A good franchise becomes an appreciating asset and from time to time for many varied reasons franchisees decide to sell their franchise outlet. We believe that franchise re-sales can provide a double edged business advantage.

The Advantages

A Little Care

As with all other business purchases there are still a number of areas that you will need to be careful of. Some points that you may care to consider are:

	Most franchise contracts do not allow the franchisee to sell his franchise unless the purchaser is acceptable to them. Do not spend any money until you establish that you would be acceptable to the franchisor.
	Try and establish why the Franchisee is selling, only proceed if you feel that there are genuine reasons
	If you are taking on equipment make sure that it is in good condition and that it has not been upgraded by new equipment that is a dramatic improvement.
	If you are taking on staff check for any contractual liabilities that you are taking on.
	Establish whether you are being expected to take on any business liabilities
	Check the reputation of the business in the area i.e if you are paying a premium for the business ensure that it has a good reputation
	Your most important business relationship will still be with your franchisor, make sure you understand the role and that you will be able to follow the system that the franchisor has laid down.
	Make sure that the price that you are paying includes full training from the Franchisor and his team.

 

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