Login Register

Buying an Existing Franchise Appeals to Majority of Franchise Candidates

Starting a business from scratch isn’t for everyone. It requires finding a location, building a unit, buying equipment, hiring employees, placing advertisements, identifying suppliers, and ultimately attracting customers. And then there’s the major concern: Not running out of money before the business catches on and turns a profit.

For many franchise buyers, including the majority of buyers who attended last June’s International Franchise Expo in New York City, there’s a better way to own a business: Buy an existing franchise!

64% of people who attended the 2015 International Franchise Expo expressed a desire to buy an existing franchise as opposed to starting a franchise from scratch. 

People often get the idea that the only way to own a franchise is to start one from scratch, but nowadays, thousands of existing, successful franchises, including name brand businesses, are for sale. Why are they for sale? For the same reason that thousands of non-franchised businesses are for sale. Owners decide to sell to retire, to raise money to buy another business, to downsize a portfolio of businesses, etc.

Why are these franchises for sale? For the same reasons that thousands of non-franchised businesses are for sale. Owners decide to sell to retire, to raise money to buy another business, to downsize a portfolio of businesses, etc. Almost everyone who buys a franchise wants to sell it at some point! And if the business is successful, the selling franchisee stands to gain a sizable profit!

If franchising makes sense for you, but you’ve been concerned about the start-up phase of a new business, consider buying an existing franchise! Through due diligence and the traditional franchise disclosure process you will be able to identify existing franchises that suit your needs and meet your financial requirements.

 

By Dr. John P. Hayes

HowToBuyAFranchise.com

 

Recent Articles

Buying a Marketing Franchise

Marketing is essential for organizations across the world to grow.  According to Franchise Direct, the United States has the largest […]

Financial Franchises: What to Know Before You Buy

Financial franchises offer services within the financial service industry.  Financial franchise opportunities range from small business financing to tax preparation, […]

California Businesses: What to Know Before Investing in the Golden State

Investing in a business requires a lot of soul searching, whether it's already established or a new business.  You’ll want to […]

6 Food Businesses That Make Great Investments

Opening a food business, whether it is a restaurant, café, or a fast-food place is a lifetime dream of many […]

Beauty Franchises

Like shades of hair color and nail polish, there are many choices when it comes to selecting and investing in […]

Owning a UPS Store Franchise: Pros & Cons

Do you value freedom and flexibility over being supervised?  Is the thought of being your own boss appealing to you?  […]

Featured Franchisors

Featured Franchisors

Featured  Resales

Pure Barre Resale in Manalapan NJ
Great Opportunity in Top Market. Will Not Last Long!
7-Eleven - East Northport, NY
7-Eleven franchise for sale in East Northport, New York
Young Chef's Academy - Fort Worth, TX
Established Franchise at a GREAT PRICE
Pure Barre Resale in University Place WA
Amazing Resale in Top Market. Will Not Last Long!
Once Upon A Child E. Washington St. IN.
Profitable location!
THRIVING MULTI-UNIT ECO BIZ: Scaling up!
Cash flow day one! Prime Market!

Featured Resales