In 1980, Entrepreneur Magazine published its first “Franchise 500,” which purported to rank the top 500 franchises in the United States, out of a total of just over 1,000 franchise systems. Today, the International Franchise Association, the trade association for franchising, best known as the “IFA,” estimates there are more than 3,500 franchise brands in

“Your business is approaching the time when you should have a trusted advisor or advisory board of directors to keep you on track.” My business mentor told me this in my early days of working in a startup business.

The advice remains relevant today. When you approach a time when you are considering adding franchising

New franchisors often come to us with one of two directives; “write an airtight franchise agreement that I can terminate if my franchisees do not do what I want them to do,” or, at the other end of the spectrum, “we want an agreement that is short, fair and neutral.” The best agreements lie in

Long-time Larkin Hoffman client Anytime Fitness was featured in a recent Entrepreneur Magazine article discussing its international expansion strategy. When we met them about a dozen years ago, they had fewer than 100 locations. Today, Anytime Fitness and its franchisees have opened more than 4,000 locations, including more than 1,100 gyms in 30 foreign countries.