There were some complications before the closing that related to the referring entity. My client was being charged a fee from them for a service that they were buying outside of being awarded a franchise. The client didn’t feel comfortable with the amount of the fees and spent some time negotiating those which held the deal up for 2 additional weeks. Once they had settled on a fee, the paperwork was sent and we scheduled a meeting to sign.
We scheduled another meeting to collect the check and sign the paperwork. I also had the client sign an acknowledgment for my insurance and records indicating that they made their franchise decision on their own and did their due diligence to arrive at the decision to purchase a franchise. Since the Franchisor would be doing a mail-away signature, the client signed the paperwork and we over-nighted it with the check. The franchise was awarded and all parties gained from the transaction. We created a win-win-win-win situation. The next step for my client was arranging training which had already been penciled into the Franchisor's calendar. We called the Franchisor to tell him about the mailed package and to inform him of the confirmation of training.
My client was one step closer to opening his own STOP business!
There are a few difficult things in this world that we all experience, regardless of country and culture. These are wars, pandemics, and economic hardships. And though these make for tough times - throughout history, we have overcome them each time. As the economy starts to slow - both here in the US and globally, […]
Ask anyone where they buy their goods from, and the chances of them answering “Amazon” is pretty high. The commerce landscape has dramatically shifted towards online marketplaces, with Amazon as the undisputed leader. This titan of e-commerce has reshaped how we buy and sell globally. Amazon's appeal stems from its vast product range, unmatched customer […]
One of the things people are often fearful of when becoming business owners is current market conditions. With the news blasting fear in everyone’s ears, it’s no wonder many Americans are scared to take a risk on themselves and entrepreneurship. Understanding this reality, we wanted to get a first hand look from a US Economist […]
