Last Updated: 21-January-2014
I want to buy a fast food franchise resale. I’m not in a position to buy the likes of a McDonald's
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.