Welcome to our insightful discussion featuring Nate Riordan, founder of West Coast Franchise Law, alongside succession planning experts Jeff Bannon and Greg Sisa from The Rawls Group. Together, they unravel the complexities of lease management and negotiations faced by multi-brand franchisees, offering invaluable insights into aligning leases with your growth and succession plan.
Avoiding Personal Guarantees:
Discover why clauses extending personal liability to owners can be detrimental in lease agreements. Learn about the impact on business composition changes and explore negotiation strategies for seamless transitions in ownership, ensuring your business stays protected.
Explore the critical importance of aligning franchise agreements and leases to prevent conflicts. Understand how coterminous agreements ensure operational continuity without lease overhangs or franchise defaults, providing stability for your growing business.
Triple Net Lease Scrutiny:
Delve into the intricacies of triple net leases. Uncover expert strategies for scrutinizing CAM (Common Area Maintenance) charges, ensuring transparent billing, and preventing unexpected financial burdens. Stay informed and in control of your lease-related expenses.
Preventing Family Conflict:
Understand the significance of clear lease agreements in family-owned businesses. Learn how well-structured leases can prevent family disputes, promoting harmony and collaboration among family members involved in the business.
Safeguarding Business Value:
Gain comprehensive insights into safeguarding your business’s value by aligning lease agreements with your succession plan. Discover how strategic lease management positively impacts your franchise’s market value, ensuring your business remains valuable and attractive to potential buyers.