Selling an existing franchised business is much like selling any other business with these differences:
- Franchised businesses have some intangible value because of the franchise itself
- Franchised businesses sometimes bring a higher multiple in pricing
- Successful franchised business owners have the advantage of attracting both cash-flow buyers and new franchise prospects.
There are many complex steps in selling your franchised business. Venture Opportunities’ professional can walk you through the process so you can concentrate on running your business.
- Exclusive Listing Agreement
- Proper Documentation
- Valuation and Pricing
- Completion of Professional Marketing Package
- Finding the Right Match for Your Business (business owners, downsized executives, franchise prospects)
- Assessing the Qualifications of Buyer Prospects (which ones match your Franchisor’s profile)
- Educating prospects about the franchise industry & process
- Coaching prospects through the research and due diligence process
- Purchase Agreement
- Negotiations
- Acceptance of Purchase Agreement
- Financing Assistance for the Buyer
- Franchisor Approval
- Lease Assignments
- Closing
