Franchises are a very particular form of business that pose a unique set of challenges to those looking to or currently operating a franchise business. Yes, there is an 'established' business system in place, however such a system creates its own responsibilities and financial obligations, which need to be properly considered in your decision-making process.

Only by understanding your obligations and integrating them into your ongoing business plan can you seek to realize the full benefits of a franchise. Some of the benefits associated with franchising include:

- attaining a recognized brand and use of relevant trademarks

 - realizing an established market presence

- gaining from their existing history in the particular area of business

- receiving comprehensive training, followed by on-going help and support

- benefitting from a generally higher success rate, with reduced risk exposure

- become a part of pre-established supply lines and major group purchasing power

- lower unforeseen costs (and in specific circumstances, potential financial support)

- pooled advertising and marketing system to increase exposure and brand recognition

- typically easier to start-up due to the experienced support

To learn more about how we can of assistance to your franchised business and optimizing your returns from participating in a franchise system, contact Neufeld Legal P.C. at Chris@NeufeldLegal.com or 403-400-4092 / 416-887-9702.