Las Vegas-based Capriotti’s Sandwich Shop is looking to expand. The company is looking for expansion deals that would commit well-funded buyers to open a number of stores in defined territories. This strategy can work very well for a franchise company, so long as it understands at the outset how using development agreements for expansion is fundamentally different from growth through adding single-unit operators.
Author: Matthew Kreutzer, Las Vegas Franchise Attorney
Nevada Needs Film Incentives
Economic diversification for Nevada is a critical issue for the state. Other states have rushed to adopt filming incentive packages, which have been successful in luring companies to spend millions of dollars in the incentive states. Nevada is one of a small minority of states that does not have an incentive.
IFA Report Shows The Economic Impact Of Franchising
As part of its ongoing efforts to increase the public awareness of the economic impact of franchising, The International Franchise Association has released new statistics based on its report, The Economic Impact of Franchised Businesses, Vol. 3, and the 2007 Economic Census. The web site (available at IFA – Report) provides information regarding the number of jobs and franchise establishments in the U.S.
Webinar On Franchise Sales: March 10, 2011
You are invited to attend a complimentary webinar this coming Thursday, March 10, 2011, between 1:30 and 3:00 PM Pacific. The webinar, which is being co-hosted by Armstrong Teasdale and the Upside Group, focuses on the business and legal aspects of the franchise sales process.
IFA Public Awareness Campaign Touts Franchise Job Creation
A new advertising campaign by the International Franchise Association highlights one of the many economic benefits of franchising: job creation. The IFA’s Public Awareness Campaign is dedicated to touting the economic impact of franchising and educate lawmakers and the general public regarding the economic outlook for franchise businesses, as opposed to non-franchised businesses.
KFC National Council and Advertising Cooperative, Inc. v. KFC Corporation: A Cautionary Tale
The Delaware Chancery Court recently issued a decision severely limiting KFC Corp.’s right to control brand marketing in a case that offers several important lessons about managing franchisee relations. The case involved a suit brought against the international fried chicken franchisor by a special purpose entity formed to develop and manage the chain’s domestic advertising. The suit centered on the scope of the NCAC’s authority to control brand advertising.
