Brian Duckett, of the Franchising Centre, discusses the vexed question as to whether the under-declaration of turnover by franchisees is acceptable? Naturally enough the theoreticians – the lawyers and the less-experienced franchisors and advisers – immediately reply with comments such as ‘None’, ‘It is theft’ and ‘We have a zero-tolerance policy’.
“We did a lot of research and looked seriously at around three franchise opportunities. However, something stood out about the Tutor Doctor franchise.”
Franchising has been lauded as a tried and tested way of growing one’s business by using the entrepreneurial skills and capital, without incurring debt or interest charges, of others. It has also sometimes misguidedly been promoted as a panacea for ailing businesses. Manzoor Ishani, of Sherrards, the Surrey-based law firm, tackles this issue.
FFS Brands, who operate the global Southern Fried Chicken franchise, have announced a new style quick service restaurant concept – AJ’s Piri Piri Chicken.
Derrick Simpson of Franchise Resales has announced that the first stage of a management buy-out has been agreed. Franchise Resales advises both franchisees and franchisors on the sale of their business.
Who on earth started the trend of calling franchisees ‘franchise owners’? Similarly, what’s with the term ‘master franchisor’ when describing the foreign party to an international franchise agreement? By Brian Duckett, The Franchising Centre.
Agency Express, the estate agency board maintenance service, has won the BFA/HSBC Franchisor of the Year award.