Blogs

Tom Spadea Speaks at the Jersey Mike's National Conference

April 10, 2016 - Orlando Florida

Tom Spadea presented a session on "Top Lease Clause Negotiations" to over 200 Jersey Mike's franchisees attending the National Franchise Conference held in Orlando Florida. The entire conference, held from April 10th to April 12th had over 1,100 attendees. Tom Spadea & Matt Wizmur from Spadea Lignana made the trip after being invited to present by Mike Parkhill, the Senior Vice President & Director of Real Estate for Jersey Mike's Franchise System.

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Tips For Buying An Existing Franchise Business

When you are buying an existing franchise business, you have several issues about which to be concerned. You will need to make sure that this is the right franchise system in which you should invest. You will need to form an entity to have title to the franchise and assets you will be acquiring and you will need to evaluate the actual business you will be acquiring from the current franchisee/seller.

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Why Should a Franchisee Consultant Recommend an Attorney Review

Many times franchisee consultants or brokers are concerned to recommend that their candidates have an attorney review of the franchise documents. I would strongly recommend otherwise. An attorney review not only is critical to a prospective franchisee, but it is also very important to protect the consultant or broker. 

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"Lawyers and Social Media"

Increasingly, the majority of lawyers reaching partnership have never known professional life without BlackBerrys, online research and professional networking Web sites. LinkedIn, Facebook and MySpace allow users to post personal and professional information and share this information with other users.

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Tips on Buying an Existing Franchise

Buying an existing franchise has some key advantages over buying an existing main street business.  Like all business decisions, the short term and long term goals of the purchaser should determine the right fit for a business to buy.  If the buyer’s goal is lifestyle, control (compared to a job) and predictable cash flow than a franchise has some distinct advantages.  However, there are also some hidden cost and considerations that are unique to franchise transfers.

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