Buying a franchise requires due diligence, patience and objectivity. This is the case whether you're buying a new first time franchise or an existing franchise resale. After all, virtually all of your assets (savings, retirement accounts, home equity, etc.) as well as ten to twenty-year franchise contract and commercial lease obligations are on the line. Don't rush and choose wisely.
This buying any franchise article is written by an MBA franchise attorney and international franchise expert who has also owned, operated and sold a very successful franchise. His tips and advice are based on 30-plus years of experience drafting, reviewing and negotiating over 500 different franchises.
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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