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Franchisees And Dealers Nationwide
Buying into a franchise can be a shortcut to business success. You get to make money off of an established brand with a loyal customer base. You benefit from investments made by the parent company into product development and advertisement, and you likely have a...
You pay an elevated fee when you peg your loyalty to a franchise. For instance, opening a convenience store as part of the 7-Eleven franchise will cost you more than opening it without the brand association. It is a model that can work well. Otherwise, no one would do...
Buying a franchise can be a good way to open a business and bring in compensation. However, buying into the wrong franchise can come back to hurt you later by resulting in poor returns or even negative returns. There are times when it’s not appropriate to buy a...
It’s a simple fact that franchise business partners owe fiduciary duties to each other. You share in the profits of your business as well as the risks and liability, and you make important decisions together. If your partner passes away, or if they decide to leave the...
When you want to open a franchise, you should look for one that would be a good fit for you as a person and an entrepreneur. Franchising offers a codified business plan and resources designed for success. Your job as a franchisee would be to understand where you fit...
A recent article in Franchise Times featured an interview with Mark Dady, managing partner at Dady & Gardner, detailed the pros and cons of franchise negotiations. The purchase of a franchise provides the franchisee with many built-in benefits. The work necessary...
The impact of COVID-19 on businesses over the past twelve months has been well documented. Some had no choice but to temporarily or permanently shutter their operations. Others have remained open but continue to struggle with government-mandated restrictions and...
Buying a franchise is a major life event that can have many benefits for the new owner, but it is not as simple as going down the store for some groceries. The process for buying a franchise can be very complicated, and a single mistake can jeopardize your business's...
Opening a franchise location can offer new opportunities to bring in customers and build a strong business on a preexisting brand. Sometimes, however, a franchise opportunity really is too good to be true. When should prospective franchisees walk away from a franchise...
On behalf of everyone at Dady & Gardner, P.A., we want to wish you all a very Happy New Year. As we now enter this next decade, we wanted to warn you of a potential issue that has recently gained some media attention. The year 2020 inherently lends itself to...