What You Need to Know About Franchising
Thinking about offering franchises in New York? Or maybe buying an existing franchise? It’s a great place to do so. With an economic output the size of Canada, New York attracts those looking to achieve the American dream—business ownership—everywhere from the Big Apple to Buffalo…and every city and town in between.
It’s important to educate yourself before selling franchises or buying a new or existing franchise in New York, so that you know what’s expected of you and what legal requirements and protections exist for both parties.
There are 30,285 franchises in New York.
The 2,078 donut franchises in New York
make up 10.4% of total franchised units.
(or potential franchisors)
(franchisees & franchisors)
(or potential franchisees)
Attorneys Who Understand NY Franchise Law
Franchise laws vary from state to state, and it can be difficult to understand the requirements. Spadea Lignana has streamlined the process to ensure you remain compliant as you grow nationally. Our corporate office is located in Philadelphia, and we have a satellite office in Melville, NY, making it easy for both New York-based franchisees and franchisors to meet with us.
Flat Fee Program for Franchisors
Spadea Lignana’s CORE program for franchisors is a cost-effective and practical solution for the ongoing legal needs of franchisors, including but not limited to, FDD updates, state registrations and franchise agreement executions. Through a proprietary cloud-based system we can effectively and efficiently manage FDD Disclosures and Franchise Agreement executions for fair flat fees billed monthly. We believe that hourly billing, although necessary in certain circumstances like complex M&A deals and litigation, can weigh on the relationship between client and attorney. By coming up with a fair flat monthly fee, the uncomfortable negotiating of whether or not a 6 minute increment in your bill for replying to an email was legitimate goes away.