[Announcing]: A long awaited Steak-N-Shake is anticipated to open in West Des Moines this coming January 2021. A couple of years ago in a Des Moines Register poll, Steak-N-Shake was one of the most desired businesses for the Des Moines area.
Delayed for more than a year, West Des Moines Steak-N-Shake to Open
Whether your are a prospective franchisee yourself, or a franchisor searching for the right franchisees, it is important to know what makes a franchisee successful. Because in actuality there are always top, average and poor performers in EVERY franchise. Franchisors will see a wide-spectrum of results. This blog post examines 5 traits I have noticed
Recently I had a conversation with a very successful small business owner I have known for a long time that really shook me. I learned his sales are now down 80% during the latest surge of the pandemic . He said,
The virus is killing us. People are scared.
Meanwhile, Amazon’s sales increased 40 percent
The Complete Introduction to Franchising and Franchise Ownership [With Updates] – Joel Libava, The Franchise King
Because if you’re going to invest in a franchise, it’s crucial for you to get a complete understanding of the business of franchising. You need to understand how
Multiple unit franchising has the most risk but offers the most reward. In my experience, owning multiple franchise units allows you to harness the true power of franchising. The franchisees I see who are the most successful are all multi-unit owners. Substantial investment is required in order to purchase multiple units and should not be
This past week I had the opportunity to participate in the 43rd Annual Franchise Forum. As only one of two Iowa lawyers participating in this year’s Forum, it was an all virtual event for the first time in its history. The Forum is essentially the franchise lawyer bar association meeting. Every time I participate I
Recently I reviewed a franchise offering for a prospective franchisee. This particular franchise made financial performance representations in Item 19 of the Franchise Disclosure Document (FDD). The financial performance representations revealed some impressive numbers at first glance. After all, the highest performing franchisee was earning in excess of million dollars per year. And the “average”
As a lawyer representing both franchisors and franchisees I have somewhat of an unique perspective on franchisor / franchisee relationships. Most franchise lawyers tend to represent one side or the other. But it is somewhat rare for a franchise lawyer to represent both sides. I have spent over two decades now reviewing franchise agreements. I
I recently formed a corporation and within a short time I received a flyer in the mail from a company operating as IA Certificate Service. The flyer (see a similar one from a Mississippi article) explained that the next step for me after filing my Articles of Incorporation was to obtain my
This is the final post in a series of posts on the Secret Sauce of Franchise Investing based upon an excellent article I read some time ago on what private equity likes to see before investing in a franchise. In this post I am highlighting the eighth ingredient which is whether the franchise has
