TL;DR
Lane Fisher discusses his top concerns for the franchise industry, including regulation, labor issues, and economic downturn. He also highlights the importance of unit economics in driving unit growth and multi-unit franchise ownership.
We also advise clients on franchise development, regulatory compliance, corporate formation/governance and trademark licensing and protection matters. Our experienced attorneys are well versed in multi-unit franchising, international franchising and complicated disclosure issues.
What makes your firm stand out as a resource for the franchise industry? Today, unit economics is the single largest driver of unit growth, and multi-unit franchise ownership. We help franchisors translate their successful business model into a digestible speak, identifying the most compelling silos of profitability in Item 19. We also assist in identifying a compelling multi-unit model to market. We match opportunities to resources, to help an emerging or reemerging franchisor identify and secure the right talent.
Experience, along with expertise and results.
I enjoy helping franchisors identify their highly efficient models, and creating an Item 19 that is the catalyst of growth.
Regulation. There are still irresponsible franchisors who get the attention of regulators, and bring unnecessary attention to the business model. Unions have a great deal of power in the democratic party and as Republicans lose seats, and control of potentially the House and Senate, Unions will likely drive labor issues, like joint employment to serve their own selfish political ends. Lastly, if you believe that business operates in 10 yearcycles, and our last downturn was in 2008, history suggests that we are do for an “adjustment” in the near future.
There is still a lot of liquidity in franchising available to capitalize emerging concepts with strong unit economics. Capital appears to be available for franchisees. With big boxes vacating traditional real estate, Landlords will likely continue to create more experiential retail environments, to lure the retail consumer.
In this story
This story was originally published in 1851 Franchise on April 2, 2018. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.
