Franchising represents a huge percentage of America's business community - one of every 12 businesses in the USA is a franchise! Could that mean that one of every 12 businesses for sale in the USA is a franchise? Possibly, but by any count franchise resales are booming.
Why?
For several good reasons:
· Like other business owners, franchisees eventually decide to retire.
· Multi-unit and multi-concept franchisees often want to downsize.
· Many savvy franchisees started their businesses with the intent of selling as part of their exit plan.
· And a percentage of franchisees discover that they're not cut out for franchising, or they no longer want to operate their franchise.
· Customers are already patronizing the business.
· Advertising is in place and working.
· There are no start-up challenges to worry about.
FranchiseResales.com is a website that's devoted to assisting people who want to buy existing franchises.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.