How to Sell A Franchise Business

Sell A Franchise Business

With a franchise business, your business should be worth a little more than a non-franchise business that makes the same money, because of a number of factors. Those factors are the brand, the systems and the inherent transferability of the business.

When selling a franchise business, you are not just selling your business, you are transferring a relationship with the franchisor. If you have a good franchisor, then you are lucky. If not, you need to keep working on your business to make it as attractive as possible to a buyer.

Maximising Profit Before Sale Process

1. Fully systemise your business.
2. Keep the income of your business on an upward curve.
3. Keep up to date with lead generation.
4. Boost your social media presence and engagement.
5. Increase diversity of clients across the casual, regular and corporate sectors.
6. Find ways to differentiate yourself from competitors.
7. Don’t allow labour costs to get out of hand.
8. Make sure you are selling the business on its tax figures. The days of lying about your figures to the tax department are over.