Franchise Issues: What do you mean I can’t sell that?

Franchises are often sold to prospective franchisees on the grounds that they will “own their own business.” For example, one franchisor advertises to prospective franchisees by stating that franchising “provides you with the opportunity to own your own business.” Another franchisor’s website states: “We highly encourage our franchise candidates to visit with our franchisees to […]

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Preparing for Franchise Audits: Checklists and Reports

Franchisees are often unaware that franchisors can audit any and all franchisee records once they have bought a franchise. Franchisor auditing practices can create a lot of problems for franchisees. 1. Franchisors often recruit outside auditors that may not understand the business. This can result in auditors finding “franchise revenue” where there is none. For […]

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