One common question our clients often ask is, “how do I determine the initial franchise fee? ” Many different factors impact the initial franchise fee charged by franchise companies. Some franchisors make the mistake of determining their franchise fee based solely on what their competitors charge.
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Question: “I understand that I only need to have a Franchise Disclosure Document to franchise my business. If so, can I simply hire a franchise lawyer to prepare the Franchise Disclosure Document and begin offering franchises? ”
The simple answer is, “Yes.
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The simple answer is, “Yes.
There are many benefits to franchising a business. Many successful companies have chosen to franchise their business because franchising provides the opportunity for maximum market penetration and greatly reduced financial risk to the franchisor.
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