It takes 10 percent of the franchisees working together.
You have thought of re-negotiating or buying your franchisor out.
Right?
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I’m going to San Bernardino ring-a-ding-ding
Milkshake mixers that’s my thing now
These guys bought a heap of my stuff
And I gotta see a good thing sure enough now
Oh my name is not Crock, that’s Kroc with a K
Like crocodile but not spelled that way now
It’s dog eat dog, rat eat rat
Kroc style… Boom! like that
Folks line up all down the street
Now I am seeing this girl devour her meat now
And then I get it Wham! as clear as day
My pulse begins to hammer then I hear a voice say:
These boys have got this down ought to be one of these in every town
These boys have got the touch It’s clean as a whistle and it don’t cost much
Wham! Bam! You don’t wait long, shake, fries, patty you’re gone
How about that friendly name, heck, every little thing ought to stay the same
Or my name is not Crock, that’s Kroc with a K
Like crocodile but not spelled that way now
It’s dog eat dog, rat eat rat
Dog eat dog, rat eat rat now
Oh it’s dog eat dog, rat eat rat
Kroc style… Boom! like that
Between the franchisee and family versus the franchisor’s and franchisee’s lawyer, franchise banker (especially predatory lending), landlords, and suppliers.
Non-disc;losure contracts make a mockery of pre-sale due diligence by prospective franchisees.
And, importantly, these non-disclosure contracts absolves the sins of the lawyers (franchisee and franchisor), franchise banker, supplier, and landlord.
As a franchisee expect 10 to 15 per cent of the value of your investment while being gagged to protect your frachisor, the lawyers and bankers.
Harvey Weinstein arrives at State Supreme Court in Manhattan, in New York, Monday, Jan. 6, 2020. Harvey Weinstein is on trial on charges of rape and sexual assault, more than two years after a torrent of women began accusing him of misconduct. (AP Photo/Richard Drew)
Weinstein’s accountants have already preserved and sheltered his wealth.
Mine is a most peaceable disposition. My wishes are: a humble cottage with a thatched roof, but a good bed, good food, the freshest milk and butter, flowers before my window, and a few fine trees before my door; and if God wants to make my happiness complete, he will grant me the joy of seeing some six or seven of my enemies hanging from those trees. Before death I shall, moved in my heart, forgive them all the wrong they did me in their lifetime. One must, it is true, forgive one’s enemies– but not before they have been hanged.