Guide to Cashing Out of Your Franchise Business
Did someone make you an offer on your franchise locations that you're considering? Or perhaps you have been mulling over selling your units and going on to something else? David Ostrow, a multi-unit, multi-brand franchisee, has some suggestions for you.
You think you're ready to sell? You're mad and frustrated with your franchisor? They don't care or understand your struggles? Maybe you're ready to retire or just to do something else. When is the best time to sell? Do you know what your concept is worth?
The worst time to sell is when a broker or another franchisee calls and makes you an offer. This can literally leave millions on the sidelines. ...if you're thinking of selling your franchise in the next two years, start planning now. It's simple stuff. —David Ostrow, Franchising.com