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Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!
Identify the perfect franchise for you! Take our short quiz Take our free franchise quiz!

Breaking: The Recent Force Majeure Clause And Its Impact On Brick & Mortar Franchisees

According to Franchising.com, in what is likely a first-of-its-kind decision, the U.S. Bankruptcy Court for the Northern District of Illinois has held that governmental restrictions imposed to combat the spread of the novel coronavirus qualify as a force majeure event and represent a valid reason for a business to suspend performance of its contractual obligations during the pandemic and ongoing governmental restrictions placed on many businesses.

We believe this decision has significant positive implications, both for franchisees who own brick and mortar locations, and the landlords that manage them. Thousands of small businesses across the country have been limbo or worse because of the effects of the pandemic. But despite tough times for franchises right now, this ruling can ultimately be a respite for some of them.

As you can read in the full story, these force majeure provisions might be a helpful jumping off point for franchisees who are unsure of their legal obligations or options during this turbulent economic time for which have little or no precedent.

We understand that landlords are hurting right now, but the cart before the horse issue is, their unit has to be occupied to bring rent, and it’s already occupied. And so, we believe this new ruling presents positive opportunities on both sides of the supply chain.

The landlords have a chance to build stronger, longer lasting relationships with their tenants, and the small business owners have a chance to keep their doors open and weather this downturn. Both of which will support the industry until consumer confidence returns and people are comfortable walking into stores again.

Now more than ever, small businesses and property management professionals alike can sustain their livelihood, while banding together to combat this difficult economic situation so everyone comes out on top down the road. 

Franchisee Focus: Why Maria Kirgan Opened Perspire Sauna Studio For Personal (And Professional) Wellness

Recently, we sat down with Dana Point and Laguna Niguel owner Maria Kirgan to learn about her journey not only as a small business owner, but also as a cancer survivor. She shared her story about how infrared saunas have been essential to her personal and professional wellbeing.

Cookie Franchise Craze

The cookie franchise industry is booming and it could be your time to buy into the sweet thriving business. Between Crumbl Cookies, Crave Cookies, Great American Cookie and more there are plenty of brands to invest in!

Best Franchises for Young Entrepreneurs

Politicians, academics, and corporate leaders alike love to proclaim that the "dreams of the youth" will drive our country's economic future. It's a fine sentiment, to be sure, but many of these same leaders, blind to the realities of the modern American (and global) economy, seem to incorrectly believe that these youthful dreams include following the increasingly unreliable path of earlier generations. Get a clue!