I have just reviewed a franchise agreement where the franchisor has only had 2 years of experience in the franchised business. When acting for franchisors I advise them that they need to have had enough experience in the business to give their franchisees real value for their investment. Franchisors should have created systems to make running the business as bombproof and streamlined as possible. I usually tell franchisors they need to have made "all of the mistakes" ...

I jointly presented at the Franchise and Business Expo with Sarah Stowe, Editor of Inside Franchise Business today. We explained the following to prospective franchisees: 1. What they should be doing in the 14 day disclosure period.  This covered: call current franchisees and past franchisees and ask them about the business find a franchising lawyer find an accountant who understands franchises 2.what does it mean if a franchisor guarantees you a cert...

Sarah Stowe, editor of Inside Franchise Business, has kindly asked me to present the following topic with her at The Franchising and Small Business Expo in Brisbane Myth Busters - how to spot the fake facts in franchising - What you need to know before you buy
  We would love your ideas so that we can give the greatest benefit to attendees. Can you hit me with some myths commonly believed by franchise buyers? You can email me at egore-jones@thefranchiseandbusinesslaw...