How to buy an established successful business franchise
When you buy a franchise, you also buy training and support that could help you succeed. Buying a franchise may reduce your investment risk, because you associate with an established company. A franchise enables the investor or franchisee, to operate the business. The agreement, licensing and other legal aspects between a franchisor and the possible franchisee has to be managed by an experienced franchise attorney. Buying a franchise will also involve the Consumer Protection Act and the Competition Act.
You pay a franchise fee to get the following:
- A successful system developed by the franchisor
- The right to use the franchisor’s name
- and assistance.
The franchisor should provide you with the following:
- Help in finding a location for your outlet
- Training and an operating manual
- Advice on management, marketing, or personnel
Franchise Agreement Assessment
If you have a franchise agreement, and you would like us to do an assessment before you sign any contract, please contact us at email@example.com.
Our experienced franchise attorneys will assess your franchise agreement and advise on any legal provisions that may be applicable.
We will give you legal advice on all aspects of the franchise agreement and what steps to follow.
Legal Costs: The cost of a franchise can vary from business to business. The estimate cost of legal fees will be discussed with the franchise attorney.