Thank you for sharing your experience Brian. This is one of the most informative videos out there on franchising - stuff that people don't talk about and can save your skin. Since the franchise agreement is usually attached to the FDD - you can see what is "industry standard" it is worth getting the FDD for their competitors to see how reasonable they are. If 5 other emerging brands in the same industry is 24 months in liquidated damage and the one you're signing up with is 60...probably highly negotiable.
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Thank you for sharing your experience Brian. This is one of the most informative videos out there on franchising - stuff that people don't talk about and can save your skin. Since the franchise agreement is usually attached to the FDD - you can see what is "industry standard" it is worth getting the FDD for their competitors to see how reasonable they are. If 5 other emerging brands in the same industry is 24 months in liquidated damage and the one you're signing up with is 60...probably highly negotiable.
Agreed on the damages! Appreciate the feedback. Let me know what other topics you’d like me to cover
Brian. Can you be my personal franchise coach? I tried to work with someone on your team that was not a good fit.
Hey can you email me? Brian@beerspodcast.com