Selling franchises

Topics, discussions and debates about all things related to selling a franchise.

Question re: Franchise Sales Organizations

Folks,

I have a client that currently owns a chain of 25 stores. They are now interested in selling the concept as a franchise. We're almost done with their FDD and we're looking for an organization to take over the sales of the franchise. We've contemplated doing the sales in-house, but thought that it would be more effective to hire an outside sales group that already has a database of prospects. I know that there are alot of bad actors in this area and hoped that the Blue MauMau community could steer me in the direction of a good quality franchise sales organiation.

Thanks in advance for your help.

on June 22nd, 2009

Call me and I can help you

Give me a call, I would be happy to direct you.
860-567-3099

Joe Mathews
Franchise Performance Group
co-author "Street Smart Franchising"

Posted by Joe Mathews, Franchise Performance Group on June 22nd, 2009

Re: Call me and I can help you

Joe - Which FSOs are you recommending?

Posted by Leslie on June 22nd, 2009

Chain of 25 Stores Shilling

Uh, this attempt to sell a chain doesn't belong here in this thread - Mr. Blue Mau Mau could you move this, please?

Michael Webster, a franchisee attorney in Toronto, Ontario, publishes a website on business opportunities and franchises called "The BizOp News"

Posted by michael webster on June 22nd, 2009

Re: Chain of 25 Stores Shilling

Sorry, I didn't know where to post my question and figured that a article on SBA funding was as good a place as any.

BTW, I'm not "schilling" for anything exept info from you educated folks on a good organization that I could hire. That's precisely why I didn't go into any details about the client.

Posted by Guest on June 22nd, 2009

Re: Re: Chain of 25 Stores Shilling

So you're the franchising consultant and you thought there were educated folks here? This is primarily an anti-franchising website with a few franchisor side people. And only a few of the franchisor siders are worth a shyte.

Your client is lucky to have you!

Posted by Guest on June 22nd, 2009

Where to Post

Guest writes: "Sorry, I didn't know where to post my question and figured that a article on SBA funding was as good a place as any.

BTW, I'm not "schilling" for anything exept info from you educated folks on a good organization that I could hire. That's precisely why I didn't go into any details about the client.

It is very simple; you can post this on your own blog here at BMM.  You will get relevant feedback on your problem, if you post at your own blog.If you don't know how to create a blog, ask Mr. Blue Mau Mau and he will be happy to help you.A number of franchisor consultants will read your blog, especially if you fill in the details.But posting it on a story about SBA loans is not likely to get the attention that you want. 

Michael Webster, a franchisee attorney in Toronto, Ontario, publishes a website on business opportunities and franchises called "The BizOp News"

Posted by michael webster on June 22nd, 2009

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Posted by yiso123 on May 29th, 2010

Selling McGruff

I have had a franchise for four years. I renewed in early 2010 because I had a potential buyer and my franchisor told me I would get my renewal fees back. Unfortunately the buyer became confused once the franchisor offered up other territories (not mine) and bailed. Then another buyer came along who lives in my territory. They want to by my business and close immediately. I have a business broker and they make the offer in writing via email. They make an offer, we negotiate and then agree on a price and they relay that offer in an email. My broker calls them to say the offer is accepted and he will prepare the paperwork. Again, they live in my territory. The next thing I know once the buyers are contacting the franchisor for approval to buy my territory, they end up buying the franchisors territory instead of mine! They do not even live there! The time line was days, and when my broker went back to them to offer a comparible deal, there was nothing that would have sent them my way again. What did the franchisor possibly say to them to keep them from going through with the deal? Doesn't a franchisor have a fiduciary duty to protect me and our good faith relationship?

Posted by Sally McGruff on December 16th, 2010