An Attorney’s Journey Into Franchise Investing
Discover the unexpected reason why franchise owners fear negotiating with real estate attorney Karen Abrams. Her unique approach, shaped by personal triumphs and failures, has earned her respect and recognition in the industry. But there’s more to her story than meets the eye. Stay tuned to uncover the secret behind her unwavering dedication and why it’s changing the game for small business owners everywhere.
My special guest is Karen Abrams
Karen Abrams, an accomplished real estate attorney, returns as a guest on the podcast, bringing her wealth of expertise in franchising and real estate transactions. With a strong background in representing business owners, Karen shares valuable insights on real estate strategies for franchise owners, expanding businesses while balancing full-time careers, and identifying investment opportunities within the health and wellness franchise sector. Her extensive experience and involvement in various brick-and-mortar concepts make her a trusted source for navigating lease negotiations and understanding best practices for small business owners.
Karen’s down-to-earth and relatable approach ensures an engaging and informative conversation, offering franchise owners practical advice and empowering decision-making in their business ventures.
You cannot, cannot, cannot just rely on the FDD and that item 19 that talks about average costs and how much you make. Every market is different and every corner of every suburb is not created equal. – Karen Abrams
In this episode about franchise investing, you will be able to:
- Understanding real estate strategies can help franchise owners secure prime locations for maximum business growth.
- Learn how to effectively expand your franchise while juggling a full-time job.
- Discover the lucrative investment opportunities within the thriving health and wellness franchise industry.
- Implement best practices to optimize the success of your brick and mortar business as a franchise owner.
- Gain valuable insights on navigating lease negotiations, empowering you to make informed decisions for your small business expansion.
The resources mentioned in this episode are:
- Franchise Disclosure Document (FDD) – A crucial resource for potential franchisees to understand the details of the franchise system, including costs, obligations, and other important information. This document provides transparency and insight into the franchise opportunity.
- Real Estate Brokers – When considering leasing a commercial space, it’s essential to engage with experienced real estate brokers who have a deep understanding of the local market and can provide valuable insights into lease negotiations, market trends, and property suitability.
- Legal Representation – Engaging a skilled real estate attorney, like Karen Abrams, is essential for navigating lease agreements, understanding legal implications, and ensuring that the terms of the lease are favorable and protective of the tenant’s interests.
- Due Diligence – Prospective business owners should conduct thorough due diligence, including speaking with existing franchisees, understanding market dynamics, and evaluating the financial viability of the business opportunity. This comprehensive approach is crucial for making informed decisions.
- Franchise Agreement – The franchise agreement, outlined in the FDD, is a critical document that potential franchisees should carefully review with the assistance of legal counsel. It details the rights and obligations of both the franchisor and the franchisee, providing clarity on the terms of the franchise relationship
We welcome your comments, questions and suggestions to franchise investing. Please contact us with questions. Best to call, email, or visit our site for the best response. We do invite you to engage with us on social media (just not for immediate needs). As always, if you like, you will find us on the following social media sites, among many others:
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