Is Master Franchise Development Right For Me?
Master Franchise Development can be an effective strategy for rapid expansion into unfamiliar territories, such as interstate or overseas. The master franchisee will be motivated to grow the franchise as quickly as possible as they will receive the benefit of the franchise fees and royalties. Their familiarity and existing business connections will also hasten the process.
However, master franchise development is a significant investment. It requires large amounts of capital both for the franchise agreement as well as for marketing and capital for the new territory. The master franchisor also faces the risk of contracting with a franchisee without the adequate management skills. The master franchisee, typically, will need strong sales, marketing and operational abilities to drive the franchise forward.
How Can LegalVision Help With Master Franchise Development?
LegalVision’s fixed-fee franchise lawyers can assist with all aspects of your master franchise development. Whether you are master franchising locally or internationally, we can help you to draft, review or customise your franchise agreements according to the laws of your intended jurisdiction. Further, we can provide the advice you need to decide whether this form of franchising is right for your circumstances, and our network of global partners means we can point you to the right people if you choose to expand overseas.