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Perfect Time To Buy or Sell a Franchise?

Key factors are putting franchise re-sales on the rise.

With 8,000 people in the United States turning 65 everyday, there is currently a huge rise in franchise sellers. A large base of past franchise owners, consisting of over 100,000 businesses, has been nearing the retirement age and are beginning the transition into retirement. Many of these long-time owners, not having any family to take over their business, have put their franchises on the market. These franchises are solid, branded, well-established businesses located in heavily-populated areas.

A lot has happened over the past several years in America, and it has all accumulated to create this time of incredible opportunity for entrepreneurs and small business owners. Availability of funds, ageing franchise owner base and overall confidence in the improving economic climate in the US has made franchise re-sales a sure target for many savvy business buyers.

Conversely there are many retirees hitting the mandatory retirement age and leaving their long-time office jobs. However, many are not really ready to retire to a life of leisure. This wave of experienced business people have been branded as “young-minded retirees” and are looking for a small business to take on for the next ten years, and are turning to franchise ownership.

The economic storm America has weathered seems to be over, and many small, franchised businesses that survived are now available. For a motivated, savvy operator that is looking for a great deal and can turn-around a failing or break-even opportunity, a franchise re-sale is the perfect option.

Franchise re-sales can be purchased at a fraction of the cost of opening a brand new franchise, and with the national brand attached there is ample opportunity big promise of being very profitable.

Nancy Estep-Critchett

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