World's Largest Online Franchise Expo, 15th-30th Oct 2020 - Register FREE Now!
For nearly 30 years, our expos have drawn thousands of people from the United States and around the world to meet with leading franchise brands. Now these life-changing events are available to you online! Register for FREE, click here!
Chantelle Harder, the owner of two Winmark brand stores – Once Upon A Child® and Plato’s Closet® – in Winnipeg, Manitoba and co-owner of two Plato’s Closet stores in Calgary, Alberta has experienced success beyond her bottom line by giving back to her home community of Winnipeg without seeking anything in return.
Are re-sale numbers a good way of judging any franchise operation?
Q I am interested in buying a franchise. Thought about a fresh startup and then considered a re-sale. I have been looking at how many re-sales a franchise has at any one time as a guide to how good that franchise operation is in general. Is this fair?
A Most mature franchisors can expect to have around 7-10% of their network for sale at any one time. All franchisees have a life cycle with the typical time to sell being 7 years for a smaller operation to 15 years for larger ones – it all really depends on what is involved. Newer franchise networks have very few available as they are still in the early growth stages. However with longer established and mature systems it is not at all a negative sign reflecting the quality of the franchise to see locations changing ownership. Basically nearly everyone who buys a franchise will at some point want to sell it.
Buying an existing franchise for sale can be the right choice
This can be a good option if you find the thought of building up a new location from scratch a little bit daunting and not quick enough.
There are also other advantages to get into business for yourself by buying an existing location. You can benefit from:
The decision to sell a business is one of the most important choices anyone will ever have to make and for many franchisees it will be uncharted territory. Having invested a considerable amount of time and effort in building the business, its sale probably holds the key to a comfortable and secure future. But many franchisees find that it can be quite stressful, so to help minimise pressure, planning for the sale should start well in advance of the time you actually intend to exit.
The Franchise REsales Wall is a highly effective and innovative way to market established franchise businesses for sale.
With over 50% of franchise business buyers interested in considering a franchise REsale as a preferred option, the innovative Franchise REsales Wall is a very popular starting point at the MFV franchise Exhibitions.
About Franchise REsales
Offering very distinct service to owners of franchises for sale
We are a full service resales company.
Franchise Resales LLC offers a variety of options to the franchisee that is ready to sell or to the franchisor that is
seeking an additional resource for buyers for their resales.
With several years of experience solely focused on franchise resales...we have created a menu of services that will accommodate any sized transaction.
Contact us today to find out how we can help you sell your franchise resale! We will work with you through the entire process!