Purchase an Existing Franchise in an Established Location
While many think of starting a business from the ground up when purchasing a franchise, resale opportunities provide entrepreneurs with the ability to purchase an already established business. The one key advantage of a franchise resale is that you’re purchasing an existing and established business, thereby avoiding the startup phase—often the most difficult period. If the sale is an attractive offer, you’ll likely assume the existing customer base, positive cash flow, and possibly even the staff.
Exploring Franchise Resales
The many benefits of buying a franchise resale include:
SUPPORT
The existing owner may be available to walk you through the many facets of the operation; from systems and processes to vendors and reputation management.
HEAD START
A franchise resale opportunity is a business that is already in operation; you don’t have to start from nothing.
LOCATION
If the business requires a retail location, it already exists. Avoid the wait for real estate to be secured and built.
EMPLOYEES
Inheriting trained employees can help you be more successful by saving you time & money, rather than procuring a new staff from scratch.
DATABASE
A database of customers already exists; you don’t have to wait for your first customer.
RECOGNITION
Brand recognition in the local marketplace is already established.
CASH FLOW
The business has a history of cash flow and expenses which will allow for better forecasting.
FINANCING
Financing may be easier to secure with a history of business (from the seller or lending institutions).
About FranNet’s Resale Process
Franchise resales are nothing new to FranNet Consultants. FranNet Consultants help save you time and money in several ways:
EDUCATE
We educate you about franchising by providing the resources and guidance necessary to maximize your odds of success.
RESEARCH
We support you throughout the research phase as you weigh what business is right for you.
IDENTIFY
We help you identify the right structure and strategic mix of the business you are interested in.
INTRODUCE
We introduce you to the franchisors that fit your model and are in the area you live and work.
Let us help you navigate a course for business ownership through franchising—whether new or previously owned!