Franchise resales franchises specialize in helping future franchisees purchase previously owned franchises and also those franchises that offer franchise resales.
Krispy Krunchy specializes in putting our "Freshly Made, Perfectly Cajun " chicken concept in your c-store, grocery store, or supermarket. With over 2,400 locations in the US, join one of the fastest ...
Rosati's is a neighborhood concept that is looking for a neighborhood near you. When you own a Rosati's Pizza franchise, you'll be part of a family of highly motivated entrepreneurs.
AdvantaClean has quickly become the most trusted name in the light environmental industry. By providing a host of turn-key, professional solutions to indoor air quality and energy efficiency issues, h ...
Named a top low-cost franchise by Franchise Business Review, NPI offers a home-based, low-overhead franchise opportunity inspecting homes as well as commercial buildings for buyers, investors, sellers ...
The Precision Tune Auto Care service mix is a successful combination of car care and car cure, and our work is backed by certified technicians and a nationwide warranty.
The Groutsmith franchise is your opportunity for financial independence. With our proven system, products and support, and your effort and hard work, we have the winning formula!
Wayback Burgers is strategically poised to grow dynamically. This could be your opportunity to partner with a leader in a rapidly growing food market category.
Transworld Business Advisors is essentially three complementary businesses rolled into one: business brokerage, franchise consulting, and franchise development.
Soccer Shots offers interactive soccer programs for 3-8 year olds that are designed for 3-8 year olds to not only teach and develop strong soccer skills, but also improve coordination, attention spans ...
Ziebart International Franchise is the world's leading name in automotive services that renew, protect, and preserve cars and trucks. They are looking for passionate automotive enthusiasts who have a ...
The cell phone and mobile device repair category is exploding and Cell Phone Repair (CPR) dominates the industry. Cell Phone Repair (CPR) provides on-premises repair of cell phones, iPads, game system ...
The Grout Medic, in response to exploding customer demand, was founded under the commitment that our company could provide customers a viable, long term, cost effective, alternative to replacing tile ...
A business opportunity that is built on the established *$60 Billion printing industry. This graphics communications opportunity consists of print, mail, graphic design, web, social media, e marketing ...
First Choice Business Brokers match buyers and sellers of small to medium sized businesses and assist with the transaction. FCBB is an industry leader, with operating methods and procedures that are s ...
For over 30 years, Liberty has been helping people realize their dreams to become Dollar Store owners. With over 200 combined years of experience and a complete training program, we give you the best ...
Welcome to Senior Care Authority. In addition to the Online Training Program taught by industry professionals,franchisees continue with a one-on-one Coaching Program for 3 months as their businesses b ...
ARCpoint is a full service third party provider and testing facility, with affordable Drug, Alcohol, DNA, Steroid, Background Screening and Corporate Wellness Programs.
If you are interested in owning a recession resistant business that comes with tried and tested processes, advanced systems, and expert training and support, PMI may be the perfect franchise for you!
Welcome to Kilwins Chocolates Franchise, Inc., where people celebrate, vacation and share the experience of life, family and gift-giving in a very special nostalgic Americana setting.
If you're looking for a profitable, turn-key operation that includes training, corporate systems, supplies, and support, a Medi-Weightloss Clinics Franchise may be a perfect fit for you!
NUTRISHOP offers top-quality nutritional supplements and services at guaranteed low prices to help people like you live a fit, happy and healthy lifestyle. Build a sports nutrition franchise with a di ...
What kind of person is right for this digital billboard network opportunity? You are! You dont need a tech or marketing background to be successful in this industry. You do, however, have to be motiva ...
Apple Spice Junction is the ultimate in quality, quick service food franchises offering several different profit sources including new and innovative opportunities in bakery goods, delicatessen, food ...
Cheeburger Cheeburger Express is a totally unique concept in the restaurant industry. Because it takes famous Cheeburger quality, freshness, choice and fun and brings it to venues where speed of servi ...
Comet Cleaners is a dry cleaning industry leader in America. Dry cleaning is a multi-billion dollar industry. It offers a high margin while requiring minimal employees.
Cookie Advantage is a tasty way to say Thank You, Happy Birthday or Merry Christmas. You name the occasion and we'll send the cookies.
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Are you interested in owning a business but unsure of whether you should purchase an independent business, a brand new franchise, or an existing franchise for sale? When you know that you’re ready to take the plunge into franchise ownership, consider the most important reasons why buying an existing franchise business for sale may be the best option for you!
What is a franchising? Simply put, it’s when a business allows you to use everything that comes with their brand as well as their business model. Franchising is immensely popular throughout the world, & especially in the U.S.. One out of every twelves businesses in the U.S. is a franchise – that’s an incredible amount of franchisee opportunities, considering that there are over 30 million businesses in operation. Let’s take a look at some of the best reasons to buy a franchise resale business.
For starters, the U.S. is one of the hotshots in the today’s franchise world, as it has been for nearly 90 years. There are nearly 746,000 franchises established here in the states. Some top franchises to own include fast food restaurants, health & fitness gyms, learning centers for children, & cleaning franchises. If you’re considering buying a franchise resale business, are 5 reasons to purchase an existing franchise .
Reason 1 – Staffing
One of the hardest aspects of starting a new business is hiring, training, & keeping a talented staff. When you purchase a franchise resale business, you are getting a seasoned staff that know the ins & outs of the business they are working in. If you are new to business ownership, this experienced staff can be a very valuable tool for you in regards to bringing you up to speed on how things flow on a daily basis, as well as getting you acquainted with the people who will now be your very own regular customers.
Reason 2 – Training
When you sign on to purchase a franchise resale business, you’re going to receive a tremendous amount of training & knowledge from the franchisor’s corporate training program. After your corporate training, commonly known as Discovery Day, you’ll be placed in your store/business to train one-on-one with not only your new staff, but the previous owner/manager. When you build a brand new business, or become a new franchisee owner, you won’t get this kind knowledge, because it just doesn’t exist!
Reason 3 – Immediate Earnings
The primary reason anyone goes into business ownership is obvious – to make money. The faster money is made, the happier the business owner is. With that being said, new franchisees can wait up to a year, & in some cases even longer, until their store/business starts to build, earn & retain customers. When you purchase a franchise resale business you have immediate cash flow, not to mention past years profit & loss statements so that you can project what your income & expenses will be.
Reason 4 – Proven Location
When you decide to purchase a franchise resale business, you take all of the guesswork out of choosing a location or territory. All of the research has been done. No need of reviewing things like demographics & the amount of traffic you will receive. This work was already done by the franchisor before opening the business & deciding on the location. However, you will still need to review the current owner’s financials as well as information on what changes are projected for the area the franchise is located in. You don’t want to save all of this legwork only to come into a franchise that is losing money in an area that people are leaving from in droves!
Reason 5 – Reduced Costs
Most franchisors won’t require you to pay a new franchise fee, but will charge a transfer fee that you or the seller will need to pay. The transfer fee is usually less than the franchise fee, but still be a substantial amount of money. The transfer fee will be presented to you pretty early on in the qualification process, so it won’t pop up later in the chain of events & disqualify you from the purchase. If the seller has agreed to pay the transfer fee, you can expect it to be tacked onto the purchase price of the franchise. Keep in mind, however, that when purchasing a franchise resale business, the purchase price & terms can often be negotiated.
Some franchisors will transfer the franchise agreement terms over to you when you become the new franchisee. This means that if the original franchisee had agreement terms of 10 years & fulfilled 7 of them before selling, you will take over the 3 remaining years of the terms as they stand, & after 3 years you will sign a new agreement with the franchisor. At this time you can also expect to pay the renewal fee. It is very uncommon for a franchisor to not honor the original franchise terms & make the new owner sign an up-to-date agreement.
Purchasing an existing franchise business for sale is a great way to get into the business ownership. Check out our listings for franchises available for resale today!