Buying a franchise is a significant investment with unique legal complexities. Our Chicago franchise acquisition lawyers guide buyers through FDD review, franchise agreement negotiation, and franchisor consent for franchise purchases across Finance, Manufacturing, Technology, bringing 15+ years of transaction experience and Managing Partner involvement to every engagement.
Our managing partner provides selective franchise acquisition law counsel to clients in Chicago and nationwide, including:
We engage selectively with capitalized founders and investors in Chicago and nationwide:
Chicago is the Midwest's M&A powerhouse, with deep deal activity in manufacturing, food & beverage, financial services, and healthcare. The city's central location and transportation infrastructure make it a hub for logistics and distribution company acquisitions. Chicago's robust private equity community - including firms like GTCR, Madison Dearborn, and Duchossois Capital - drives significant lower middle-market deal flow.
Chicago offers a balanced deal market with strong fundamentals - valuations are more reasonable than coastal markets while target quality remains high. The region's manufacturing base creates consistent opportunities for PE-backed platform builds.
The Chicago metro area's diversified economy and central location make it ideal for platform acquisitions with national expansion potential. The region's deep talent pool in engineering, finance, and operations supports post-acquisition growth.
Illinois enacted strict non-compete reform in 2022 - agreements are unenforceable for employees earning under $75,000 (increasing annually), and employers must advise employees to consult counsel before signing, affecting how buyers retain key personnel post-acquisition.
We bring sophisticated securities law expertise to Chicago's diverse business landscape, serving both established corporations and growth-stage companies.
A structured, methodical approach to franchise acquisition law
We review the Franchise Disclosure Document, identifying key risks in the franchise agreement, financial performance data, litigation history, and franchisee obligations before you commit.
While many franchise terms are standardized, certain provisions are negotiable. We identify where you have leverage and negotiate terms that protect your investment and operating flexibility.
Managing Partner Alex Lubyansky handles the purchase agreement, assignment documents, and all ancillary agreements required to transfer the franchise to you.
We coordinate with the franchisor to secure transfer approval, manage training requirements, and ensure all conditions for consent are met on schedule.
We manage the closing process across all parties, including franchisor, seller, lender, and landlord, ensuring every consent and condition is satisfied for a clean transfer.
"Franchise acquisitions look simpler than independent business purchases, but the FDD creates a web of obligations that most buyers don't fully understand until they're locked in. The franchise agreement is not negotiable in most cases. Your leverage is in understanding exactly what you're agreeing to before you sign."
Restricted by salary threshold ($75,000+). Mandatory 14-day review period.
Entity mergers and conversions are filed with the Illinois Secretary of State, Business Services Department. Bulk asset purchases require notification to the Department of Revenue and obtaining Form ST-4 clearance. The Illinois Securities Department may need to be notified for certain stock transactions.
Submit your transaction details for a preliminary assessment by our managing partner.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Common questions from Chicago clients
Submit your transaction details for a preliminary assessment by our managing partner
Submit Transaction DetailsIn-depth guides to help you prepare for your transaction
What buyers should look for in a Franchise Disclosure Document.
Read guideUnderstanding the binding and non-binding elements of each document.
Read guideA structured approach to legal, financial, and operational due diligence.
Read guideCommon deal-killers and how experienced counsel helps prevent them.
Read guideOur managing partner provides selective franchise acquisition law counsel for transactions nationwide. Submit your transaction details for a preliminary assessment.
Submit transaction details for review. We engage selectively with capitalized buyers and sellers.
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Selective M&A practice - Nationwide reach - Managing partner on every deal