How to Buy a Franchise

Front Cover
SphinxLegal, 2004 - Business & Economics - 217 pages
0 Reviews
"The most readable, practical and complete book that I have seen on the subject of
purchasing a franchise. I strongly recommend it as must reading for anyone interested in buying a franchise for the first time."
-Stephen R. Buchenroth, former Chairman of
the Franchise Committee of the Small Business
Section of the American Bar Association

" ... a first-rate guide to evaluating and selecting a franchise ... .
A great read for any would-
be franchise investor."
-Matthew R. Shay,
Vice President and Chief Counsel,
International Franchise Association

Every day, more and more people want to take control of their destiny and become their own boss. However, most people have no idea how to take the first step. How to Buy a Franchise is that first step.

Finding information on selecting and buying a franchise has never been easier. This book explains everything you need to know about how to research a franchise company, analyze its financial and sales information and investigate the earnings claims of the franchisor. It tells you what to look for in disclosure documents and details the contents of Offering Circulars and Franchise Agreements.

Your initial decisions become the contract that guides your relationship with a franchisor for years to come. The crucial factors that are explored in these agreements include:
--training programs
--registration
--equipment purchasing
--earnings claims
--termination
--renewal

The opportunities available for someone to start a proven business are countless. How to Buy a Franchise will help anyone turn these opportunities into realities.
 

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Contents

Why Buy a Franchise?
1
What is a Franchise?
9
Finding the Right Franchise for You
15
Disclosure Laws
25
The Disclosure Statement
37
Financial Feasibility
59
Professional Assistance
65
Franchise Salespeople and Brokers
71
Your Relationship with the Franchisor
119
Franchisee Input and Franchisee Associations
123
Conclusion
129
Uniform Franchise Offering Circular sample
131
Franchise Agreement sample
175
State Filing Requirements
203
Index
213
About the Author
219

The Background of the Franchisor
75
Investigating Existing Franchisees
83
Earnings Claims
89
Understanding and Negotiating the Franchise Agreement
93
Ad Pages
221
Back Cover
229
Copyright

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About the author (2004)

James A. Meaney practices law in the United States Virgin Islands and Ohio and is a member of the American Bar Association's Forum Committee on Franchising. He served as the first Chairperson of the Columbus (Ohio) Bar Association's Franchise and Distribution Law Committee from 1992 to 1994.

Mr. Meaney is a cum laude graduate of the University of Dayton School of Law. He was Section Chief of the Ohio Consumer Frauds and Crimes Division, Ohio AttorneyGeneral's Office from 1982 through 1984, where he first became involved in franchise regulation and litigation.

His practice includes representation of franchisees and franchisors, franchise litigation, preparation of franchise disclosure documents, general business law and litigation, and personal injury litigation.

Mr. Meaney is the author of Evaluating and Buying a Franchise (Pilot Books, 1987). In addition to frequent lectures on franchising-related topics,Mr. Meaney has been a contributing editor of Advising Small Businesses (Franchising Chapters), Clark, Boardman, Callghan (1992 to 1997).

His other writings on franchising include Getting Your Message Across: Learning to Speak So That Your Franchisor (or Franchisees) Will Listen (American Bar Association Forum on Franchising, 1996 Mid-Year Meeting), Choice of Law: A New Paradigm For Franchise Relationships (15 Franchise Law Journal, 75 (Winter 1996)), and Representing Franchisees,American Bar Association Forum on Franchising (1997 Annual Forum (coauthor October 1996)).
James A. Meaney practices law in the United States Virgin Islands and Ohio and is a member of the American Bar Association's Forum Committee on Franchising. He served as the first Chairperson of the Columbus (Ohio) Bar Association's Franchise and Distribution Law Committee from 1992 to 1994.

Mr. Meaney is a cum laude graduate of the University of Dayton School of Law. He was Section Chief of the Ohio Consumer Frauds and Crimes Division, Ohio AttorneyGeneral's Office from 1982 through 1984, where he first became involved in franchise regulation and litigation.

His practice includes representation of franchisees and franchisors, franchise litigation, preparation of franchise disclosure documents, general business law and litigation, and personal injury litigation.
James A. Meaney practices law in the United States Virgin Islands and Ohio and is a member of the American Bar Association's Forum Committee on Franchising. He served as the first Chairperson of the Columbus (Ohio) Bar Association's Franchise and Distribution Law Committee from 1992 to 1994.

Mr. Meaney is a cum laude graduate of the University of Dayton School of Law. He was Section Chief of the Ohio Consumer Frauds and Crimes Division, Ohio AttorneyGeneral's Office from 1982 through 1984, where he first became involved in franchise regulation and litigation.

His practice includes representation of franchisees and franchisors, franchise litigation, preparation of franchise disclosure documents, general business law and litigation, and personal injury litigation.
James A. Meaney practices law in the United States Virgin Islands and Ohio and is a member of the American Bar Association's Forum Committee on Franchising. He served as the first Chairperson of the Columbus (Ohio) Bar Association's Franchise and Distribution Law Committee from 1992 to 1994.

Mr. Meaney is a cum laude graduate of the University of Dayton School of Law. He was Section Chief of the Ohio Consumer Frauds and Crimes Division, Ohio AttorneyGeneral's Office from 1982 through 1984, where he first became involved in franchise regulation and litigation.

His practice includes representation of franchisees and franchisors, franchise litigation, preparation of franchise disclosure documents, general business law and litigation, and personal injury litigation.

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