What is a home care franchise? A home care franchise is a business opportunity where the rights are purchased to […]
Franchise Resale Legal Advice
Whether you are buying a new franchise or an existing franchise for sale i.e. a franchise resale, it is essential that you seek legal advice from an attorney who specializes in franchising BEFORE making any commitment to buying the business.
Although the existing franchisee (the seller) has a current franchise agreement with the franchisor…the new franchisee (the buyer) will be required to sign a new franchise agreement per the franchisor. In some instances it is possible to be “assigned” the balance of the initial agreement…but is more likely if you buy a franchise resale that you will be required to sign a new current franchise agreement. Even if you do not engage a legal professional that specializes in franchising for the entire transaction, it is imperative that you have a franchise specialist review the franchise agreement. Any franchise agreement is likely locking you in for a 10 year minimum! It is worth the additional legal cost to bring in an expert; the money you spend on expert advice could be one of the best investments you make.
In this section we will look at the legal advice you need to seek when buying and selling a franchise. We cover FAQ’s regarding the Franchise Disclosure Document and franchise agreement….and why it is important that you have a franchise attorney look over both.
Recent Articles
How to Sell a Franchise: What You Need to Know
Can I sell my franchise to someone else? Yes, you can sell a franchise to someone else, but the process […]
Why a Salad Franchise is a Fruitful Financial Opportunity
Are salad franchises profitable? Salad franchises can be profitable, but success depends on various factors including location, competition, quality of […]
Home-based Franchise: 12 Options You Can Run Remotely
Can you run a franchise from home? Yes, it is possible to run a home-based franchise, depending on the nature […]
Turnkey Business for Sale: What to Know Before You Buy
Are turnkey businesses profitable? The profitability of turnkey businesses can vary depending on various factors such as the industry, market […]
In Business for Yourself.. and Totally by Yourself !
The much used statement, which screams the benefit of buying a franchise: “In Business For Yourself BUT Not By Yourself,” […]
Featured Franchisors
Featured Resales
CertaPro Resale in Hilton Head SC
Own a painting business without ever picking up a paint brush!
CertaPro Resale in Boston MA
Own a painting business without ever picking up a paint brush!
CertaPro Resale in Philadelphia
Own a painting business without ever picking up a paint brush!
Featured Resales
3 Cold Stone Creamery - MT!
High-Volume Well-Established - Billings, Great Falls & Missoula
Style Encore Alafaya Trail Orlando, FL
Women's and Men's Apparel Resale Store for Sale!
