iSnare.com - Free Content Articles Directory
Authors Contents [Advanced Search][Add OpenSearch][Job Search]
Distribute your articles to thousands of article sites for only $2 and below! Read more...

Index  Business
 

Sell Your Franchise Business & Achieve the Best Price

 
[ Contact the Author] [ Send to a Friend] [ Article Publisher] [Make PDF] [ Print] [ Bookmark & Share]
 
Read our Terms of Service before reprinting this article. The submitter specified above has claimed the rights to this article.
Naz Daud

Selling a franchise business is no longer as difficult as it used to be. More people nowadays are aware of the franchise concept and therefore to find a buyer, is easy, if your business is already profitable.

When you initially bought your franchise, you had to sign a contract. This franchise agreement laid down guidelines and procedures for running your business as well as all the obligations that you and the franchisor have to each other. It should also have clear instructions as to how you can sell your business when you are ready to move on.

Often, the franchisor will have a clause allowing them to buy you out at the same price as the highest bid. This clause is there to protect them if they feel that you are willing to sell the business for a very low price and less than the true value.

Every year, thousand of franchises are bought and sold on the internet. There are dedicated websites set up just purely to help with the sale of a successful franchise. They can aid you with your exit strategy and give you further advice. It is relatively inexpensive to advertise your business for sale on the net. This method for selling your business will also ensure that local people are not aware that your business is for sale.

Try and be discreet as possible so as not to damage your franchise business whilst it is up for sale. Staff moral can plummet very quickly if they feel that their long term prospects might be weakened. You could also lose customer loyalty whilst your suppliers could become more cautious if they believe that you are no longer committed to the future of the business.

How does one go about determining the asking price for their franchise? The valuation of your business is done almost the same way as for any normal business for sale. If you choose to appoint a valuation expert, he (or she) will examine your business for future profitability and suggest the best price he believes you will be able to achieve for a sale within your required time frame.

However, other areas that could impact on your valuation include numbers of clients, overheads and the state of your premises. The expert will also examine how well trained your staff are and how the business will cope with a new leader at the helm.

At the end of the day, most of the valuation will be based on future growth potential and profitability of the business. However, there are some simple exercises you can take to maximize the price achieved:

Make sure you examine all your costs and weed out and remove any that are unnecessary prior to advertising the business. Tidy up your premises taking especial care of the entrances and exits. Have all your accounts well prepared and brought up to date. Make sure that all your staff are well trained, smartly dressed and on their best behavior when any potential buyer comes for a visit.

Every business needs an exit plan. What is yours?

Important NoticeDISCLAIMER: All information, content, and data in this article are sole opinions and/or findings of the individual user or organization that registered and submitted this article at Isnare.com without any fee. The article is strictly for educational or entertainment purposes only and should not be used in any way, implemented or applied without consultation from a professional. We at Isnare.com do not, in anyway, contribute or include our own findings, facts and opinions in any articles presented in this site. Publishing this article does not constitute Isnare.com's support or sponsorship for this article. Isnare.com is an article publishing service. Please read our Terms of Service for more information.

Article Tags: business [See Dictionary], franchise [See Dictionary], price [See Dictionary]
Got a question about this article? Ask the community!
Article published on October 08, 2009 at Isnare.com
 
Rate this article:

Working From Home Guidelines
Submitted by: Naz Daud

More and more people are looking to leave their office jobs and are instead setting their sights on working within the comforts of their own home...

Home Based Business Guidelines
Submitted by: Naz Daud

Thinking of starting your own home business If so, you’re not alone – more and more people are heading down the path of operating a business of their own out of their homes...

Running a Business and Family From Home
Submitted by: Naz Daud

Setting up a successful home based business is not for the faint hearted There are many factors that go into such a feat, all of which need to be seriously addressed and considered in full before embarking on any new venture...

Why Use a Franchise Consultant?
Submitted by: Naz Daud

Franchise consultants assist businesses that are ready to explore franchising as a means of growing their presence and market share...

Home Business Ideas That Work
Submitted by: Naz Daud

You have made up your mind that you want to work from home You have already started investigating all the home business ideas that are out there on the internet...

Why Franchisors Love Women Franchise Owners
Submitted by: Naz Daud

Many franchises are now actively seeking women to operate their business model They realise that women have special talents that make them ideal potential franchisees...

Evaluating a Franchise Training Programme
Submitted by: Naz Daud

A franchise is only as good as its training programme The main purpose of buying a franchise rather than going solo and starting on your own is that you get taught how to operate the business model...

Finding the Ideal Business Premises
Submitted by: Naz Daud

In business, finding the ideal location for your business premises is often one of the main factors contributing to the success or failure of your new venture...

Creating a Perfect Business Plan
Submitted by: Naz Daud

A business plan is essential if you want to be a successful entrepreneur It lays down clearly what your business is all about, the products and services it provides, the profit margins, pricing plans and the type of customers you are seeking...

Raising Funds For a Franchise Business
Submitted by: Naz Daud

You love the idea of buying a franchise business You already know the benefits of a franchise versus starting a business on your own...

Buying or Selling a Business
Submitted by: Naz Daud

Are you searching for a business that is up for sale Perhaps you are looking to buy a business, but are unsure about the best way to do this...

Internet Home Business Opportunities
Submitted by: Naz Daud

Wanting to start an internet business working from home Are you searching for ideas that will work and make you money online...

Franchise Costs, Fees and Other Charges
Submitted by: Naz Daud

To start a franchise, you have standard initial costs and further ongoing costs You need to pay first the set up fee...

Small Business Perils of Banner Advertising
Submitted by: Naz Daud

Despite what you might sometimes hear, banner advertising is still very successful for many small businesses, but only if carried out in the right way...

Franchisee Questions Prior to Buying a Franchise
Submitted by: Naz Daud

You have finally decided that the time is right to buy a franchise business You have already researched the pros and cons of buying a franchise versus starting your own business...

5 Hairdresser Business Strategies For Success
Submitted by: Bill Slater

In our lives and for sure when our business has such a huge consequence on our lives, (eating 3 squares a day, so on and so forth) we need to continue to look at the very basic elements that makes up a successful hairdresser business...

Reel in Your Identity With Badge Reels
Submitted by: Jeff McRitchie

Badge reels are a popular way to display ID cards, badges, and proximity cards If you don't know what a badge reel is, it is an item that attaches to an individual's clothing so that the person can wear his/her ID...

Network Marketing and Mary Kay Cosmetics Review
Submitted by: Tammy Morton

There are many reasons why you might be interested in a Mary Kay Cosmetics Review If you are planning to be a part of a network marketing business, and Mary Kay Cosmetics is on your checklist, you might want to check out with this business...

Moxxor Mlm Review - Is This a Good Opportunity For You?
Submitted by: Tammy Morton

There are various significant points that you will come to see through this Moxxor MLM Review There are many different MLM marketing opportunities all over the country today...

MonaVie MLM Review - A Fairly New Opportunity
Submitted by: Tammy Morton

This MonaVie MLM Review has been written to let you know more about this business and what it has in store for the people who are venturing in joining up with it...

PartyLite Gifts MLM Review
Submitted by: Tammy Morton

If you are looking to learn more about PartyLite Gifts, this PartyLite Gifts MLM Review may be a great resource for you to go through...

How to Make Money Online Painlessly
Submitted by: Seomul Evans

There are times when we fall into financial crunches and we need to fulfill our daily expenses urgently...

Customer Trust and Your Financial Management
Submitted by: Miata Edoga

I’m sure you’ll agree with me when I say that the image of business has taken a pretty significant hit in the last couple of years...

How to Start an Internet Business Painlessly
Submitted by: Moe Tamani

Affiliate programs offer the best way to start an internet business quickly, easily, free and with full online support...

How Can a Mom Stay and Work From Home?
Submitted by: Moe Tamani

For most stay at home moms, finding a work at home job is a matter of economic necessity The choice used to be between being a full-time stay at home mom with daddy as the sole breadwinner and being a stay at home mom who worked at home to earn some extra cash...

Is it True That we Can Make Easy Money on Online?
Submitted by: Seomul Evans

Many people ask the question, is it actually easy to make money online For many who have bought into this idea, this is the very same myth that has allowed so many people bankrupted...

How to Ensure Your Are Safe Investing in Forex Trading?
Submitted by: Seomul Evans

1) Should I invest in FOREX...

Tips on Finding Independent Forex Software Reviews
Submitted by: Seomul Evans

If you are interested in currency trading as a beginner then you must begin by looking at few practice software...

How Does an Online Forex Broker Work?
Submitted by: Seomul Evans

Before you begin trading in the FOREX markets you will need to set up an account with what is called a Forex Broker...

Way to Build a Great Income Stream From Forex Trading?
Submitted by: Seomul Evans

In many parts of the world today, the hype about forex trading gets on big time Many adverts are being shown in various media, which attempt to convince people that the forex market is the famed 'El Dorado', where huge amounts of wealth can be made...

Isnare.com Footer Divider

© 2004-2009. Isnare Free Articles - An Isnare Online Technologies Free Articles Project. All Rights Reserved.   Privacy Policy