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Resales and a normal and natural part of a Franchise Brand's Growth! In the United States today, there are over 750,000 franchise establishments.
With the average rate of annual resales at 11%, that means there will be over 80,000 franchise resales in the coming year!
Each year well established and growing franchise companies are faced with the fact that approximately one out of every 10 franchisees may be seeking an exit strategy from their franchised business.
In the United States today, there are over 750,000 franchise establishments. With the average rate of annual resales at 11%, that means there will be over 80,000 franchise resales in the coming year!
Each year well established and growing franchise companies are faced with the fact that approximately one out of every 10 franchisees may be seeking an exit strategy from their franchised business. There is a wide gamut of reasons for a franchisee to sell their business....ranging from retirement to health and family reasons to a desire for a career change.
So for the savvy entrepreneurs, these opportunities not only offer the built-in benefits, such as brand-name recognition and proven formulas upon which to build success because they are part of a franchise system.... they have the added advantage of acquiring an established location or "going concern" which often offers immediate cash flow or the option of getting in for much less than a brand new locations if it is a turnaround opportunity.
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