When buying a franchise, comparing competing franchise opportunities is an important part of the due diligence process. Too often, prospective franchisees choose a brand they want to pursue, and then they pursue it without gaining an understanding of whether there are better opportunities available.

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According to the International Franchise Association (IFA), Illinois is the fastest-growing state in franchising. The IFA’s recent 2023 Franchising Economic Outlook highlights the 10 fastest-growing states in terms of franchise establishments, franchise employment and franchise output—and Illinois tops the list in all three categories.

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The International Franchise Association (IFA) recently released its 2023 Franchising Economic Outlook. Developed in partnership with FRANData, the Franchising Economic Outlook is the IFA’s “annual study . . . detailing the franchise sector’s performance for the past year and projected economic outlook for the year ahead, as well as an in-depth state outlook for all 50 states and Washington, D.C.”

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As a franchisee, there may come a time when you want to sue your franchisor. This can happen for a variety of reasons, and it can happen at virtually all stages of the franchise relationship. But, should you sue—and can you? Answering these questions requires the advice and representation of an experienced franchise attorney.

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Just like owning any other type of business, owning a franchise entails a variety of risks. When buying a franchise, understanding these risks is important. Effective risk management is critical to franchisees’ success, and prospective franchisees must work with an experienced franchise lawyer to ensure that they are making informed decisions with their long-term interests in mind.

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Boston has become a hub of the franchising world in recent years. Both new and well-established franchisors are targeting growth in the area, although quick-service restaurants (QSRs) are not as popular here as they are in many other major U.S. cities.

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If you are thinking about buying a franchise, you are probably familiar with the main costs involved. You will need to pay an initial franchise fee when you sign the franchise agreement, and you will need to pay monthly (or weekly) royalties and advertising fees based on your gross revenue. But are there “hidden” costs you should be aware of as well?

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So, you’re thinking about buying a franchise in Philadelphia. You’ve got a concept in mind (or maybe you don’t), and you need to know your next steps. What do you need to do to set yourself up for success? What mistakes do you need to avoid during the buying process? Can you trust the information the franchisor gives you? Here’s what you need to know.

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What should you do if your franchise is struggling? Unfortunately, this is a question that many franchisees find themselves asking in 2023. As the economy continues to struggle and inflation remains well above average, owning a successful franchise today is as difficult as ever.

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If you are thinking about buying a franchise in 2023, you are not alone. As a whole, the franchise industry is continuing to expand, and market analysts are predicting continued growth over the next five years.

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