Many aspiring business owners believe it is counterintuitive to launch a new venture during a time of economic instability. However, opportunities exist despite the effects of inflation and rising interest rates. Inflation in the U.S. hit a 40-year high this spring,...
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Year: 2022
What are the primary duties of franchisees?
When franchisees are successful, much, if not most, of their success can be attributed to their willingness and ability to work in lockstep with franchisors. Investing in a franchise opportunity allows franchisees to purchase the right to use an established system...
Finding the right fit for first-time franchisees
Franchise opportunities are attractive to aspiring business owners for a number of reasons. Owning a business may be fulfilling a lifelong dream, and available franchises come in all shapes, sizes and industries. Many franchises are also attainable for those with less...
Understand the legal elements of a franchise agreement
“Trust but verify.” That phrase is most associated with the Cold War era, but it also makes practical sense in the modern world for a variety of reasons, including if you are considering buying a franchise. Prospective franchisees need to be able to count on the...
10 qualities shared by successful franchisees
If you have painstakingly saved money or raised capital to pursue the dream of operating your own business, buying a franchise is an attractive prospect. Becoming a franchisee gives you access to brands and products with a proven track record. However, your business’s...
California legislators debate state-imposed bargaining for fast-food workers
For the second legislative session in a row, California lawmakers are considering a radical plan to allow the state to negotiate on behalf of all fast-food employees in the Golden State. The Fast Food Accountability and Standards Recovery Act, or FAST Recovery Act,...
What is an estoppel certificate in a commercial lease, and why is it required?
An estoppel certificate is a statement signed by a tenant that a commercial lease agreement exists, that specific facts of the agreement are valid, that no defaults exist and that they agree to pay rent on a particular date to the landlord. In short, it outlines the...
Carefully evaluate the risks before investing in a franchise
Becoming a franchisee can be an exciting and rewarding business venture. In many cases, purchasing the rights to operate a well-known and established brand can bring great revenue opportunities and the promise of potential rapid growth. But before you put down any...
10 key tenant considerations for retail business leases
The success of your franchised business depends upon many factors. Finding a preferred location is a crucial step for establishing a profitable enterprise. But negotiating a fair commercial lease with the help of an experienced lease attorney can protect your...
Tenant improvement allowances and what they cover
If you are searching for commercial real estate to lease for your business, you already likely know that the new space will need moderate or significant modifications to fit your company’s needs. While these construction costs can be intimidating, tenants have the...