A development area is the territory in which the area developer will locate its franchise units. You need to make sure that the franchisor gives you exclusive rights to the development area so that the franchisor cannot open company-owned units or grant a franchise to another party within your development area.
In a release on Thursday evening RadioShack announced that it has filed for bankruptcy and that it has agreed for an affiliate of hedge fund Standard General, General Wireless, to purchase between 1,500-2,400 of its U.S. stores.
Future veteran U.S. Navy Aviation Structural Mechanic 3rd Class Donald Taylor inspects a brake line on his tablet. Photo: Dept of Defense
The International Franchise Association released its 2014 Veterans in Franchising progress report for this Veterans Day. After launching its Operation Enduring Opportunity (OEO) program in January 2011, as part of its VetFran Program, the organization set the lofty goal of 80,000 veterans by 2014.