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How to Buy a Franchise » (Subsequent)

Book cover image of How to Buy a Franchise by James Meaney

Authors: James Meaney
ISBN-13: 9781572483842, ISBN-10: 1572483849
Format: Paperback
Publisher: Sourcebooks, Incorporated
Date Published: June 2004
Edition: Subsequent

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Author Biography: James Meaney

James A. Meaney practices law in the United States Virgin Islands and Ohio and is a member of the American Bar Association’s Forum Committee on Franchising. He served as the first Chairperson of the Columbus (Ohio) Bar Association’s Franchise and Distribution Law Committee from 1992 to 1994.

Mr. Meaney is a cum laude graduate of the University of Dayton School of Law. He was Section Chief of the Ohio Consumer Frauds and Crimes Division, Ohio Attorney General’s Office from 198

Book Synopsis

Finding information on selecting and buying a franchise has never been easier. How to Buy a Franchise explains everything you need to know about how to research a franchise company, analyze its financial and sales information and investigate the earnings claims of the franchisor. The opportunities available for someone to start a proven business are countless. How to Buy a Franchise will help anyone turn these opportunities into realities.

Table of Contents

Introductionix
Chapter 1Why Buy a Franchise?1
Defined and Proven Business Format
Specialization
Uniform System
Advertising Network
Name Identification
Training
Franchise Network
Power Buying and Computerization
Chapter 2What is a Franchise?9
A Brief History
Defining a Franchise
Business Opportunity Plans
Chapter 3Finding the Right Franchise for You15
Shop Around
Let the Buyer Beware
Starting Your Search
Patience
Chapter 4Disclosure Laws25
Disclosure Documents
Initial Consideration
Cooling-Off Period
Relationship Laws
State Agencies
Chapter 5The Disclosure Statement37
Receiving Disclosure Documents
Criticism of Registration
Analyzing the Disclosure Documents
Format
Contents
Chapter 6Financial Feasibility59
Cash Flow Projections
Territorial Limitations and Demographic Research
Visit the Franchisor
Chapter 7Professional Assistance65
Finding the Help You Need
Chapter 8Franchise Salespeople and Brokers71
Chapter 9The Background of the Franchisor75
Founding Fathers
Warning Signs
Personal Meetings
Financial Background
Government Agencies
Company-Operated Units
Chapter 10Investigating Existing Franchisees83
List of Franchisees
Financial Earnings
Additional Resources
Chapter 11Earnings Claims89
Prohibited Disclosures
UFOC Guidelines
Violations
Analyzing Earnings Claims
Chapter 12Understanding and Negotiating the Franchise Agreement93
Read the Contract
Franchisee's Duties
Franchisor's Duties
Clarification to Start Negotiation
Hard-to-Change Provisions
Use Your Attorney
Compare the Franchise Agreement to the Offering Circular
Purchase Price Negotiations
Initial Term and Renewal Clauses
Franchise Termination
Transferring or Selling the Franchise
Product and Equipment Purchase Requirements
Operation Manuals--the Hidden Agreement
Franchise Territory
Dispute Resolution, Choice of Law, and Forum Selection
Negotiating
Chapter 13Your Relationship with the Franchisor119
Training Performance
Unsatisfactory Performance
Enhancing Performance
Chapter 14Franchisee Input and Franchisee Associations123
Franchisee Councils
Franchisee Associations
Conclusion129
Appendix AUniform Franchise Offering Circular (sample)131
Appendix BFranchise Agreement (sample)175
Appendix CState Filing Requirements203
Index213
About the Author219

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