On September 24, 2024, Governor Gavin Newsom signed Senate Bill 919 (“SB 919”), amending California’s Franchise Investment Law (“FIL”) to regulate franchise brokers and franchise sales organizations.

The SBA’s new SOP shifts more responsibility to lenders and requires stricter documentation on equity, collateral and eligibility. Franchisors must be listed in the SBA Franchise Directory by July 31, ...

A potential franchise owner is the only new variable entering the equation, and companies want to make sure franchisees are fiscally secure enough to handle the early-on investments and day-in and day ...

The cost of buying into a franchise includes various components such as the upfront franchise fee, start-up costs for equipment and premises fit-out, inventory, and ongoing fees. Prospective ...