I always wanted to own my own coffee shop, but not your ordinary coffee shop. I want my coffee shop to attract avid readers and art lovers locally and from far. I imagined it being featured in blogs of influential people with paintings from local artists accenting the rustic decor. As my dreams grew, so did my awareness of what it really took to become a small business owner – let alone find the financing to pay for the extravagant design I envisioned. I realized I don’t know the first thing about actually serving customers, or what types of coffee I can put on the menu. “Who would supply the coffee beans? Does coffee still come in bean form or is all grinded into little pods?” I had a lot to learn, but I didn’t want to give up on my dream.
I took to the internet and began researching for the possibility of becoming a franchise owner of well established coffee shop chains like Tim Horton’s. If I wasn’t able to open my own coffee shop scratch, I figured I could piggy-back off one that had proven success, while being able to learn a thing or two about owning my own store one day.
I wanted to take the next steps towards becoming a franchise owner. I needed to protect my investment, as well as my future with the franchise. So, I relied on the legal advice and guidance of an experienced Franchise Lawyer in Mississauga at Law Works. Here are just some of the benefits I found having a lawyer guide me through the franchising process :
- Certain terms of the agreement were negotiated to better suit my needs.
- Gain clarification and specific details regarding vague terms mentioned in the agreement.
- Avoid waiving your legal rights should a disagreement between you and the franchisor in the future.
- Protecting your investment now and in the long-term.
If you’re considering becoming a franchisee, I highly recommend getting a franchise lawyer to review any disclosure documents or agreements, before paying any money or signing any paperwork. Contact Law Works in Mississauga to discuss your options.