Franchises
Buying into a system — what the disclosure document tells you, how the fee structure works, and how much discretion you are actually giving up.
How a franchise gets cleared to sell in New York state
Before a franchisor can sell a single unit in Manhattan, it must register a disclosure document with the Attorney General's office and keep it current every year.
What A Franchise Disclosure Document Actually Tells You
A long, legally required document containing the answers to the questions that decide the investment.
How Franchise Economics Actually Work
You are buying a system and a brand, and paying for both out of revenue rather than profit.
What A Franchisee Can And Cannot Control
Buying a franchise means buying constraints. Knowing which ones bind is the point of diligence.