Leasing Strategies - Understanding the need for Professional Help
Company Added
Company Removed
Apply to Request List

Leasing Strategies - Understanding the need for Professional Help

Leasing Strategies - Understanding the need for Professional Help

There are challenges multi-unit franchisees face in site selection and leasing no matter what kind of market exists. Lease negotiations is an important constant for franchise growth and longevity. Identifying specific issues early in the process can provide powerful leverage to help establish and sustain success.

Earlier this year we interviewed several multi-unit franchisees and got their advice and best practices for site selection and lease negotiations. Here's what one multi-unit operator told us about understanding that getting professional help with leases is essential.

 

Get professional help

Just because you are an excellent operator doesn't mean you are a good negotiator. Look to legal counsel and reliable real estate advisors where you need it, and have an attorney review your lease to protect your interest. Franchisees recommend choosing one or two trusted local brokers and using them for everything.

"Don't bounce around," says multi-brand franchisee Mike Philip, whose portfolio includes Tropical Smoothie Cafe and Einstein Bros. Bagels. "They need a commission, and you need someone who will look out for you and work for you. Use your franchisor as wise counsel, but no one knows your market like you and your local trusted broker."

Published: March 24th, 2020

Share this Feature

ApplePie Capital
SPONSORED CONTENT
ApplePie Capital
SPONSORED CONTENT
ApplePie Capital
SPONSORED CONTENT

Recommended Reading:

Comments:

comments powered by Disqus
The Joint Corp.
ADVERTISE SPONSORED CONTENT

FRANCHISE TOPICS

American Family Care
ADVERTISE SPONSORED CONTENT
Conferences
Caesar's Forum, Las Vegas
APR 6-9TH, 2021

Sweet Paris Crêperie & Café is disrupting the fast-casual food industry one crêpe at a time. Since its debut in 2012, Sweet Paris has...
Cash Required:
$300,000
Request Info
The Joint® Chiropractic is reinventing chiropractic care. Our vision is to become the largest, most respected provider of chiropractic services...
Cash Required:
$100,000
Request Info

Share This Page

Subscribe to Multi-Unit Franchisee Report

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2020.
All Rights Reserved.