Franchisors Continue to Offer Concessions to Attract Prospects
Posted in Franchising on May 19, 2010
Many franchisors continue to have a tough time selling franchises and are offering discounts, financing assistance, no-royalty periods, and other creative concessions to attract prospective franchisees. One recent example is Fantastic Sams, which just announced a significant reduction in its initial franchise fee. Read more here: The Salt Lake Tribune (Utah).
Kudos to the State of Wisconsin—Electronic Franchise Registration Filing System Debuts
Posted in Franchising on January 3, 2010
The Wisconsin Department of Financial Institutions recently became the first state in the nation to announce the debut of an electronic filing system allowing franchisors to submit registration applications online. The new filing system is scheduled to go online this month. Online filings should improve efficiency, thereby saving franchisors time and money as they navigate the registration process in order to sell franchises in the state of Wisconsin. Hopefully, the other dozen or so "registration" states will follow suit.
For additional information, please see the Wisconsin Department of Financial Institution’s website at: www.wdfi.org/fi/securities/franchise/.