchise Resale

Buying a franchise resale is a popular way to become a business owner in the United States. A franchise resale is buying an existing franchised business that has been owned and operated by a previous franchisee. According to the International Franchise Association (IFA), there were an estimated 780,000 franchise establishments in the U.S. in 2021. A significant number of those are available for resale at any time.

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Bundy & Fichter PLLC

Things to Consider Before Franchising Your Business

When we hear the word “franchise,” most likely the image of the Golden Arches and McDonald’s comes to mind. McDonald’s truly is one of the most successful franchises, with its presence now spanning the globe and generating billions in sales.

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Bundy & Fichter PLLC

Your Rights as a Franchisee

While the website Statista reports 753,770 franchises were operating in the United States in 2020 (with McDonald’s and 7-Eleven ranking one and two revenue-wise), Entrepreneur magazine’s 2022 Franchise 500 Ranking lists Taco Bell and the UPS Store as the best opportunities for new franchisees.

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Bundy & Fichter PLLC

NEW STATEMENT OF POLICY – TIME FOR COMMENT

The North American Securities Administrators Association (NASAA) recently released for comment a proposed Statement of Policy on questionnaires and other disclaimers in franchise documents. The deadline for comments is January 5, 2022.

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Bundy & Fichter PLLC

What You Need to Know About Franchising Your Business

In 2020, according to the website Statista, there were 753,770 franchise establishments in the United States, employing 7.49 million people. Under a franchise agreement, a franchisee can utilize the franchisor’s business model and ideas.

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