Franchise resales franchises specialize in helping future franchisees purchase previously owned franchises and also those franchises that offer franchise resales.
Dryer Vent Wizard - Dry Clothes, Safe Homes cleans, repairs, replaces and alters dryer vents for consumer, commercial and industrial clients. In the consumer market, DVW provides an Urgent Response se ...
Assisting Hands Home Care franchisees help seniors and others with limited physical abilities stay home, living an independent life of dignity and respect. Demand is huge with 1.4 million seniors curr ...
Expedia Cruises is North America's largest retail travel agency franchise and a leading seller of cruise travel. Build equity and enjoy a great lifestyle with our proven franchise model with 35 years ...
America's Premier Kitchen Remodeling Franchise System. With a Kitchen Solvers franchise, you have the opportunity to build a rewarding and satisfying business for your future. A Great Low-Investment, ...
It isn't often that two industries just so happen to align but when they do, you want to listen. Now is your chance to capitalize on both the VENDING and the WELLNESS industry
Apricot Lane Boutique is the #1 womens fashion franchise. Empower yourself and take charge of your career by investing in this exciting, expanding industry. This is the franchise opportunity you have ...
Seva is the pioneer of the fast-casual spa, with nationwide locations that maximize one-stop-shop convenience and price points everyone can afford. We sum this up by our mantra, Beauty to the People.
The Cleanpro carpet cleaning system provides you with the latest and greatest technology in the carpet cleaning industry. Nobody, and we mean nobody, can compete with Cleanpro.
The introduction of our Storm Guard franchise opportunity could not be timelier, as the number of strong storms involving rain, high winds and hail is on the rise.
When you choose a TITLE Boxing Club Fitness Franchise, you're opening a fitness business with the experience, and the brand, of TITLE Boxing, the nation's leading boxing, kickboxing and MMA gear provi ...
iFixandRepair is your full source cellular and game console headquarters for iPhone 6 Repair, BlackBerry Bold Repair, HTC Phone Repairs, Mac Repair, Pre owned mobiles and Accessories products.
The property management industry is one of the most stable industries in the nation and continues to report solid growth. In this age of economic uncertainty All County is offering a unique opportunit ...
With thousands of buildings owners paying for green services to reduce their utility expenses in the coming years, the Energy Reduction & Conservation business will be one of the biggest wealth transf ...
For over 40 years, Decorating Den Interiors has been bringing beauty, fulfillment, and opportunity into the lives of countless families throughout the United States and Canada.
BumperDoc is your One-Stop Shop for all of your auto body, auto reconditioning and auto appearance needs! We offer high quality auto body repair, bumper repair, and paintless dent removal along with m ...
How do you start or open a tax preparation business, office, or practice? You can make good money in a short amount of time by opening a tax office and providing tax prep services. Over 98% of individ ...
At Cellairis, we protect your tech in style! What began as a single, stand-alone unit over 10 years ago is fast becoming the nations most trusted cellular accessory specialty retailer.
Options for Senior America is in the rapidly growing industry of senior care and home care services. We at Options have recognized the potential in providing home care services for the elderly and are ...
Welcome to Amada Senior Care, we are a preferred provider of non-medical companion and senior care services. We focus on serving aging and disabled adults who elect to remain in their own homes with a ...
The mosquito control industry is a high growth market, and Mosquito Joe has emerged as an industry leader with strong branding, best-in-class systems, and the ability to grow rapidly nationwide.
Are you a veteran or relative of a veteran looking for an opportunity to start your own business? We have a proven strategy that will benefit hard working and motivated entrepreneurs in the veteran co ...
We are the nation's largest drive-up, self-serve, pure drinking water company serving thousands of customers a day at over 1,300 locations across the country.
Sky Zone's patented, all-trampoline, walled playing courts and business model is just part of the innovative, turnkey package you get when you join the Sky Zone franchise program.
Since 2001, Mosquito Shield has been providing residential and commercial customers with professional mosquito and tick control services, and achieving industry-leading results
SandFree answers your customers need to refinish their floors without all the dust, mess, and disruption that a traditional sanding, staining and refinishing causes.
IKOR provides a wide range of care management services; advocacy, guardianship, care planning and coordination, financial management and routine bill payment services.
Seniors Blue Book offers entrepreneurs the opportunity to become the heart and soul of their local senior community and profit from a total integration of every conceivable senior-related business.
The Joint Chiropractic Franchise is an excellent opportunity for both business investors and chiropractors seeking to own their own business
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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!