How much money can I make owning a franchise? Understanding Item 19 with Mike Drumm

Franchise Hounds

Items covered in this episode:

• What is Item 19 (Financial Performance Representation) of the Franchise Disclosure Document?
• Does Item 19 tell someone how much they can expect to make?
• Why do some franchise brands have an Item 19 and others don't?
• What to look out for in an Item 19.
• Reasons to work with a franchise attorney.

Mike Drumm
Mike is an attorney with Drumm Law and our founder. Before founding Drumm Law, Mike wore a suit and tie every day and worked at a large national law firm (he is grateful that he no longer has to wear the “lawyer costume” every day).
Mike is continually recognized as a Franchise Times magazine Legal Eagle, and 1851 Franchise Legal Player and is a designated Certified Franchise Executive by the International Franchise Association. He has also received commendation from Super Lawyers. Mike has given presentations on intellectual property, distribution and franchise law across the country.

Mike attended law school at the University of Texas and a semester at University College London (he visited 15 countries while “studying”). Mike obtained a BSBA in Business Management from the University of Missouri-Columbia.

Mentioned in This Episode:
[e-mail]
franchisehounds.com
drummlaw.com
Music: New Hero in Town by Kevin MacLeod (incompetech.com)