Win Big at Franchising Podcast | The Internicola Law Firm

Charles N. Internicola talks to Lisa Welko of Integrity Franchise Group about what franchise brokers are looking for when evaluating a franchisor's Financial Performance Representations (Item 19 in the Franchise Disclosure Document).  If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals…   READ MORE: https://www.franchi...

Have you gotten a cold call or unsolicited email from a franchise developer telling you to franchise your business? Did they tell you they were going to "cover A-Z" and "take care of everything for you" including legal, accounting, operations manual, development, and marketing? Watch this video before you franchise.    If you want to learn more about franchising or are looking for a comm...

As a new franchisor, it can be tempting to focus all of your efforts on marketing and sales when you’re just starting out – after all, those factors determine the future of your franchise. But is there more to consider when growing your business? If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals…   READ MORE: https://www....

When you franchise your business and become a franchisor, your FDD, in addition to forming the legal foundation, is also the blueprint of your franchise offering. There is critical data and information that you need to evaluate that is going to form the underpinnings of your franchise offering. In the end, your Franchise Disclosure Document (FDD) is what brokers and franchisee candidates evaluate...

Franchising is a highly regulated and legally driven business relationship. Your FDD and the Franchise Agreements that your new franchisees will be signing form the legal foundation for the entire franchise system you are building. If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https://www.franchiselawsolutions....

If you’re a business owner with a strong track record of success, there’s a good chance you’re considering growing and scaling your business through franchising.  But as a new franchisor, how will you know if you’re doing it right? What are the milestones and indicators you should be aware of to make sure you're on the right track? And most importantly, what are the best strategies for making...

Are you franchising your business and want to learn more about developing an operations manual? If so, this video is for you!  In this video, franchise lawyer Charles Internicola discusses the role of the Franchise Operations Manual in the franchising process. Providing an in-depth look at the topics every operations manual should include, Charles explains why it’s critical for franchisors to...

There are many advantages and disadvantages to franchising. In this video, Charles N. Internicola goes through both disadvantages and advantages from the franchisor perspective as well as from the franchisee's perspective. If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https://www.franchiselawsolutions.com/learn...

Franchise brokers play an important role in the franchising process, and the right broker can offer franchisors solid advantages. Learn more about working with franchise brokers as a franchisor. If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https://www.franchiselawsolutions.com/learn/grow-your-franchise/what-fr...

When prospective franchise buyers are evaluating franchises to own, one of the first things they're going to do is visit your franchise sales website. Charles Internicola goes into how to make a compelling franchise brand story and how to express it on your website.    Take a deep dive into your:  1. Purpose 2. Opportunity 3. Transformation   Check out our sample franchise sale...

If you're looking to buy a franchise, Charles N. Internicola goes into what's involved, the process, and how to know if you're doing it right.  Also included in this video is information about:   Researching franchise opportunities What to look for in the Franchise Disclosure Document (FDD) Franchisee validation Discovery Day Management team, support, and culture How to legally protect y...

It typically takes 90 - 120 days to franchise your business. But what are the steps involved? Charles N. Internicola goes through the legal, development, and accounting steps, timing involved, and what you need to know to win at franchising. If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https://www.franchiselaw...

There are three main revenue streams franchisors receive from their franchisees: Initial Franchise Fee Ongoing Royalty Fees Rebates   If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https://www.franchiselawsolutions.com/learn/grow-your-franchise/how-to-make-money-as-a-franchisor SUBSCRIBE to our Channel: htt...

If you're franchising your business and you come across a franchise consultant that claims they're a "one stop shop", here are major warning signs to look out for before you consider hiring them.  Charles N. Internicola even goes through two consultant's proposals and breaks down why you should take caution if you're considering hiring them to franchise your business. If you want to learn mor...

For some franchise brands the legal process can be frustrating. You spend tons of money, time, planning, and effort to attract, recruit, and on-board new franchisees and along the way come legal obstacles. These obstacles come in different forms and varieties and what they all share in common is that they cost deals, add unnecessary frustration, and, so much more often than not, are avoidable. The...

Factors to consider if it's the right time to franchise your business includes:   Your Track Record - How long has your business been open? - Do you have systems in place? - Do you have strong unit level economics?   - Have you differentiated your business from your competition? Industry - Are you well capitalized? - Are you working with the right team? - Are your financial numbers super...

Everyone wants to know how much they can make when they buy a franchise. For franchisors who want to sell franchises, few things are more important than an Item 19 Financial Performance Representation in their FDD.   What is an Item 19 Financial Performance Representation? It's any statement whether it's public, private, oral, or written about sales, income, or profits. This includes his...

Your business is growing, cash flow is good, and you know there's opportunity for expansion. You may be thinking about franchising your business. You want to know if you're ready and what stage does your business need to be at to franchise?  To be franchise ready you need to have the right numbers, founder mindset, and a scalable business. In this video we discuss each of these factors: &nbsp...

Franchising is a legal and business relationship where you take what has worked for your business (your brand, your systems, your know-how, your products and services) and legally authorize other individuals--your franchisees-- to open new locations using your brand name and requirements that you set.    The characteristics that create a franchise includes an agreement that involves:&nbs...

The difference between a franchise lawyer and a franchise consultant is that a franchise lawyer prepares the legal documents needed to franchise a business and sell franchises while a franchise consultant assists in operational tasks like planning a franchise sale strategy, budgeting, and operations manual development.    Franchise consultants are not franchise lawyers and franchise cons...

Charles N. Internicola and Nick Powills take a deep dive and talk about tactical steps franchisors can take in the short term and intermediate during the COVID-19 pandemic. If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https://www.franchiselawsolutions.com/learn/franchise-your-business/coronavirus-covid-19-and-...

Charles N. Internicola and Nick Powills interview Justin Waltz from Big Blue Swim School and Philip Schram from Buffalo Wings and Rings to get their insights on how to overcome the COVID-19 pandemic. If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https://www.franchiselawsolutions.com/learn/franchise-your-busines...

Charles N. Internicola and Nick Powills talk about the framework for short term, intermediate, and long term recovery and growth for franchisors during the COVID-19 pandemic. If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https://www.franchiselawsolutions.com/learn/franchise-your-business/coronavirus-covid-19-an...

Learn the basics of franchising your business, what the role of a franchise consultant is, and what mistakes to avoid when franchising a business. If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https://www.franchiselawsolutions.com/learn/franchise-your-business/franchising-done-right SUBSCRIBE to our Channel: ht...

Charles N. Internicola interviews Joel Libava, The Franchise King®, about how franchisors can up their game, the journey of franchisees, qualities that good franchisors all share, and how to evaluate if a franchisee is the right fit for your franchise system. If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https:...