One of the critical laws governing franchise sales is the “cooling off” period. The cooling off period is recognized by the FTC as a mandatory period of time, in which a new franchisee has the right to get their money back should they...   Read More...

In addition to paying your employees the required minimum wage, a franchise owner has the legal responsibility to comply with the department of taxation, in the states where they are located, to pay sales taxes on an on-going basis. If a franchisee...   Read More...

The former owner and CEO of a chain of 40 New York-based Jreck Subs restaurant franchises, now faces 20 years in prison and a $250,000 fine for defrauding lenders and investors of up to $25 million. Christopher Swartz recently plead guilty to wire...   Read More...

Forbes magazine recently listed several things that a prospective franchisee should consider before buying into a franchise. While no list could ever be intended to be complete, the following points are to be considered. They are assessing your...   Read More...

According to the newspaper, The Sydney Morning Herald, a new scandal is on the shelf at 7-Eleven and it is sending shockwaves through the entire chain of 7-Eleven stores. It is estimated that up to 50 current 7-Eleven franchises will be terminate...   Read More...

In the restaurant industry, selling franchisor-owned restaurants to local franchisees, or refranchising, seems to be the latest...   Read More...

In the restaurant industry, selling franchisor-owned restaurants to local franchisees, or refranchising, seems to be the latest...   Read More...