What Kind of Insurance Does a Franchise Need?

Posted on: September 19, 2018 by RMS Hospitality

Franchise restaurants, especially fast-food spots, are constantly on the go. A big key to business is to provide service efficiently, but to not sacrifice quality. If this happens, this could lead to disgruntled patrons and possible legal issues surrounding health concerns. What’s more, franchise owners who handle multiple locations have a lot on their plate […] Read More

Posted in: blog Franchise Select

Franchise Marketing Strategies: The Good and the Not-So-Good

Posted on: September 12, 2018 by RMS Hospitality

Having a strong marketing message is vital to franchises looking to strengthen their customer base while enticing new customers to buy into what they’re selling. However, some false steps in a plan could completely derail your potential and goals of reaching new customers and clientele. Before anything gets underway, it’s also important for franchises to […] Read More

Posted in: blog Franchise Select

Understanding the Rules and Regulations of Being a Franchisor

Posted on: August 29, 2018 by RMS Hospitality

Owning a franchise operation always sounds like a great investment for businesspeople looking to expand their franchise footprint. Franchises initially present a great opportunity with a baked-in concept, business plan and marketing operation already in place. But before business owners take on this entrepreneurial endeavor, they have to go over some particular rules and regulations. […] Read More

Posted in: blog Franchise Select

The Hidden Liabilities in the Franchisor and Franchisee Relationship

Posted on: August 15, 2018 by RMS Hospitality

For franchise owners or would-be franchise owners, there’s plenty to factor in when looking to take on new business. But before you plan for a new franchise expansion, it’s important to look at the various legal aspects. Franchisee business offers a great opportunity for business owners and entrepreneurs. However, without covering your liabilities, the level […] Read More

Posted in: blog Franchise Select

5 Important Insurance Policies for Franchisees

Posted on: February 22, 2018 by RMS Hospitality Group

Owning a franchise is similar to owning any other business, but with some unique benefits and downsides. On the positive side, when buying into a franchise, a lot of the groundwork has already been done, so franchise owners are able to take some of the more difficult tasks associated with opening a business off of […] Read More

Posted in: blog Franchise Select

The Pros & Cons of Franchising

Posted on: February 5, 2018 by RMS Hospitality Group

Franchising a business isn’t for everyone, as we discussed in our last blog. However, if you have clients who are financially capable, have a proven model of success and have the resources to do so, they’ll need to know the basics of franchising. Or, if you have clients who are interested in buying into a […] Read More

Posted in: blog Franchise Select

Restaurant Clients: To Franchise or Not to Franchise?

Posted on: January 29, 2018 by RMS Hospitality Group

As we continue on in the new year, some of your restaurant clients might share interest in franchising their business. Not every restaurant model is sustainable in franchise form, and their success depends on a few different factors. In this article, we’ll provide some key insights into what makes a franchise successful so that you […] Read More

Posted in: blog Franchise Select

Franchise Mistakes to Avoid: Not Hiring a Lawyer

Posted on: October 17, 2017 by RMS Hospitality Group

Franchise Ownership Pitfalls > Why Every Franchise Owner Must Have a Lawyer This series of posts has been dedicated to enlightening novice franchise owners on the crucial mistakes to avoid. First, franchise owners should understand that they are not independent business owners and do not have the freedom to do as they please. Next, a […] Read More

Posted in: blog Franchise Select

Key Franchise Mistakes: Assuming Security

Posted on: October 10, 2017 by RMS Hospitality Group

Franchise Ownership Pitfalls > Low Survivability Rates Buying into a franchise operation has plenty of perks. To start, the business is well-known and established and the groundwork has been done. However, this doesn’t mean that franchisors are guaranteed financial security and success. In this installment in our article series regarding key franchise mistakes, we’ll take […] Read More

Posted in: blog Franchise Select

Key Franchise Mistakes to Avoid: The Illusion of Freedom

Posted on: September 26, 2017 by RMS Hospitality Group

Franchise Ownership Pitfalls > Lack of Freedom In our last post, we discussed some of the pitfalls that new franchise owners encounter. While there’s always room for growth and learning, the misconceptions versus the reality of owning a franchise can be a deal breaker for many. In this article, we’ll explore the pros and cons […] Read More

Posted in: blog Franchise Select