The Entrepreneurial Lawyer’s Blog

Stay connected with the latest commercial and business law news from Soden & Steinberger.


May 22, 2017

Buying Multi Units in a Franchise—What You Need to Know

As you prepare to close the deal on your first franchise, you will be offered a one-time opportunity for purchasing additional units. This is the multi-unit agreement. To incentivize the purchase of additional units, franchisors oftentimes discount the second and third unit franchise fee up to 50% or more.

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April 20, 2017

Franchise Fees—What to Expect

The franchise fee varies between franchises, but aspiring franchisees need to have a general idea of what to expect when it comes to covering the initial fee. In my experience, the average franchise fee range is between $25,000-$50,000 for a single unit.

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April 3, 2017

Franchisees—Understanding Your Exit Strategy

You need an exit strategy. It’s as plain as day, yet most new franchisees never address the idea of leaving their business one day. All the excitement centers on opening and growing. It’s a different, but mandatory, approach to open their franchise unit with the end in mind.

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March 28, 2017

Choosing Which Law to Use When Creating Your Franchise Agreement

It might sound funny to read, “Choose which law you want to enforce,” but for franchises expanding outside of their state of origin, there comes a moment when a franchisor needs to choose which law to apply in the FDD. This isn’t an arbitrary look at the laws governing a state. Instead it’s a moment of conflict, weighing the franchisor’s home state law against the state law where they are expanding their enterprise.

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