Franchise Lawyer Interview - Dangers to Know BEFORE You Buy a Franchise!

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  • Опубликовано: 23 дек 2024

Комментарии • 9

  • @FranchiseCityOnline
    @FranchiseCityOnline  8 месяцев назад +3

    0 - 0:48 Intro
    0:49 - 5:19 What are Liquidated Damages? Can You Negotiate Them? Things to Watch For
    5:20 - 7:50 What is a Personal Guarantee? Is Your Spouse Liable for Your Franchise?
    7:51 - 9:25 Forming the LLC and the Franchise Agreement
    9:26 - 19:54 Understanding the Franchise Disclosure Document (FDD) Basic Overview and Things to Look For.
    19:55 - 24:24 Do You Need to Give Your Manager to Have a Minimum Equity Position?
    24:25 - 26:00 What is Item 20 and is it Important? (Store Closures)
    29:15 - 30:29 Franchise Disclosure Agreement vs Franchise Agreement
    30:30 - 31:59 How to Reach Franchisees (and Ex-Franchisees!)
    32:00 - 38:00 What are the Typical Fees Involved in a Franchise? Can You Negotiate Fees?
    38:10 - 43:10 Item 19 and Financial Disclosures Regulations
    43:11 - 45:25 Secret to Getting Additional Financial Details
    45:25 - 49:45 Right of First Refusal and Selling/Renewing Your Franchise
    49:45 - END Do You Need to Hire a Franchise Attorney Before You Buy a Franchise?

  • @pauljanicek1872
    @pauljanicek1872 8 месяцев назад +3

    Outstanding video!

  • @whyisblue923taken
    @whyisblue923taken 8 месяцев назад +1

    I appreciate that he didn't say, "of course you should get a franchise attorney". He seems to be a good one, but there are very bad attorneys out there and seeing how incestuous the field of business law is, I personally wouldn't get one and I would probably read all the information I could.

  • @johndefalque5061
    @johndefalque5061 8 месяцев назад +2

    Seems like all fast food has gone down the tubes since the plague. Some locations were only just allowed to let folks inside just 4 mos. ago.

    • @FranchiseCityOnline
      @FranchiseCityOnline  8 месяцев назад +2

      Yep, franchises and independent ops. depending on the state were hurt badly. A few that pivoted to delivery actually came out ahead but overall its sad to see the damage done to so many operators. Thx for watching

  • @Brotund26
    @Brotund26 8 месяцев назад +3

    I had multiple Beef Jerky Experience franchises, the worst decision of my life, but I escaped. Stay far away!

    • @FranchiseCityOnline
      @FranchiseCityOnline  8 месяцев назад +1

      Sorry to hear that - glad you got out and thx for the comment!

    • @fastrakn1
      @fastrakn1 7 месяцев назад +1

      I imagine.
      Way too niche for one thing....