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7 Questions to Ask Yourself When Choosing a Franchise to Buy

You’ve decided you want to buy a franchise, consulted a franchise attorney, and confirmed you have the means to move forward. Now comes the fun part: deciding on a franchise. From retail stores and restaurants to professional services and home-based businesses, the landscape of opportunity is vast and open for you to explore. As you go through the process, here are some important questions to ask yourself to find the right franchise for you.  

What Franchise Can I Afford?

When choosing a franchise to buy, budget is an obvious factor. With many first-time franchisees wondering where to start, the franchise attorneys at Soden & Steinberger, APLC can offer brief and helpful insight to allow you to take the next step toward becoming a franchise owner.   Starter Franchises If you have a budget of less than $150k to buy a franchise, your opportunities might be someone confined—that said, there are still plenty of possibilities

5 Common Pitfalls for Franchisees and How to Avoid Them

Buying a franchise is an exciting endeavor. After you’ve asked yourself the important questions, determined what franchise you can afford and hired a franchise attorney to assist in the process, it’s full steam ahead. However, there are a few potential bumps along the road to look out for, such as:   1. The Brick and Mortar Build-Out Assuming your franchise requires a physical location, you’re looking at anywhere from six months to a year before

Legalese in Leases: 10 Terms You Need to Know as a Franchisee

If you are purchasing a brick-and-mortar franchise for the first time and have never laid eyes on a commercial lease, the combination of the terminology, fine print and sheer magnitude of the commitment can be daunting. Even those who are familiar with commercial leases—whether from a previous franchise or prior involvement in real estate—show visible signs of anxiety and/or disinterest when presented with this document. So, to give a runway for those looking to purchase

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