Results for "Ned Levitt"

from Ned Levitt, senior partner, Dickinson Wright LLP. In the world of franchising, Canada occupies a unique position. Geographically, we share a common border with the U.S. franchise behemoth, as does Mexico, but Canadians are more like Americans than any other people on the planet.  This means that American franchise successes are more likely to… Continue reading Buying a Franchise from a U.S. Franchisor

from Ned Levitt, senior partner, Dickinson Wright LLP. The success of a franchise system and the contentment of the franchisees in the system are very much a product of the character, strengths and weaknesses of the franchisor. A franchisor, to be successful, has to become an expert in the business of franchising, as well as… Continue reading How Can You Tell the Good Franchisors from the Bad?

from Ned Levitt, senior partner, Dickinson Wright LLP. Careful consideration and thorough due diligence is critically important in the purchase of a single franchise. For the purchase of master franchise rights (the right to sub-franchise to others) or area franchise rights (the right to open multiple single franchise units in a given area) there is… Continue reading What to Look for when Valuating a Master Franchise or Area Development Opportunity

from Ned Levitt, senior partner, Dickinson Wright LLP. Expanding your business through franchising is neither as hard nor as easy as most people think. Myths and misunderstandings about franchising are plentiful and potentially very, very dangerous. It is not a “license to print money” rather it is one of several distribution methods that businesses can… Continue reading Why Should you Franchise your Business?

from Ned Levitt, senior partner, Dickinson Wright LLP. In the world of franchising, Canada occupies a unique position. Geographically, we share a common border with the U.S. franchise behemoth, as does Mexico, but Canadians are more like Americans than any other people on the planet. This means that American franchise successes are more likely to… Continue reading Buying into The American Dream

from Ned Levitt, senior partner, Dickinson Wright LLP. Buying power, name recognition, expertise (both in the business and in the business of franchising), advertising clout and research and development are some of the benefits prospective franchisees expect when buying a franchise. With the newer systems, these benefits may not materialize for several years, if at all. There is no question that the risks for franchisees in the start-up… Continue reading Buying a Franchise: New Systems Versus Mature Systems