PURCHASING A FRANCHISE BUSINESS

When making the investment to purchase a franchise business, it is essential that you enter the process strategically positioned to optimize your future returns, while striving to eliminate uncertainties and potential problems. Your return on investment will be heavily influenced by how your purchase deal was planned and implemented. Making the right choices, including consulting knowledgeable professionals, will dictate how lucrative your business acquisition will prove to be.

Amongst professionals whom you consult, an experienced business lawyer can have the greatest positive influence on your purchase, especially when consulted early in the acquisition process. The critical challenges and complexities associated with completing a deal only come through navigating the trenches and pitfalls, so as to anticipate and off-set their impact well in advance of their occurrence.

A lawyer's input can be particularly important where your lawyer is prepared to offer his unbiased assessment of the business acquisition and the purchase price. There are certain business deals that simply should not be completed and inflated purchase prices that need to be drastically reduced. The due diligence process should assist in discovering many of the problems with the business, with the legal paperwork providing the means to deal with most latent defects and pre-existing problems (our franchise considerations section looks at issue with various franchises that a prospective franchisee would be well advised to consider prior to investing in a particular franchise system).

For experienced legal advice when purchasing a franchise business, contact franchise lawyer Christopher Neufeld at Chris@NeufeldLegal.com or telephone at 403-400-4092 [Calgary and Alberta]; 416-887-9702 [Toronto]; or 905-616-8864 [South West Ontario].

* For those looking to acquire a Master Franchise, go to our Master Franchise section.