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Selling a franchise  

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tella
(@tella)
Trusted Member Registered

Does anyone know the best place to sell an existing franchise? My brother in law has a fresh fast food restaraunt that he wants to sell and I did not know the best place to advertise the business for sale.

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Posted : 01/07/2007 11:51 am
Courier
(@Courier)
Trusted Member Registered

Re: Selling a franchise

Most franchises have rules about selling your franchise i.e. cant advertise the name of the franchise, you must give the franchisor the right of first refusal etc. I would check the UFOC for specifics but I would go to the franchisor first

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Posted : 03/07/2007 11:30 am
Triton
(@Triton)
Estimable Member Registered

Re: Selling a franchise

Some Franchisors help you sell the franchises but I think your best bet as the previous post explained is to put it up for sale online or if you do not feel comfortable dealing with potential buyers - find a business broker.

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Posted : 06/07/2007 1:13 pm
Courier
(@Courier)
Trusted Member Registered

Re: Selling a franchise

Business brokers get up to 10% of the purchase price and in my experience they provide little value I would try to sell it yourself and use escrow.com or some other similar service to protect your investment.

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Posted : 15/07/2007 1:08 pm
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