THINGS TO KNOW WHEN BUYING A FRANCHISE FOR RESALE

Hello there,

Many aspiring entrepreneurs find buying a franchise for resale as a lucrative opportunity. However, they need to be careful about the deal and what they are getting into. The first thing they need to know is why the franchisee is putting up the franchise for sale and the second thing is conducting thorough due diligence of the unit. The buyer must look through all the financial documents to check the financial status of the franchise. They also need to identify the strengths and weaknesses of the franchisor to ensure that they will be working in a synchronous manner. Besides these, you need to check the transfer fee and total asking price. Here is an article that will explain this in detail.