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Bundy & Fichter PLLC

Best Questions for Prospective Franchisees in Washington, Oregon and California

For a prospective franchisee, one of the best ways to learn about a franchise is to talk to current franchisees. Franchisors are required to list current franchisees and franchisees who have recently left the system in the Franchise Disclosure Document. Before purchasing a franchise, a prospective franchisee should contact as many current and former franchisees as possible.

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Bundy & Fichter PLLC

Beware of Boilerplate Disclaimers

If you are considering buying a franchise, you should beware of boilerplate disclaimers. They come in many forms.  Some are buried in the fine print near the back of a thirty-page franchise agreement.  Many are duplicated in a separate document back near the receipt in the FDD.

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Bundy & Fichter PLLC

Pandemic Franchise Opportunities?

It was inevitable.  The franchise sales engines have been spewing speculative claims about what we might call “pandemic opportunities”.  The story is that many restaurants (estimates range from 3% to 50%) will close permanently because of the pandemic and the corresponding recession.

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Bundy Law Firm PLLC

Beware of “Help” with Strings Attached

As franchisees try to navigate through the COVID-19 crisis, one more thing to beware of is “help” that comes with strings attached.  Many, if not most, franchisees are behind on bills, including royalty and fee payments to their franchisor.  Many of those will receive an “offer” from their franchisor that they will “defer” some of the fees until later—if you will just sign this “standard form” agreement.

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