When you sign up to a Franchise, you should be getting “A business in a box”.
But you might be getting something a bit like indentured slavery. It can end up being the sort of deal where you are under the control of the Franchisor and are paying fees even if you are making a loss!
We don’t mean to be alarmist, but franchises agreements are probably the most high risk documents that you can sign. This does not mean that all franchises are bad. They’re not. Some work quite well for the people who buy them. And some don’t……
We review Franchise agreements all the time, and see some pretty frightening things written in some of them. We often see: