DESCRIPTION:

John Hayes, host of the Franchise Hot Seat, engages in a comprehensive discussion 

with Schuyler "Rocky" Reidel, founder of the Reidel Law Firm, on various pressing 

and contentious topics in the franchising industry. They emphasize the crucial role of 

specialized legal advice in franchising, particularly during a government shutdown 

that affects SBA loans. Rocky underscores the importance for franchisees to 

comprehend their responsibilities and limitations within franchise agreements, and 

the significance of thoroughly understanding the Franchise Disclosure Document 

(FDD). The conversation also explores the issues arising from private equity 

ownership in franchising and its potential effects on franchisees. A significant part of 

the discussion is dedicated to Subway's market difficulties and the problems caused 

by remodeling requirements. The dialogue concludes with a reflection on the 

difficulties faced by McDonald's franchisees, the repercussions of unfavorable 

franchising conditions in states like California, and the imperative of due diligence 

for potential franchisees. - With Schuyler "Rocky" Reidel.

TIMESTAMPS:

00:00 Intro

00:37 Why is legal guidance crucial in franchising?

01:19 What is a franchise agreement?

02:26 How do SBA loans impact franchising?

06:08 Biggest franchising challenges and misconceptions?

19:23 What is the FDD's role?

28:26 How does FTC regulate franchising?

33:40 How is private equity changing franchising?

44:18 Why is Subway struggling?

52:52 Biggest challenges in food franchising?

LINKS:

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