Verify the legal protections of the franchise trademark, including any federal and state registrations. Agreement renewal and termination . A franchise agreement term usually extends for five to 20 years with possible options to renew the agreement for successive periods. Find out how the agreement can be terminated if necessary, and what penalties, if any, the franchiser will impose. Before buying a franchise, also consider your own abilities and experiences.
Many franchised businesses are in high-growth industries that require strong management skills.
A careful evaluation of prospective franchises can help you choose one that will work for you. Because so many franchise opportunities are in volatile industries, potential investors can benefit from professional assistance, especially early in the evaluation process. If you are considering a franchise opportunity, please call us. We can help you make an informed decision about its potential.