(757) 354-2167 | Located in Virginia Beach and Smithfield
(757) 354-2167 | Located in Virginia Beach and Smithfield
Opportunity awaits when the right person finds the right opportunity at the right time. Small businesses are the lifeline of our economy. Franchise opportunities may jumpstart your business ventures.
From our perspective, the primary reason to purchase a franchise is the support structure. The key is finding a franchisor that offers the level of support that aligns with your needs. Evaluating the support structure should always be part of your diligence process. You need to know what the franchisor is obligated to provide and speak to existing franchisees to determine the level of support that is offered on an ongoing basis. Support starts with initial training and continues through operations. Support includes training and manuals, but you also need to evaluate the human element. Having a person to call for help - who has addressed the issue before - can be valuable to you as a new business owner.
Franchisors offer the opportunity (and obligation) to operate a franchise business according to a set of rules that they have established. These rules develop the method and systems used to offer the products and services to your customers. The system covers all the basis to ensure brand maintenance and quality control. The system established by franchisors (if it works) is invaluable to new business owners. The right franchisor has experience and they have already worked out the kinks. They are motivated by mutually beneficial success and want you to succeed by following a proven system.
Regardless of what business you are going into, there are many ways to offer products and services. The franchisor has developed and focused their system around a specific set of products and services. You need to find a franchisor that offers the products and services you want to offer and have to understand that you won't be permitted to offer non-conforming products or services. You benefit from these products and services being offered across the franchise system.
Franchisors invest in marketing the brand and establishing their presence in the marketplace. This marketing is expensive and time consuming. Opening a business with brand recognition can help ease the growing pains. A franchisor may have local, regional, state, or national brand recognition. On the flip side, you may want to bet on a brands growth and get in early. Regardless, there are benefits of operating under a uniform branding.
Many franchisors negotiate with suppliers to provide products to their franchisees at a lower rate. Buying in bulk typically saves money and franchisors may have access to vendors that you cannot reach. This may include an array of products such as initial equipment, computer systems and softwares, and inventory.
(757) 354-2167 | 780 Lynnhaven Pkwy, Ste 400, Virginia Beach, VA 23452
Our Virginia franchise lawyers work with business leads to craft the FDD. This includes development of all contracts need to define the franchise relationship and protect the franchise brand. We provide knowledge to franchisors and enable them to make informed decisions to protect their business and plan for success.
Our Virginia franchise attorneys work with franchisors across industries. We read FDD's all the time and understand the variances in different systems. We know how to quickly identify key support levels and differences between franchisors. We provide knowledge to franchisees so they can make informed decisions.
Our Virginia franchise attorneys empower franchisors with knowledge, options, provide the pros and cons, and craft franchise agreements to meet the franchisors need and risk tolerance. Our goal is to enable clients to understand risk and make informed decisions, while also helping to create a positive culture of good business and mutually beneficial success.
Our Virginia franchise attorneys draft and review franchise agreements on a daily basis. With knowledge of contract law and specialized knowledge in franchising, we are well suited to review franchise agreements. This enables prospective franchisees to buy with intention. We also assist in negotiating points to balance the power between franchisors and franchisees.
Our Virginia franchise attorneys help franchisors every day with all legal aspects of operating a franchise business and maintaining franchise relationships. Many of our clients retain us as fractional general counsel, which enables them to work with us without worrying about the billable hours. We help franchisors buy and sell, employ talent, comply with franchise laws, and resolve disputes.
Some litigators think that every issue should be litigated. Our franchise lawyers don't follow that philosophy. Litigation is seldom beneficial to franchisors or franchisees. We believe in mutually beneficial success. We want to resolve disputes in a fair manner and foster a positive franchise relationship. Businesses should focus on building up, not tearing down. That being said, if the opposing side isn't reasonable, then we will fight for our franchise clients in Virginia.