Can I sell my franchise to someone else? Yes, you can sell a franchise to someone else, but the process […]
Is 'Finance By Owner' An Option with Resales?
Although I’m not in a position to buy the likes of a McDonalds or Taco Bell franchise resale, I do have over 10 years in fast food General Manager for a KFC franchise and decent credit. I will never be able to borrow the amount I need to open a new fast food franchise. Do franchisees that are selling their restaurants ever “finance by owner”?
In my experience I have had sellers finance part of the purchase price. Each situation is different. If you have the experience and bring the proper operating capital, as well as a substantial down payment, I think you are off to a great start. Get with a broker that will assist you in seeking out an ideally suited option.
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