Investing in a franchise can prove to be the opportunity of a lifetime. However, with this investment comes great responsibility. Whether you are buying your first franchise, creating a new franchise or are a franchisor seeking to expand, it is imperative to take the time to carefully examine and prepare your investment strategy.
At Angiuli & Gentile, LLP, we have been advising clients in Staten Island and the surrounding areas for nearly 30 years. Supervising partner Gary C. Angiuli’s considerable experience, vast legal knowledge and entrepreneurial spirit have enabled many of our clients to build successful and prosperous businesses.
Please call 347-201-4447 to arrange a consultation. Our firm is a member of the International Franchise Association and has the skills needed to effectively analyze your prospects for success.
Helping To Buy Or Sell A Franchise
Many potential franchisees fall in love with the idea of owning a particular franchise. While enthusiasm is a positive entrepreneurial trait, financial and business realities must always be carefully considered. Our extensive experience in franchise investment matters helps clients understand these realities, as well as the steps they need to take to fully protect their investments.
Our firm can review the franchise disclosure documents (FDD) thoroughly, with an eye toward answering such key questions as:
- What are the obligations of the client in terms of sales and the purchase of supplies and services from the franchisor or designated provider?
- What are the franchisor’s obligations in terms of training and marketing support?
- Is the client subject to any potential liability and, if so, what steps can be taken to limit any legal exposure?
We are also able to assist clients in engaging an accounting firm to create a pro forma financial statement, compare the franchise offering with similar franchise opportunities, make certain there is flexibility and opportunity to grow, and devise an exit strategy so that the business can be sold when appropriate.
Our firm believes that by undertaking advance planning, clients are better able to make educated decisions and capitalize on potential for growth.
Advice On Starting A Franchise
At Angiuli & Gentile, LLP, we have also helped get many new franchise concepts off the ground, and we advise clients on business organization and intellectual property matters.
When it comes time to sell a franchise concept, we can draft FDDs that comply with the law and provide the information that prospective franchisees need to fully evaluate the opportunity.