Time to leave the nest?
In discussions with Franchisors about Franchisees selling their business we often hear the following:
And many more frustrating ‘after event’ issues.
The key from the Franchisors’ prospective is all about control and process. The franchisor is ultimately responsible for protecting the brand. They are looking to manage the process of
Here are some of the things that you should consider when selling your franchise.
and many more…..
In summary, selling your franchise is a major decision and one which should not be taken lightly. When selling, remember to disclose all relevant information to the prospective purchaser and ensure all of your accounts are up to date. Whilst your business is on the market be mindful not to neglect its daily operation so that you can attract the best possible price.
In the end, though, the value of your business is only as much as someone is willing to pay for it, so choose the timing of your sale carefully to get the best possible price
For further information on ‘How do you go about selling your Franchise’ please contact Mark Fernandez at Business Development Alliance.
Author:Mark Fernandez, Directory, Business Development Alliance
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