Bundy & Fichter Blog
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Bundy & Fichter PLLC is a Seattle franchise and small-business law firm serving clients in the Pacific Northwest and across the country. We assist clients with transactions and disputes involving franchise issues and business relationships.
Bundy & Fichter Blog
1y ago
If you’ve just attended a franchising convention or a sales presentation, read an inspiring novel, or have a dream in front of you, it’s like you want to hop on the bandwagon and enter a franchise opportunity. Visions of instant profits float before your eyes, and you’re ready to pull out your checkbook, pay the franchise fee, and sail into ..read more
Bundy & Fichter Blog
1y ago
In the mid-19th century, Isaac Singer had an idea on how to market his namesake sewing machine across the nation—and thus the franchise industry was born. The industry, needless to say, has grown exponentially to the point where, in 2020, there were 753,770 franchises in the U.S ..read more
Bundy & Fichter Blog
1y ago
If you decide to go into business with a friend or family member, you should think twice and then get your deal documented better than you would need to with a stranger ..read more
Bundy & Fichter Blog
1y ago
If you are considering buying a franchise, you should beware of boilerplate disclaimers. They come in many forms. Some are buried in the fine print near the back of a thirty-page franchise agreement. Many are duplicated in a separate document back near the receipt in the FDD ..read more
Bundy & Fichter Blog
1y ago
It was inevitable. The franchise sales engines have been spewing speculative claims about what we might call “pandemic opportunities”. The story is that many restaurants (estimates range from 3% to 50%) will close permanently because of the pandemic and the corresponding recession ..read more
Bundy & Fichter Blog
1y ago
In 2020, according to the website Statista, there were 753,770 franchise establishments in the United States, employing 7.49 million people. Under a franchise agreement, a franchisee can utilize the franchisor’s business model and ideas ..read more
Bundy & Fichter Blog
1y ago
For a prospective franchisee, one of the best ways to learn about a franchise is to talk to current franchisees. Franchisors are required to list current franchisees and franchisees who have recently left the system in the Franchise Disclosure Document. Before purchasing a franchise, a prospective franchisee should contact as many current and former franchisees as possible ..read more
Bundy & Fichter Blog
1y ago
The North American Securities Administrators Association (NASAA) recently released for comment a proposed Statement of Policy on questionnaires and other disclaimers in franchise documents. The deadline for comments is January 5, 2022 ..read more
Bundy & Fichter Blog
1y ago
Proposal would reduce fraud in franchising and level the playing field for franchisors and franchisees ..read more
Bundy & Fichter Blog
1y ago
While the website Statista reports 753,770 franchises were operating in the United States in 2020 (with McDonald’s and 7-Eleven ranking one and two revenue-wise), Entrepreneur magazine’s 2022 Franchise 500 Ranking lists Taco Bell and the UPS Store as the best opportunities for new franchisees ..read more