Entrepreneurs need their own team to navigate the sales process.
posted by: Lauren Altschuler
Apr 30, 2019 7:41:59 AM
While perusing your favorite businesses for sale web site, you’ll probably run across several franchise re-sales. Could a franchise re-sale be in your future? Following are questions to ask yourself and your advisor when considering a franchise re-sale:
Franchise Re-sale Buying Process
The buying processes for franchise re-sales are similar to most non-franchise business purchases with the addition of the franchise details of discovery, regulated Franchise Disclosure Documentation and mandated review times, approval process, financing, franchise agreements, training, and actual franchise transfer process. These can add a little extra time between offer to closing, but usually don’t preclude these purchases with advanced planning.
If you would like a more in depth look at franchises, have questions about the franchise re-sale buying process, or have found a franchise re-sale that strikes your fancy, give us a call. We would love to help you through the process.