Franchising
A Multi-Billion Dollar Business
The U.S. multibillion-dollar franchise industry continues to grow. Franchises create hundreds of thousands of new jobs in the United States every year. Franchise employment has consistently grown by at a higher rate than U.S. employment growth as a whole. Franchise businesses generate over $750 billion in revenue yearly. With hundreds of lines of business, franchises are a major driver of U.S. economic growth.
The International Franchise Association (IFA) projects the number of franchise establishments to continue to grow, fueled in part by a strong U.S. economy, as well as the 2017 Tax Cuts and Jobs Act, which reduced the corporate tax rate from 35%t to 21% and provides incentives for growth and investment.
Franchise World Magazine reports that franchise businesses have a 92% success rate after five years compared to a 23% success rate for independent businesses for the same period of time. Franchising often produces a faster rate of growth and profitability, thus accelerating your return on investment.
Creation and Acquisition of Franchises
Becoming a Franchisee
Those with an entrepreneurial spirit recognize the value of buying a franchise rather than starting and building their own business. A franchise offers a brand name, a proven business model, as well as standardized equipment, procedures, products and services.
Becoming a Franchisor
If you have developed a successful business model, you may be interested in converting your business to a franchise. Becoming a franchisor enables you to expand your operations, hire better managers, raise low-risk capital, and generate higher returns on investment.
We Can Make You Franchise Ready
Federal and State law strictly regulates Franchises. Whether you are a Franchisor or Franchisee, we will ensure you have all the documentation required for success.
We prepare and file everything you will need to be Franchise Ready, including:
- Franchise Disclosure Documents (FDD) in compliance with Federal Law
- Registration documents for each State and the District of Columbia in which you will operate your Franchise
- International Technology Transfer Agreements, License Agreements, and National and International Sales Rep and Distributorship Agreements
- Letters of Intent and Stock and Asset Purchase Agreements for the acquisition of new sites and the purchase and expansion of franchise systems and Area Agreements
- Franchisee/Franchisor Agreements, Multi-unit Franchise Agreements, Area Development Agreements, and Master Franchise Agreements
- LLC Operating Agreements, Corporate Shareholder Agreements, Joint Venture Agreements, Secured and Unsecured Promissory Notes, Lines of Credit Agreements, Strategic Alliance Agreements, Executive and Managerial Employment Contracts
- Trademark and Patent registrations, Trade Secret Agreements, Non-Compete Agreements