Chain Restaurants Gobble Up Refranchising Opportunities
By Natalie Rodriguez
Law360, New York (October 31, 2013, 6:37 PM EDT) -- With the outlook for the restaurant industry improving, chains are aggressively unloading their properties to franchisees in an effort to rake in new revenue and escape certain management responsibilities. But for these franchising deals to go smoothly, there are some key financial details to lay out early in negotiations, experts say.
Refranchising programs have been gaining momentum in recent months, with funds flowing a bit more freely from lenders and to potential franchisees, some experts say. But for these deals, which often involve small portfolios, to...