Buy an Existing Franchise, sell a Franchised Business or become a Franchisor

As an existing franchisee you may perhaps be thinking of moving on and as the end of your franchise agreement period draws in, you have begun negotiations with your franchisor to hand over the reins to a new franchisee. Business transfers are not the easiest transactions at the best of times, and transferring ownership of a franchised business has the added factor that the incoming franchisee not only has to negotiate the purchase with the exiting franchisee but must also gain the approval of the franchisor.

So how can the process be made more manageable for all parties involved? You could spend hours trawling the internet for articles and websites which will provide some assistance, or you could talk to Derrick Simpson, co-founder and Managing Director of Franchise Resales Limited, industry expert in selling franchised businesses.

Known throuhgout the franchise industry as “Mr Franchise Resales”, Derrick has developed a bespoke system to simplify the entire resale process for all those involved – exiting franchisee, purchaser and franchisor.

Whether you are buying or selling an existing unit franchise, or even the entire franchised network, click here to learn more about how you can benefit from the expertise of Franchise Resales Limited.