August 14, 2022

Brian Schnell Shares Recommendations for First-Time Franchisees With Star Tribune

In “Want to become a franchisee of a national brand? Here are the steps for Minnesotans,” corporate partner Brian Schnell spoke to Star Tribune about what first-time franchisees should know when deciding whether to pursue owning a franchise.

Schnell explained that the franchising business is not a democracy; rather, it is understood that the franchiser can dictate how things are done throughout the system. He added that the goal is to find a situation where both sides work together and have dialogue. “A good franchisee doesn’t want a vote; they want a voice,” Schnell said. “A franchise system that has franchisees with voices, that listen, that’s collaboration.”

Further, Schnell discussed studying the agreement known as a franchise disclosure document (FDD). He recommended lining up two or more FDDs side by side to get a good grasp of the differences between franchisers. Schnell also suggested talking with existing franchisees to hear about their experiences.

The full article is available for Star Tribune subscribers.

Full Article

Related Legal Services

The Faegre Baker Daniels website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Baker Daniels' cookies information for more details.