We all know that buying a franchise is a great way to start a new business. Yes it’s true that the initial cost of a franchise is generally more than any non-franchised new business. It makes sense that a franchisor would need to be rewarded, both initially and on an ongoing basis, for their training, [...]
Question: I am tired of running my restaurant franchise. How do I sell it?
Answer: Many franchisors face this same predicament. Not only are restaurant franchises resold every day, but it is very common to see all types of franchises for sale on the resale market.
The absolute first thing that you must do is to [...]
Having your own business is the American dream and, increasingly, international interest in owning a business has been building as well. There are many questions that must be answered before you consider owning a franchise or starting any business at all. Franchising is not for everyone!
The first question to ask yourself is: "Do [...]
You’ve worked hard to grow your business into a successful venture. Now you want to sell it and reap the benefits of all those years of hard work. There are many questions involved with selling a business, but the most important is: How do you find qualified buyers?
Some people say the quantity of [...]
You have been searching for various businesses for sale and now you have found that perfect business to buy. The business is represented by a reputable broker. You are comfortable with the terms, and now you wish to enter into contract and proceed with the due diligence phase. Everything you have been told by the [...]
Why should you buy a business versus starting
your own? Here are ten solid reasons:
1) The success rate for businesses purchased is much higher than the success rate for a new business startup. Just ask your accountant.
2) An established customer base means immediate cash flow! Enough said.
3) It is much easier to find capital to buy [...]
So you searched business opportunities for sale. And you bought into that claim about how you would make thousands of dollars per day without even working? You could even make money in your sleep, right? So you thought, this sounds so good, I must buy the business program or e-book. How could you lose?
Very quickly [...]
Want to buy a franchise opportunity? Great idea! Here is a high-level overview on what to look for:
Operating History - A long history of success is the #1 thing to look for. If many other franchisees have been successful over the years, your chances are probably pretty good that you will be successful too.
Location, location, [...]
You dream of owning a business and experiencing its many benefits &ndash freedom, power, wealth, and fulfillment. But you don’t want to start a business on your own. There’s too much risk and uncertainty. Plus, you don’t know what you would want to do that could be successful.
Instead, you want to find an [...]