WE PROVIDE FOLLOWING BENEFITS TO OUR FRANCHISEES
»Top«
|
Thursday 7 July 2011
SAGAR RATNA
BARISTA
Barista’s Coffee Franchise: Attorney Violated Ethical Standards
(FranchisePick.Com) Related story: People Lie. People Cheat. People Advertise., Want to Franchise Your Business? Do Your Homework First.The Kearney Hub reports that the “referee” overseeing disciplinary proceedings against Kearney, Nebraska attorney Jeff Orr is blowing the whistle on Orr, and giving him a 15 yard penalty for impersonating a franchise attorney.
In 2002, Barista’s owners Sickler and Mettenbrink hired Orr to assist them in franchising their 1 1/2 year old coffee shop concept. Orr told Sickler and Mettenbrink that he had franchise legal experience. His experience, however, was limited to having read a handful of disclosure documents. He as much as admits that he copied the Quizno’s franchise agreement.
Here are some highlights from the Kearney Hub article:
“…Orr took on the Barista’s case knowing he was not competent to handle the work. “Not only had he never undertaken such a task previously, but also he was warned by an intellectual properties lawyer, whom he respected, that franchise law is ‘pretty specialized,’”
“… Although he knew that certain aspects of franchising were governed by the Federal Trade Commission, he did not adequately prepare himself for the task,” Olson said of Orr.
“Before learning that their disclosure statement did not comply with FTC rules, Barista’s sold 21 franchises between 2003 and 2006. Barista’s Daily Grind currently operates in west Kearney under new ownership.”
“Barista’s closed its two Kearney locations at 4402 Second Ave. and 2400 Central Ave. last summer after Sickler and Mettenbrink defaulted on loan payments and lost ownership of their properties to Kearney State Bank & Trust Co. in a foreclosure.”
“Although the exact nature and extent of the harm suffered by the clients was not addressed in detail, the evidence is clear and convincing that the consequences to the client were serious,” Olson said.
“Waldine Olson, who is acting as referee in Orr’s disciplinary proceedings, has ruled that Orr violated four of 13 ethical standards and provisions listed in the State Bar Association’s Code of Professional Responsibility and Rules of Professional Conduct.
Wednesday 6 July 2011
BURGER KING
As one of the major fast food franchises in the world, Burger King is a company that provides fast food restaurants in every country of the world. With its restaurant available anywhere in the world it makes it easier for investing in a local location for anyone who wants to become a Burger King franchises. It becomes also possible for an investor to invest in a Burger King overseas if the nearby franchises are not performing as a well. Basically with an international background, Burger King offers you, the investor, multiple opportunities to invest in their franchise restaurants.
With several advantages their main reasons why you would want to invest in a Burger King franchise instead of starting your own restaurant. A franchise is a restaurant with a very detailed process that is repeated over and over again so this means except for investing you wouldn't have to worry about the menu, the infrastructure or the process of cooking. It's basically like starting your own restaurant but everything has already been tested for you so all that is left to do is for you to manage the restaurant, satisfy your clients and you'll be rewarded with the profits.
Although it may seem so easy, there is one major barrier to entering the Burger King market and that barrier refers to money. In order for you to invest in a Burger King franchise you need to meet certain requirements and usually the investment required is the requirement that investors cannot meet. With investments starting at $800,000, many investors will rethink that investment because you will need to have a high ROI if you want to cover your investment as soon as possible. Although you do not have to pay the full amount in one payment you still have to consider all other expenses such as employees. You'll need to read the Burger King franchise agreement with the help of a lawyer or consultant.
If you have never started a restaurant, this is why starting with a franchise such as a Burger King franchise becomes useful. Burger King offers a support program for investors who have no idea how to start a franchise. The support programs offer training in fields such as site selection, marketing, restaurant operations and much more. Investing in Burger King franchises not only provides you with your own restaurant but also instructions on how to start it and run it properly so that you can start earning profits as soon as possible.
Investing in the Burger King brand is definitely a safe choice as it almost guarantees a certain ROI if you follow the steps to creating a Burger King franchise without deviating from it. It is also a good opportunity for you to decide if the food business for you and if you should continue investing in more restaurants in the near future. If you are a first-time investor, this will be a great challenge for you but also one of the best learning experience so you can become a better investor and restaurant manager.
Subscribe to:
Posts (Atom)