franchise attorney Archives | Franchise Dictionary Magazine

29 11, 2023

LEGAL: Is Your Business ‘Franchisable’?

Paul Zboichyk2023-11-30T10:13:00-05:00November 29th, 2023|Tags: Financial Viability, franchise attorney, Franchise Locality, Spadea Lignana|

As a franchise attorney who has launched hundreds of brands over the last decade, I get asked this question a lot by people exploring whether they want to franchise and those who have launched a brand but have struggled to get traction. There are key business attributes that make a business “franchisable”, however, the first question is more about the founder than the fundamentals of the business. Are you ready and able to be a good franchisor? By Tom Spadea

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28 09, 2023

Who Decides?

Tatyana Stemkovski2023-09-28T17:56:05-04:00September 28th, 2023|Tags: franchise attorney, franchise law firm, legal advise for franchisors, Spadea Lignana|

I was asked by a franchisor client the other day what they should do if they had three good candidates for the same territory. What a great problem to have for sure and, in fact, I wouldn’t even really define it as a problem. By Tom Spadea

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28 08, 2023

Legal: How Much Money Can I Make?

Tatyana Stemkovski2023-08-28T21:03:45-04:00August 28th, 2023|Tags: disclosure laws, FDD, franchise attorney, franchise law firm, Legal, prospective franchisee, Spadea Lignana|

At some point, everyone involved in franchise development is going to be asked this question by a prospect. It is not unreasonable for a prospective franchisee to want to know the answer. By Tom Spadea

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31 07, 2023

Franchise Term Lengths

Tatyana Stemkovski2023-07-31T06:06:08-04:00July 31st, 2023|Tags: Certified Franchise Executive, franchise agreement, franchise attorney, franchise law firm, Spadea Lignana|

At the risk of really getting into the weeds on a very narrow issue, when was the last time you gave any serious thought to the term length in your franchise agreement? By Tom Spadea

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27 06, 2023

What Business Are You in?

Tatyana Stemkovski2023-06-27T16:19:10-04:00June 27th, 2023|Tags: business of franchising, elite franchise brands, emerging franchise concepts, franchise attorney, franchise law firm, Spadea Lignana|

Seems like a simple enough question. However, I think many franchisors forget they are in two businesses. One is the underlying subject matter expert on the service provided to consumers, such as a restaurant, gym, roofing, etc. But the second, and increasingly more important, as your system grows, is the business of franchising. By Tom Spadea

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26 06, 2023

Spadea Lignana: Champions of Success for Franchise Founders

Tatyana Stemkovski2023-06-26T19:57:58-04:00June 26th, 2023|Tags: franchise attorney, franchise founders, franchise law firm, Spadea Lignana|

A decade before Spadea Lignana was named the No. 1 franchise law firm by Entrepreneur magazine, Tom Spadea was selling franchises during the day and going to law school at night. By Brianna Bohn

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30 05, 2023

When to Sell Your Franchise System? Timing is Everything

Tatyana Stemkovski2023-05-30T16:49:34-04:00May 30th, 2023|Tags: franchise attorney, franchise law firm, Legal, Spadea Lignana|

Founders of franchise systems spend time, treasure and pain to get their system to the point that it has significant enterprise value. Many have a numerical goal for that value and a timeline for when they want to harvest their years of hard work. By Tom Spadea

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30 04, 2023

Territory May Be Your Scarcest Resource: Treat it Accordingly

Tatyana Stemkovski2023-04-30T19:51:18-04:00April 30th, 2023|Tags: franchise attorney, franchise law firm, legal advice, Unsold territories|

An often overlooked metric for many franchisors is the number of outstanding territories they have yet to award. For most new franchisors, selling out of territories seems like such a distant problem that they don’t give it any thought. When they think of scarcity, they think about franchisee lead scarcity. However, I would challenge franchisors to flip the equation if their goal is to maximize the long-term value of the brand. By Tom Spadea

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31 03, 2023

Hidden Treasure

Tatyana Stemkovski2023-03-31T10:45:21-04:00March 31st, 2023|Tags: franchise attorney|

Great unit economics will drive a franchise system to growth and profitability. Each franchised location is a building block to the overall financial metrics. Having advised hundreds of franchisors over the years, one area that many franchisors neglect is encouraging low performing franchisees to transition the business to a new owner. By Tom Spadea

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27 02, 2023

Legal: Should My Corporate Stores Pay Royalties?

Tatyana Stemkovski2023-02-27T14:26:24-05:00February 27th, 2023|Tags: earnings, franchise attorney, franchisor, Legal, potential franchisees, profit, Spadea Lignana|

If you make $100 in profit, that $100 on the open market is worth the multiple of the earnings in the business it is generated. If you pay that $100 in royalties to the franchisor, that $100 becomes an expense to your operating unit and profit to the franchisor. By Tom Spadea

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