Do you sell to a competitor, to another business, do you sell to a venture capital firm or do you find an individual to sell to buy your business?    (more…)

Before you list your business for sale, you need to think of what are you trying to accomplish.  Are you trying to realize some or all of your capital in your business to fund your retirement?  Do you want to retire (more…)

If you purchased a business, you no longer have anyone to fall back onto to assist you in building the business.  Franchisors often have determined the formula of success and hopefully have had someone (more…)

Franchises may or may not be more profitable than a regular business.  It depends on many factors including, the management skills of the owner, the location, the product being sold, the brand recognition, (more…)

Making a profit is dependent on the franchise, the location and many more factors.  I am not familiar with all franchises but most you can make a comfortable living but you will not become rich by owning just one (more…)

If your franchisor misrepresented the ability of the location, I have seen people sue the master franchisor and win.  Unfortunately, many franchisees have their life savings in the business and have no resources to (more…)

When you purchase a franchise, you are not able to negotiate many of the terms.  You may not be approved by the master franchisor.  Sometimes, if you sell the franchise, head office must approve and they receive a (more…)

If you purchase a good franchise, they have proven that their formula of success has been proven and many, if not all of the kinks, have been ironed out of the system.  The public/customers will be familiar with the (more…)

A franchise is a business which has been created by a third party.  Hopefully, they have mastered the business concepts of the business and instead of using their own capital, they sell locations/territories to (more…)

I spoke to a business owner who was worried that she would be unable to operate the business if her elderly husband became sick.  Her business was in a small town therefore the number of prospectiver buyers were (more…)