Franchising & Franchise Law
Starting a Franchise
Starting a franchise is not easy or cheap. There are a number of requirements you will have to meet. You will be required to prepare franchise documentation, including a Disclosure Document, Franchise Agreement and Operational Manual for your franchise operation.
You will need an experienced franchise attorney to help you meet the legal requirements. Be sure to check the experience and references of the attorneys when making this selection.
You will have to prepare audited financial statements for the franchise company. You'll need an experienced franchise accountant to produce these audited statements and to advise you on the structure of your business.
Be sure to check the experience and references of the accountants when making this selection.
You have to document the systems that a franchisee will use to run their business successfully, as well as a training program that will teach the new franchisee know to become a successful operator.
You will have to formalize the marketing plans that a new franchisee will use to drive customers into their new store as well as a sales system that you can use to recruit new franchisees.
You can hire franchise consultants to assist with this, but make sure you check references very carefully.
Advice & Services
Smit & Van Wyk, Inc. legal services include drafting franchise agreements and franchise licenses.
We also provide professional advice on how to start a new franchise, and buying from an existing franchise corporation.