Franchise Law Firms in South Florida

According to most historians, modern franchising began in the late 1920s when Howard Johnson's started franchising restaurants and hotels. The concept is simple. A company develops a winning business model that can be implemented by almost anyone, anywhere. Restaurants like McDonald's, for example, have locations in 119 countries and serve tens of millions of customers each day. Since most global franchises started in the United States, the country is home to the greatest number of franchise outlets.

One in every ten U.S. businesses is a franchise, according to the U.S. Census Bureau. More importantly, these chains employ nearly 60 million Americans! Not surprisingly, a franchise is presently the nation's largest employer. About 1 percent of the U.S. workforce, or 1.3 million people, work at Wal-Mart.


What are the advantages?

There are many, at least for employers. A franchise has a business model that has and should work, irrespective of location. All a business owner has to do is use the company's playbook and they should be successful. Of course, not all paradigms are equal. Even in relatively small industries, there are some franchises that are successful and others that are just hanging on.

For example, Subway is the world's most popular chain. The company has over 33,000 franchises, in part because they have one of the lowest closure rates in the industry, just 7 percent. On the other end of the spectrum is Blimpie, which has a closure rate of 46 percent. Both companies do exactly the same thing-make submarine sandwiches or hoagies. How then is Subway more than six times as successful, based on closure rates? Because they have a better business model!

When a potential franchisee applies for a Subway franchise he knows that the company has a vested interest in his success. They won't do it for free, but all successful franchisors make sure their new partners know the business inside and out before they even open their doors. They will help them train their employees, provide them with a fool-proof business model, and handle national advertising. In return, they ask for a percentage of annual revenues in the form of franchise fees.

Is it worth it?

It all depends on how you want to run your business. If you want unfettered control and creative license, franchising may not be for you. All franchisees must follow a strict set of rules. The upshot is that most well-run franchises reach profitability much faster than startup businesses, since they have a built-in customer base.

Contact franchise lawyers today!

Not all franchise contracts are created equal. Some are stringent, while others are less circumscribing. Believe it or not, most somekeyword prefer rigid documents to the more lenient ones. The reason for this is simple-ambiguous contracts are generally produced by companies that have no interest in growing their brand. Most of them simply want to strike while the iron is hot and make money on franchise fees. Experienced franchise lawyers will be able to separate the hucksters from the players.

What to look for?

Most reputable somekeyword specialize in contract law. It is there job to peruse legal documents and determine whether or not the proposal or deal makes sense. After reading it, any contract attorney worth his salt should come up with a list of questions and concerns. In most instances, franchise contracts are non-negotiable. That is not a bad thing. A rock-solid contract often indicates confidence in a solid business model that can be applied by any hard-working franchisee.

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