There are a few considerations to be aware of when looking at franchises that have already been launched. Sooner or later every franchise will become available for resale as an ongoing concern.
So, to start with establish what its status is. Is it an ongoing concern or a restart situation? An ongoing concern is still trading and actively open for business. A restart is one that has stopped trading and needs someone to pick it back up again.
Franchise Resales become available for lots of reasons. Sometimes the original franchisee has simply had enough and wants a change, this is quite common. Sometimes they have got it to the point where it is valuable and it’s tempting to cash it in. Occasionally owners want to retire. Sometimes the franchise is for sale due to dissatisfaction of the business itself or the franchisor. Former friends and partners don’t always get on in business and a relationship issue might be the cause of the resale. You have to find out why the franchise is for sale and satisfy yourself!
For now take a look at this selection of franchise resales in the nearest region to where you want to work, and to get priority early details of any new ones coming along don’t forget to join our VIP list!