Buying a Franchise in 2025: Key Legal, Financial and Practical Considerations
Goldstein Law Firm Blog
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2d ago
With a new year just around the corner, now is a time when many people are thinking about making some significant changes in their lives. For some, this means considering a franchise opportunity. If you are thinking about buying a franchise in 2025, what do you need to know? Keep reading to learn about some key legal, financial, and practical considerations from New York franchise lawyer Jeffrey M. Goldstein ..read more
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Joining the Franchise “Gold Rush”—A Good Idea?
Goldstein Law Firm Blog
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2d ago
A recent article in the Franchise Times discusses the “gold rush” to get in on the pickleball craze. It cites figures from FranData that show an 85.7 percent year-over-year increase in pickleball players and notes that while “[t]he race to the top in the rapidly growing pickleball space heated up in 2024 for franchisors looking to capitalize on the country’s fastest-growing participation sport. . . . [p]ickelball franchisors and their financial backers agree there is plenty of space in the industry for everyone to grow and prosper even as they compete for prime real estate locations and franch ..read more
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What Are the “Best” Franchises in Times of Economic Uncertainty?
Goldstein Law Firm Blog
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2d ago
When living through uncertain economic times, everyone needs to do their best to make informed decisions based on the limited information they have available. But, this is especially important for prospective franchisees. Buying a franchise is a long-term investment, and if people can’t afford to buy what you have to sell, no amount of money or time will be enough to save your business. As a franchisee lawyer with well over 30 years of experience, this is a fact that Jeffrey M. Goldstein knows all too well ..read more
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Are Franchisors’ Mandatory Arbitration Clauses Enforceable in Massachusetts?
Goldstein Law Firm Blog
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1M ago
As a franchisee, there is a good chance that you are required to resolve any disputes with your franchisor through alternative dispute resolution (ADR)—either mediation or arbitration. Franchisors like mandatory ADR clauses for a variety of reasons, and they tend to favor mandatory arbitration clauses in particular. Arbitrating a dispute with your franchisor requires experienced legal representation; and, if you are facing a dispute with your franchisor in Massachusetts, you will want to speak with a Boston franchise attorney as soon as possible ..read more
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Thinking About Buying a Franchise After a Franchise Show? Here’s What You Need to Know
Goldstein Law Firm Blog
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1M ago
If you recently attended a franchise show and are thinking about buying a franchise, there is a lot you need to know. Buying a franchise is a major investment; and, while franchise ownership presents many opportunities, there is also a lot that can go wrong. Before you sign a franchise agreement, be sure to follow these 10 tips from national franchisee attorney Jeffrey M. Goldstein ..read more
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What Does it Mean if a Franchisor Has a Master Franchisee?
Goldstein Law Firm Blog
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2M ago
When you are thinking about buying a franchise, one of the key factors to consider (among many others) is the size and geographic dispersal of the franchise system. This includes not only the number and location of unit franchises, but also the number and location of any master franchisees ..read more
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Buying a Franchise in Illinois: How to Make a Smart Choice About Your Territory
Goldstein Law Firm Blog
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2M ago
Buying a franchise in Illinois requires careful decision-making. This applies across the board—from choosing the specific franchise opportunity that you want to pursue to choosing your territory. When it comes to choosing your territory, there are lots of factors to consider, and this makes it critical to work with an experienced Illinois franchise attorney who can help you make informed decisions throughout the buying process ..read more
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What Can I Do if My Franchisor’s Prices Are Too High?
Goldstein Law Firm Blog
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2M ago
As a franchise owner, you can feel price pressure on both ends. Not only can rising prices make it more difficult to make ends meet, but you can also face resistance from customers (or would-be customers) who think you are charging more than you should ..read more
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Franchise Dispute Resolution in New York: What Franchisees Really Need to Know About ADR
Goldstein Law Firm Blog
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3M ago
As a franchisee, you need to know that you are making informed decisions when facing a dispute with your franchisor. For most franchisees, making informed decisions starts with looking for information online, and in New York, a good place to go for reliable information is the New York State Attorney General’s website ..read more
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How Not to Regret Your Franchise Purchase
Goldstein Law Firm Blog
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4M ago
If you are thinking about buying a franchise, how can you make sure you don’t regret your franchise purchase? This is a critical question that far too many prospective franchisees fail to take seriously. Buying a franchise requires a substantial investment that you can lose if your business isn’t successful, and even after you lose your investment, you can still find yourself facing claims from your former franchisor for lost future royalties. So, how can you ensure that you are making a sound decision? National franchise lawyer Jeffrey M. Goldstein explains ..read more
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