Senator Catherine Cortez Masto (NV) has once again supported protections for franchisees by sending a letter to the Federal Trade Commission expressing her concerns with disclosure and franchisor behavior in light of the Covid-19 pandemic. The press release and letter can be found here.
Senator Cortez Masto Introduces SBA Franchise Loan Transparency Act
Today, July 31, 2019, Senator Cortez Masto (NV) introduced S.2383, The Small Business Administration Franchise Loan Transparency Act of 2019. MFOA would like to personally thank the Senator and her staff for their efforts to protect franchisee interests. You can read her press release here. For Keith Miller’s testimony in advance of this legislation being […]
What Does It Really Mean to Be Named a ‘Top Franchise’?
Blue MauMau – by Jeffrey M. Goldstein, November 12th, 2018 Franchisors love rankings. Visit any well-known franchisor’s website, and you are bound to see a laundry list of rankings purporting to provide third-party validation of the franchisor’s superiority in its niche, if not in the franchise industry as a whole. Similarly, a Google search for […]
Free MFOA Membership to all Maine Franchise Owners
Yes, it’s true. The Maine Franchise Owners Association (MFOA) is offering FREE* membership to all franchise owners in Maine. Why join MFOA? The Maine Franchise Owners Association (MFOA) is an independent organization of Franchise Owners in the State of Maine. It is a multi-brand and multi-industry association that is committed to helping franchise owners grow […]
DOL Exempts Franchisees from Joint-Employer in Healthcare Plans
Blue MauMau – by Janet Sparks, August 27th, 2018 Among other safeguards, the Department of Labor (DOL) has now issued a ruling that small business owners and franchisees who ban together to form groups under the Association Health Plan to provide low-cost healthcare to their employees will be exempt from joint-employer liability. Continue reading on […]
Franchisees, Is Your Operations Manual Changing Your Franchise Agreement?
As franchise owners, we all sign franchise agreements that set the terms and conditions of our business, and the relationship with our franchisor. Most of those franchise agreements contain a condition that you will follow the then current Operations Manual. While it is understandable that the Ops Manual must change, a new sandwich is introduced, […]
Making small-business owners’ concerns heard in the political process
Franchise owners are small business owners and they can have a big political impact, which is our experience in Maine. Franchise owners in Maine will continue to have the opportunity to educate their lawmakers, which we have learned do not know much about franchising, but we have shown them the importance of franchisees in Maine, to invest and create […]
Maine Franchise Owners Lobster Bake for Camp Ketcha Raises over $3000.00
The Maine Franchise Owners Association held a “Lobster Bake” fundraiser for Camp Ketcha on Friday October 17th. The event raised over $3,000 net dollars for Camp Ketcha. Camp Ketcha is a year-round non-profit organization serving the southern Maine community with programs in child development, family enrichment and summer day camping. Camp Ketcha has 107 acres […]
Forbes Magazine Rates Ground Round as the 10th Worst Franchise to invest in
Forbes magazine rated the best and worst franchises to invest in. Forbes Magazine rated Ground Round based in Maine as the 10th worst franchise with a negative 9% growth rate. Here are the numbers Forbes represented: Serves up lunch, dinner and drinks; founded by Howard Johnson’s in 1969. Average Initial Investment: $1,672,500 Initial Training Hours: […]
Re/Max Raises Dues for Agents, and Franchisees
Move bolsters the franchisor’s 2 largest revenue streams On Jan. 1, Re/Max increased the annual dues its agents in the U.S. and Canada pay to affiliate with the brand and the monthly per-agent fees affiliated brokerages in U.S. company-owned master franchise regions pay the franchisor. After holding steady at $390 for 2011 through 2013, Re/Max […]