Prospective and new franchisees shouldn’t just stop at signing their initial commercial lease … they should start thinking ahead to their commercial lease renewal.
When looking at franchise systems to join, potential franchisees will notice that many franchisors will operate on a “cookie cutter” system where each franchise store should more-or-less look and operate the same.
Many future franchisees think that when they join a franchise system, the franchisor will complete everything for them. Think again!
Readers of our new book, Negotiating Commercial Leases & Renewals FOR DUMMIES, will learn (in-part) that although most commercial real estate professionals may tell you that operating
As a franchise tenant, you will want to prepare yourself for lease negotiations with a commercial landlord.
Chicken or Egg Site Selection and Leasing – Which Comes First, Finding a Franchisee or Finding a Site?
In the franchise industry, the franchisor or the franchisee could sign the “head lease” with the landlord. By doing so, either party becomes the “head tenant”.
Stepping onto a busy street to cross without looking both ways first can prove to be dangerous! We can say the same thing for entrepreneurs considering a franchise opportunity.
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