How to Franchise Your Business [7 Steps]

If you are considering franchising your business, here are the steps to take and how to do it. In this video franchise lawyer, Charles N. Internicola, Esq. goes into the steps to franchising a business and explains the basics of what you need to know.

TOPICS:
00:00 How to Franchise a Business Intro
01:09 The Basics: What is Franchising?
02:53 The Economics
03:27 Advantages of Franchising Compared to Organic Growth
6:01 How Long it Will Take to Franchise Your Business
7:15 What Does Winning Look Like?

The Steps to Franchising a Business:
10:39 Step 1: Creating The Franchise Disclosure Document (FDD)
12:02 Federal Franchise Laws and State Franchise Laws
14:38 List of 23 FDD Items
16:27 Item 1: The Franchisor and any Parents, Predecessors and Affiliates
16:46 Item 2: Business Experience
17:10 Item 3: Litigation
17:20 Item 4: Bankruptcy
17:50 Item 5: Initial Fees
18:43 Item 6: Other Fees
20:37 Item 7: Estimated Initial Investment
21:13 Item 8: Restrictions on Sources of Products and Services
22:08 Item 9: Franchisee's Obligations
22:27 Item 10: Financing
22:32 Item 11: Assistance, Advertising, Computer Systems, and Training
23:24 Item 12: Territory
23:58 Item 13: Trademarks
24:26 Item 14: Patents, Copyrights and Proprietary Information
24:36 Item 15: Obligation to Participate in the Actual Operation of the Franchise Business
24:58 Item 16: Restrictions on What the Franchisee May Sell
25:14 Item 17: Renewal, Termination, Transfer, and Dispute Resolution
25:50 Item 18: Public Figures
25:55 Item 19: Financial Performance Representations
28:15 Item 20: Outlets and Franchisee Information
28:29 Item 21: Financial Statements
29:17 Item 22: Contracts
29:54 Item 23: Receipts

31:54 Step 2: Creating Your Operations Manual
35:30 Step 3: Registering Your Trademarks
37:20 Step 4: Establishing a New Franchising Company
39:02 Step 5: Registering Your FDD in Franchise Registration States
41:23 Step 6: Creating a Sales Strategy
45:50 Step 7: Setting a Realistic Plan and Budget

To learn more about how to franchise a business, call us at [phone] to discuss if franchising is right for you.

#Franchiseabusiness #howtofranchise

[ic]

I am blown away by the knowledge, expertise and valuable information provided by this channel.

[ChrisMaveric]

Excellent breakdown of franchising a business... Thankyou

[pabloceja]

Incredible amount of info for a YouTube video great job!

[Myrahh]

Extremely informative. I will be calling you one day

[GreenyardVillas-BoaVista-uxmv]

Very informative content. Thank you so much.

[dustywilson]

Big thanks for providing this information 🙏🏼

[togethereasy]

This was very well prepared and very informal. Thank you.

[mikeharvey]

on point. Franchising is our growth strategy in 2022. Changing the $50B roofing industry!

[JolitaBrilliant]

Best information on YouTube regarding this

[loanpalmortgage]

Your video is very thorough. Thank you very much for that.

[nawrelv]

hey i just come across this video while researching how to franchise my father's business, this is really helpful thank you

[Pampermeperfect]

Excellent information. I heard you all were one of the best

[PeaceChanel]

Peace.. Shalom.. Salam.. Namaste
🙏🏻 😊 ✌ ☮ ❤

[performancegolf]

Great video, do you also manage things internationally for franchisers?

[ajandabramslandingin]

This is very informative. How can we avail of your service? Is it available in Canada?

[claudiacossio]

Thank so much. How much would that be?

[Smalltowncupsllc]

How would I get in contact with you or someone to talk more about franchise ING my business

[thebusiness]

This dude sounds kinda like Jonah Hill

[moinwings]

Your great 👍 dear Sir #artofmiyabhaitv soon inshallah I be calling you I i understand it will take sometime

[diveglia]

I love this video, you explain everything so well thank you