Franchise As A Resale Opportunity
Selling your franchise allows you to realise the value of an asset you have built, while buying an existing one as a going concern allows you to access instant cash flow. Derrick Simpson weighs the benefits of taking over an existing franchise as a resale opportunity.
Just about every magazine on franchising that one reads these days has at least one article or section on franchise resales. What makes so many people interested in buying an existing business rather than starting with a new opportunity? Why, according to research by the annual bfa/NatWest survey, are over a third of all new franchise owners that sign up with franchisors doing so through a resale opportunity?
Assuming there is an opportunity to acquire an existing business in the area you want with the franchisor in which you are interested, what would be the key reasons for and against buying a resale? Continue reading this post.
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